MetLife Investment Management LLC Sells 800 Shares of Tractor Supply (NASDAQ:TSCO)

MetLife Investment Management LLC trimmed its stake in shares of Tractor Supply (NASDAQ:TSCO) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,958 shares of the specialty retailer’s stock after selling 800 shares during the period. MetLife Investment Management LLC’s holdings in Tractor Supply were worth $9,588,000 as of its most recent filing with the Securities & Exchange Commission.

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

Tractor Supply Stock Up 0.6 %

TSCO stock opened at $281.96 on Friday. The company has a fifty day moving average price of $284.43 and a 200 day moving average price of $275.79. Tractor Supply has a 12 month low of $197.00 and a 12 month 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. The company has a market cap of $30.12 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 3.54 and a beta of 0.82.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 dividend on an annualized basis and a yield of 1.56%. Tractor Supply’s payout ratio is currently 42.80%.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Raymond James boosted their price target on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company dropped their price target on Tractor Supply from $325.00 to $320.00 and set an “overweight” rating for the company in a research note on Monday. Wedbush reiterated a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research report on Friday, October 25th. Finally, DA Davidson upped 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The shares were 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 trade represents a 70.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by corporate insiders.

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.