Northwest & Ethical Investments L.P. Purchases 219 Shares of Tractor Supply (NASDAQ:TSCO)

Northwest & Ethical Investments L.P. increased its position in Tractor Supply (NASDAQ:TSCO) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,625 shares of the specialty retailer’s stock after buying an additional 219 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Tractor Supply were worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the 3rd quarter worth approximately $29,000. First Personal Financial Services bought a new stake in Tractor Supply in the third quarter valued at approximately $29,000. Whittier Trust Co. lifted its position in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in Tractor Supply in the third quarter valued at approximately $32,000. Finally, OFI Invest Asset Management bought a new stake in Tractor Supply in the second quarter valued at approximately $33,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.6 %

TSCO stock opened at $281.96 on Friday. Tractor Supply has a fifty-two week low of $197.00 and a fifty-two week high of $307.64. The business’s 50-day moving average is $284.43 and its two-hundred day moving average is $275.79. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The company has a market cap of $30.12 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 3.54 and a beta of 0.82.

Tractor Supply Dividend Announcement

The company also recently announced 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 dividend payout ratio is 42.80%.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the 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 completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TSCO. Melius Research began coverage on Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective for the company. Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. UBS Group boosted their target price on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Truist Financial reduced their target price on Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Raymond James boosted their target price on Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $282.59.

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.