Freedom Investment Management Inc. Has $369,000 Holdings in Tractor Supply (NASDAQ:TSCO)

Freedom Investment Management Inc. decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 44.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,268 shares of the specialty retailer’s stock after selling 998 shares during the period. Freedom Investment Management Inc.’s holdings in Tractor Supply were worth $369,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Henrickson Nauta Wealth Advisors Inc. grew its position in Tractor Supply by 3.2% during the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 35 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Tractor Supply by 0.5% during the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after purchasing an additional 37 shares during the last quarter. Signature Wealth Management Group increased its stake in shares of Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after buying an additional 38 shares in the last quarter. Baldwin Investment Management LLC raised its holdings in shares of Tractor Supply by 0.3% in the third quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer’s stock valued at $3,317,000 after buying an additional 38 shares during the last quarter. Finally, X Square Capital LLC lifted its position in Tractor Supply by 1.6% during the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TSCO shares. Citigroup cut shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Benchmark raised their price target on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, October 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a report on Thursday, October 24th. DA Davidson lifted their target price on Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, UBS Group boosted their target price on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $282.59.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 23,532 shares of the business’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 value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Trading Up 0.6 %

Shares of NASDAQ TSCO opened at $283.67 on Friday. Tractor Supply has a twelve month low of $197.91 and a twelve month high of $307.64. The stock has a market cap of $30.31 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 3.54 and a beta of 0.82. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The company’s fifty day moving average is $284.77 and its 200-day moving average is $275.91.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.55%. Tractor Supply’s payout ratio is 42.80%.

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.