Fort Pitt Capital Group LLC Sells 22,944 Shares of Tractor Supply (NASDAQ:TSCO)

Fort Pitt Capital Group LLC lessened its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 32.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,581 shares of the specialty retailer's stock after selling 22,944 shares during the quarter. Fort Pitt Capital Group LLC's holdings in Tractor Supply were worth $13,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. LRI Investments LLC purchased a new stake in Tractor Supply in the first quarter worth $28,000. J.Safra Asset Management Corp increased its holdings in Tractor Supply by 700.0% in the 1st 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 last quarter. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the 3rd quarter valued at about $29,000. Whittier Trust Co. raised its stake in Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Tractor Supply during the second quarter valued at about $33,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company's 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 directly owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the business's 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 completion of the sale, the chief financial officer now owns 9,683 shares of the company's stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James boosted their price target 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. Loop Capital boosted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the company a "hold" rating in a report on Friday, September 6th. Barclays raised their price target on Tractor Supply from $240.00 to $250.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Melius Research initiated coverage on Tractor Supply in a research note on Monday, September 23rd. They set a "buy" rating and a $315.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tractor Supply has an average rating of "Hold" and an average price target of $282.82.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded up $1.06 during trading on Friday, hitting $266.57. 1,093,900 shares of the stock traded hands, compared to its average volume of 961,467. The firm's fifty day moving average is $282.42 and its 200-day moving average is $273.91. The stock has a market cap of $28.75 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.33 and a beta of 0.82. Tractor Supply has a 52 week low of $191.38 and a 52 week high of $307.64. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, August 26th. Tractor Supply's dividend payout ratio (DPR) is presently 42.80%.

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.