Baldwin Investment Management LLC Buys 38 Shares of Tractor Supply (NASDAQ:TSCO)

Baldwin Investment Management LLC increased its position in Tractor Supply (NASDAQ:TSCO) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,402 shares of the specialty retailer’s stock after purchasing an additional 38 shares during the period. Baldwin Investment Management LLC’s holdings in Tractor Supply were worth $3,317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TSCO. Silvercrest Asset Management Group LLC lifted its holdings in shares of Tractor Supply by 10.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 9,587 shares of the specialty retailer’s stock valued at $2,509,000 after purchasing an additional 902 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Tractor Supply by 18.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,118 shares of the specialty retailer’s stock valued at $2,125,000 after acquiring an additional 1,261 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Tractor Supply by 321.9% in the first quarter. Tidal Investments LLC now owns 16,477 shares of the specialty retailer’s stock worth $4,312,000 after acquiring an additional 12,572 shares during the period. Comerica Bank raised its holdings in shares of Tractor Supply by 2.8% during the first quarter. Comerica Bank now owns 28,151 shares of the specialty retailer’s stock valued at $7,368,000 after purchasing an additional 779 shares during the last quarter. Finally, National Wealth Management Group LLC bought a new position in Tractor Supply during the first quarter valued at approximately $505,000. 98.72% of the stock is currently owned by institutional investors.

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 sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $280.19 on Wednesday. The company has a market cap of $29.94 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.59 and a beta of 0.82. The business’s 50 day moving average price is $284.23 and its 200-day moving average price is $275.68. Tractor Supply has a fifty-two week low of $197.00 and a fifty-two week high of $307.64. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s payout ratio is currently 42.80%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSCO. Melius Research initiated coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 target price for the company. Benchmark increased their target price on Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, October 28th. Gordon Haskett lowered shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Wedbush reissued a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a report on Friday, October 25th. Finally, DA Davidson boosted their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $282.59.

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.