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

Glenmede Trust Co. NA trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 1.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,025 shares of the specialty retailer’s stock after selling 1,598 shares during the quarter. Glenmede Trust Co. NA’s holdings in Tractor Supply were worth $25,609,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TSCO. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply during the 3rd quarter worth $29,000. First Personal Financial Services purchased a new position in shares of Tractor Supply during the 3rd quarter worth approximately $29,000. Whittier Trust Co. lifted its holdings in shares of Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 42 shares during the period. OFI Invest Asset Management acquired a new position in Tractor Supply during the second quarter worth $33,000. Finally, DT Investment Partners LLC grew its holdings in Tractor Supply by 120.0% during the third quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 72 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’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 owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. DA Davidson boosted their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Benchmark boosted their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Piper Sandler increased their target price on shares of Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Mizuho boosted their price target on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $282.59.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $281.96 on Thursday. The firm’s fifty day simple moving average is $284.30 and its 200 day simple moving average is $275.74. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. Tractor Supply has a twelve month low of $197.00 and a twelve month high of $307.64. The firm has a market capitalization of $30.12 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 3.59 and a beta of 0.82.

Tractor Supply Announces Dividend

The business 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 $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s payout ratio is 42.80%.

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.