Speece Thorson Capital Group Inc. Has $14.85 Million Stake in Tractor Supply (NASDAQ:TSCO)

Speece Thorson Capital Group Inc. decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 0.3% in the third quarter, Holdings Channel reports. The fund owned 51,041 shares of the specialty retailer’s stock after selling 144 shares during the period. Tractor Supply accounts for 2.7% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 16th biggest holding. Speece Thorson Capital Group Inc.’s holdings in Tractor Supply were worth $14,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in TSCO. LRI Investments LLC acquired a new position in shares of Tractor Supply during the first quarter valued at about $28,000. J.Safra Asset Management Corp raised its position in shares of Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply during the third quarter valued at about $29,000. First Personal Financial Services acquired a new position in shares of Tractor Supply during the third quarter valued at about $29,000. Finally, Whittier Trust Co. raised its position in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO traded down $0.48 during mid-day trading on Wednesday, hitting $278.71. 65,462 shares of the company traded hands, compared to its average volume of 1,053,921. Tractor Supply has a one year low of $193.73 and a one year high of $307.64. 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 business has a 50-day moving average of $283.98 and a 200 day moving average of $275.28. The stock has a market capitalization of $29.78 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 3.53 and a beta of 0.82.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a dividend yield of 1.58%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.80%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TSCO shares. Raymond James upped their price objective on shares of Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial lowered their target price on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Benchmark upped their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Loop Capital upped 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. Finally, Robert W. Baird set a $320.00 target price on shares of Tractor Supply in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $282.82.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.58% of the stock is currently owned by company insiders.

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.