Caisse DE Depot ET Placement DU Quebec Buys 27,600 Shares of Tractor Supply (NASDAQ:TSCO)

Caisse DE Depot ET Placement DU Quebec boosted its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 71.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,347 shares of the specialty retailer's stock after buying an additional 27,600 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of Tractor Supply worth $19,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TSCO. Icon Wealth Advisors LLC acquired a new position in Tractor Supply in the third quarter worth about $111,000. Rockefeller Capital Management L.P. raised its position in shares of Tractor Supply by 0.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 27,710 shares of the specialty retailer's stock valued at $8,058,000 after acquiring an additional 141 shares during the period. Northwest & Ethical Investments L.P. lifted its holdings in shares of Tractor Supply by 2.1% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 10,625 shares of the specialty retailer's stock valued at $3,091,000 after purchasing an additional 219 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Tractor Supply by 12.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 4,664 shares of the specialty retailer's stock valued at $1,357,000 after acquiring an additional 500 shares in the last quarter. Finally, Financial Counselors Inc. bought a new stake in Tractor Supply in the 3rd quarter valued at approximately $277,000. Institutional investors own 98.72% of the company's stock.

Insider Activity at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the business's stock in a transaction 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 owns 9,683 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by insiders.

Tractor Supply Stock Up 2.3 %

Shares of Tractor Supply stock traded up $6.60 during midday trading on Monday, hitting $290.27. The company had a trading volume of 1,191,177 shares, compared to its average volume of 1,050,073. Tractor Supply has a 52-week low of $205.48 and a 52-week high of $307.64. 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 stock has a market capitalization of $31.01 billion, a P/E ratio of 27.64, a P/E/G ratio of 3.56 and a beta of 0.82. The company has a 50 day moving average of $284.77 and a 200 day moving average of $275.92.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, November 25th. Tractor Supply's payout ratio is 42.80%.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Tractor Supply from $260.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Gordon Haskett downgraded Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. UBS Group boosted their price target on Tractor Supply from $272.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. DA Davidson boosted their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Raymond James upped their price objective on Tractor Supply from $285.00 to $290.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $282.59.

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.