Tractor Supply (NASDAQ:TSCO) Shares Bought by Provident Trust Co.

Provident Trust Co. increased its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 679,701 shares of the specialty retailer's stock after acquiring an additional 11,139 shares during the period. Tractor Supply makes up 3.6% of Provident Trust Co.'s investment portfolio, making the stock its 12th largest position. Provident Trust Co. owned about 0.63% of Tractor Supply worth $197,745,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TSCO. Future Financial Wealth Managment LLC purchased a new position in shares of Tractor Supply in the 3rd quarter worth about $29,000. LRI Investments LLC purchased a new stake in Tractor Supply during the first quarter worth approximately $28,000. Whittier Trust Co. increased its position 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 worth $30,000 after acquiring an additional 42 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of Tractor Supply by 700.0% in the 1st 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 during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Tractor Supply during the 2nd quarter valued at $33,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO traded down $0.73 on Friday, reaching $288.56. 1,201,907 shares of the company's stock were exchanged, compared to its average volume of 1,060,391. The business's 50-day moving average is $283.49 and its two-hundred day moving average is $275.01. 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 has a fifty-two week low of $193.60 and a fifty-two week high of $307.64. The firm has a market capitalization of $31.13 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 3.62 and a beta of 0.82.

Tractor Supply Announces Dividend

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

Analysts Set New Price Targets

TSCO has been the subject of several recent research reports. Truist Financial lowered their price target on Tractor Supply from $325.00 to $317.00 and set a "buy" rating for the company in a report on Friday, October 25th. Wells Fargo & Company increased their target price on Tractor Supply from $295.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. UBS Group boosted their price target on Tractor Supply from $272.00 to $280.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Barclays increased their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Finally, DA Davidson boosted their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $282.82.

Insiders Place Their Bets

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. In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company's stock, 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. 0.24% of the stock is currently owned by corporate 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.