Private Trust Co. NA Sells 55 Shares of Tractor Supply (NASDAQ:TSCO)

Private Trust Co. NA reduced its position in Tractor Supply (NASDAQ:TSCO) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612 shares of the specialty retailer’s stock after selling 55 shares during the quarter. Private Trust Co. NA’s holdings in Tractor Supply were worth $178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply in the third quarter valued at about $29,000. First Personal Financial Services bought a new position in Tractor Supply in the third quarter worth about $29,000. Whittier Trust Co. raised its holdings in 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 purchasing an additional 42 shares in the last quarter. OFI Invest Asset Management bought a new position in Tractor Supply in the second quarter worth about $33,000. Finally, DT Investment Partners LLC raised its holdings in Tractor Supply by 120.0% in the third quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 72 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Trading Up 0.6 %

Shares of NASDAQ:TSCO opened at $281.96 on Friday. Tractor Supply has a 12-month low of $197.00 and a 12-month high of $307.64. The company has a market capitalization of $30.12 billion, a PE ratio of 27.43, a PEG ratio of 3.59 and a beta of 0.82. The business has a 50 day moving average of $284.43 and a two-hundred day moving average of $275.79. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, November 25th. Tractor Supply’s payout ratio is presently 42.80%.

Analysts Set New Price Targets

A number of brokerages have commented on TSCO. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Robert W. Baird set a $320.00 target price on shares of Tractor Supply in a report on Thursday, October 17th. Benchmark boosted their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus target price of $282.59.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply 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 of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by corporate insiders.

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.