Tractor Supply (NASDAQ:TSCO) Shares Sold by Private Trust Co. NA

Private Trust Co. NA trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 8.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 612 shares of the specialty retailer’s stock after selling 55 shares during the period. Private Trust Co. NA’s holdings in Tractor Supply were worth $178,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Tractor Supply by 527.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after purchasing an additional 22,279 shares during the last quarter. Ballentine Partners LLC raised its stake in Tractor Supply by 2.1% in the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock valued at $1,216,000 after purchasing an additional 93 shares during the last quarter. Silvant Capital Management LLC raised its stake in Tractor Supply by 20.9% in the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after purchasing an additional 2,556 shares during the last quarter. Cetera Investment Advisers raised its stake in Tractor Supply by 199.0% in the 1st quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock valued at $9,362,000 after purchasing an additional 23,806 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Tractor Supply in the 2nd quarter valued at $13,353,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on TSCO. Citigroup downgraded Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Piper Sandler upped their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Finally, Wedbush restated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average price target of $282.59.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $281.96 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a fifty-two week low of $197.00 and a fifty-two week high of $307.64. The firm has a market capitalization of $30.12 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 3.59 and a beta of 0.82. The stock’s 50-day simple moving average is $284.43 and its 200-day simple moving average is $275.79.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.