International Private Wealth Advisors LLC Has $339,000 Stock Position in Tractor Supply (NASDAQ:TSCO)

International Private Wealth Advisors LLC decreased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 10.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,165 shares of the specialty retailer’s stock after selling 143 shares during the period. International Private Wealth Advisors LLC’s holdings in Tractor Supply were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in Tractor Supply by 527.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after purchasing an additional 22,279 shares during the last quarter. Ballentine Partners LLC raised its holdings in Tractor Supply by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after purchasing an additional 93 shares during the last quarter. Clearbridge Investments LLC raised 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 worth $63,121,000 after purchasing an additional 239,176 shares during the last quarter. Silvant Capital Management LLC raised its holdings in Tractor Supply by 20.9% during the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock worth $4,300,000 after purchasing an additional 2,556 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Activity

In other 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 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 approximately $2,862,682.12. This 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. 0.24% of the stock is currently owned by insiders.

Tractor Supply Stock Up 0.8 %

Shares of NASDAQ TSCO traded up $2.21 during trading hours on Thursday, hitting $280.96. The company had a trading volume of 62,122 shares, compared to its average volume of 1,051,719. The stock has a market capitalization of $30.02 billion, a P/E ratio of 27.12, 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 has a 1-year low of $193.73 and a 1-year high of $307.64. The firm’s 50 day moving average is $284.10 and its 200-day moving average is $275.30.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s payout ratio is presently 42.80%.

Analysts Set New Price Targets

TSCO has been the subject of several recent research reports. Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective for the company. in a report on Thursday, October 3rd. Benchmark upped their price target on Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Wells Fargo & Company upped their price target on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. 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 research note on Friday, October 25th. Finally, DA Davidson upped their price target on Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 25th. 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. According to MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and an average target price of $282.82.

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.