Tractor Supply (NASDAQ:TSCO) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its position in Tractor Supply (NASDAQ:TSCO) by 69.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,932 shares of the specialty retailer’s stock after acquiring an additional 1,203 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Tractor Supply were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Tractor Supply by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares during the period. Marshall Wace LLP grew its position in shares of Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after buying an additional 345,402 shares during the last quarter. International Assets Investment Management LLC raised its stake in Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after acquiring an additional 232,469 shares during the period. Clearbridge Investments LLC lifted its holdings in Tractor Supply by 67.4% in the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after acquiring an additional 162,533 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new position in Tractor Supply in the second quarter valued at approximately $38,070,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, 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 filing with the SEC, which can be accessed through the SEC website. 0.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Benchmark increased their price target on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Melius Research initiated coverage on Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 target price on the stock. UBS Group boosted their price target on shares of Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Gordon Haskett cut shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Finally, Loop Capital boosted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $282.82.

Tractor Supply Trading Down 1.4 %

NASDAQ:TSCO opened at $272.85 on Wednesday. The stock has a fifty day simple moving average of $284.45 and a 200 day simple moving average of $275.44. The firm has a market capitalization of $29.15 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 3.46 and a beta of 0.82. Tractor Supply has a 1-year low of $193.73 and a 1-year high of $307.64. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Dividend Announcement

The company 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 1.61%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.80%.

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.