Raymond James Trust N.A. Has $2.27 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Raymond James Trust N.A. trimmed its position in shares of Tractor Supply (NASDAQ:TSCO) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,810 shares of the specialty retailer’s stock after selling 1,425 shares during the period. Raymond James Trust N.A.’s holdings in Tractor Supply were worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP raised its stake in Tractor Supply by 2,921.4% in the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after acquiring an additional 345,402 shares during the period. International Assets Investment Management LLC raised its position in shares of Tractor Supply by 29,058.6% in the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after purchasing an additional 232,469 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Tractor Supply by 67.4% during the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after buying an additional 162,533 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of Tractor Supply during the 2nd quarter worth about $38,070,000. Finally, Swedbank AB acquired a new position in Tractor Supply in the 1st quarter valued at about $34,262,000. 98.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Tractor Supply Trading Up 3.0 %

TSCO opened at $281.71 on Friday. The company has a market cap of $30.10 billion, a P/E ratio of 27.40, a PEG ratio of 3.43 and a beta of 0.82. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $284.18 and its 200-day moving average is $275.51. Tractor Supply has a 1-year low of $197.00 and a 1-year high of $307.64.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 dividend payout ratio is currently 42.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a research report on Thursday, October 24th. Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Loop Capital increased their price objective on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Barclays boosted their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. 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 stock. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.82.

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.