Trust Co. of Toledo NA OH purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,530 shares of the specialty retailer’s stock, valued at approximately $81,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TSCO. Bennett Selby Investments LP grew its holdings in shares of Tractor Supply by 1.3% in the second quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock worth $788,000 after purchasing an additional 191 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of Tractor Supply by 2.0% in the first quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock worth $543,000 after purchasing an additional 194 shares during the last quarter. Mount Vernon Associates Inc. MD grew its stake in Tractor Supply by 0.3% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock worth $3,566,000 after acquiring an additional 200 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Tractor Supply by 0.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock worth $3,663,000 after acquiring an additional 208 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in Tractor Supply by 30.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 213 shares in the last quarter. 98.72% of the stock is owned by institutional investors.
Tractor Supply Price Performance
Shares of TSCO stock opened at $54.24 on Monday. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The stock’s 50-day moving average is $59.08 and its 200 day moving average is $54.93. The company has a market cap of $28.74 billion, a P/E ratio of 26.61, a PEG ratio of 2.78 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16.
Tractor Supply Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 25th. Tractor Supply’s dividend payout ratio (DPR) is 45.10%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on TSCO shares. Robert W. Baird increased their price objective on Tractor Supply from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Evercore ISI dropped their price target on Tractor Supply from $65.00 to $60.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 7th. UBS Group increased their price target on Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Tractor Supply in a report on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and an average price target of $62.45.
View Our Latest Stock Report on Tractor Supply
Insider Activity
In other news, EVP Colin Yankee sold 6,680 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the sale, the executive vice president owned 40,142 shares of the company’s stock, valued at $2,344,292.80. This trade represents a 14.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Denise L. Jackson sold 1,165 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total value of $68,152.50. Following the completion of the sale, the director directly owned 31,123 shares of the company’s stock, valued at $1,820,695.50. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,045 shares of company stock valued at $6,547,257 in the last ninety days. 0.65% of the stock is currently owned by insiders.
Tractor Supply Company 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.
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