Tractor Supply (NASDAQ:TSCO) Stock Holdings Boosted by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. grew its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,303 shares of the specialty retailer's stock after acquiring an additional 2,097 shares during the period. Pittenger & Anderson Inc.'s holdings in Tractor Supply were worth $10,271,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. LRI Investments LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $28,000. J.Safra Asset Management Corp lifted its position in shares of Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 98 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply during the third quarter valued at $29,000. Whittier Trust Co. lifted its stake 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 period. Finally, OFI Invest Asset Management acquired a new position in Tractor Supply in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Up 2.2 %

Shares of TSCO stock traded up $5.85 during trading hours on Tuesday, hitting $276.21. 1,051,854 shares of the company were exchanged, compared to its average volume of 1,052,534. The stock has a market capitalization of $29.79 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 3.34 and a beta of 0.82. Tractor Supply has a one year low of $193.60 and a one year high of $307.64. The business's 50-day simple moving average is $282.37 and its two-hundred day simple moving average is $274.26. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Monday, August 26th. Tractor Supply's dividend payout ratio is presently 42.80%.

Analysts Set New Price Targets

TSCO has been the topic of several recent analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $335.00 target price on shares of Tractor Supply in a research report on Thursday, October 24th. Benchmark increased their target price on Tractor Supply from $280.00 to $310.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. 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 report on Friday, October 25th. Citigroup downgraded Tractor Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Two 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's stock. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of "Hold" and a consensus target price of $282.82.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the firm's stock in a transaction dated 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 approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Matthew L. Rubin sold 540 shares of the 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 sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction, the chief financial officer now owns 9,683 shares of the company's stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

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.