Fiduciary Trust Co Purchases 191 Shares of Tractor Supply (NASDAQ:TSCO)

Fiduciary Trust Co increased its position in Tractor Supply (NASDAQ:TSCO) by 1.6% during the third quarter, Holdings Channel.com reports. The firm owned 12,110 shares of the specialty retailer’s stock after buying an additional 191 shares during the quarter. Fiduciary Trust Co’s holdings in Tractor Supply were worth $3,523,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Comerica Bank lifted its stake in Tractor Supply by 2.8% during the 1st quarter. Comerica Bank now owns 28,151 shares of the specialty retailer’s stock valued at $7,368,000 after acquiring an additional 779 shares in the last quarter. Swedbank AB bought a new position in Tractor Supply during the 1st quarter valued at $34,262,000. Atria Investments Inc lifted its stake in Tractor Supply by 0.4% during the 1st quarter. Atria Investments Inc now owns 22,415 shares of the specialty retailer’s stock valued at $5,866,000 after acquiring an additional 100 shares in the last quarter. Cetera Investment Advisers lifted its stake in Tractor Supply by 199.0% during the 1st quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock valued at $9,362,000 after acquiring an additional 23,806 shares in the last quarter. Finally, Cetera Advisors LLC raised its stake in shares of Tractor Supply by 37.3% during the 1st quarter. Cetera Advisors LLC now owns 10,729 shares of the specialty retailer’s stock worth $2,808,000 after purchasing an additional 2,916 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSCO. JPMorgan Chase & Co. lifted their target price on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. UBS Group lifted their target price on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Piper Sandler lifted their target price on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Truist Financial lowered their target price on Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $282.59.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $281.96 on Friday. The business has a 50 day moving average of $284.43 and a 200 day moving average of $275.79. The company has a market capitalization of $30.12 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 3.54 and a beta of 0.82. Tractor Supply has a 1-year low of $197.00 and a 1-year high of $307.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be given a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 annualized dividend and a yield of 1.56%. Tractor Supply’s payout ratio is currently 42.80%.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Profile

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.