Equitable Trust Co. Reduces Position in Tractor Supply (NASDAQ:TSCO)

Equitable Trust Co. lowered its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 32.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,670 shares of the specialty retailer's stock after selling 2,739 shares during the period. Equitable Trust Co.'s holdings in Tractor Supply were worth $1,650,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply in the third quarter worth $29,000. LRI Investments LLC purchased a new stake in shares of Tractor Supply in the 1st quarter worth $28,000. Whittier Trust Co. raised its holdings in shares of 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 acquiring an additional 42 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 98 shares during the period. Finally, OFI Invest Asset Management bought a new position in Tractor Supply during the 2nd quarter worth about $33,000. 98.72% of the stock is owned by institutional investors.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TSCO shares. Barclays upped their price target on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Truist Financial lowered their target price on Tractor Supply from $325.00 to $317.00 and set a "buy" rating for the company in a report on Friday, October 25th. Melius Research started coverage on Tractor Supply in a report on Monday, September 23rd. They issued a "buy" rating and a $315.00 price target on the stock. Piper Sandler upped their price objective on Tractor Supply from $300.00 to $332.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their target price on Tractor Supply from $260.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $282.82.

Tractor Supply Stock Performance

Tractor Supply stock traded down $0.73 during midday trading on Friday, hitting $288.56. 1,201,907 shares of the company were exchanged, compared to its average volume of 1,081,762. The business has a fifty day simple moving average of $283.49 and a two-hundred day simple moving average of $275.01. 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 firm has a market capitalization of $31.13 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 3.62 and a beta of 0.82. Tractor Supply has a fifty-two week low of $193.60 and a fifty-two week high of $307.64.

Tractor Supply Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.52%. Tractor Supply's dividend payout ratio (DPR) is currently 42.80%.

About Tractor Supply

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.