Sumitomo Mitsui Trust Group Inc. Has $72.08 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,752 shares of the specialty retailer's stock after purchasing an additional 5,759 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Tractor Supply worth $72,078,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TSCO. Price T Rowe Associates Inc. MD boosted its position in shares of Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer's stock worth $871,691,000 after acquiring an additional 368,859 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer's stock valued at $96,451,000 after buying an additional 345,402 shares during the period. Clearbridge Investments LLC grew its holdings in Tractor Supply by 11,952.8% during the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer's stock valued at $63,121,000 after purchasing an additional 239,176 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer's stock valued at $67,865,000 after acquiring an additional 232,469 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Tractor Supply during the 2nd quarter worth approximately $38,070,000. 98.72% of the stock is owned by institutional investors and hedge funds.

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 stock was 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 of the company's stock, valued at approximately $2,862,682.12. This trade represents a 70.85 % 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. Corporate insiders own 0.24% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSCO. Raymond James upped their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Telsey Advisory Group reissued an "outperform" rating and issued a $335.00 price target on shares of Tractor Supply in a research note on Thursday, October 24th. Evercore ISI cut Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 target price on the stock. in a report on Thursday, October 3rd. Finally, Piper Sandler upped their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of "Hold" and an average price target of $282.82.

Tractor Supply Stock Down 0.5 %

TSCO stock traded down $1.42 during trading hours on Friday, hitting $275.66. The company's stock had a trading volume of 998,806 shares, compared to its average volume of 1,054,406. The stock has a 50 day moving average price of $284.33 and a two-hundred day moving average price of $275.30. Tractor Supply has a 12 month low of $193.73 and a 12 month high of $307.64. The company has a market capitalization of $29.45 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 3.50 and a beta of 0.82. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued 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 1.60%. 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.