Cerity Partners LLC Increases Stake in Tractor Supply (NASDAQ:TSCO)

Cerity Partners LLC lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,932 shares of the specialty retailer’s stock after acquiring an additional 5,510 shares during the period. Cerity Partners LLC’s holdings in Tractor Supply were worth $38,674,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in shares of Tractor Supply during the 3rd quarter worth about $29,000. First Personal Financial Services purchased a new position in shares of Tractor Supply during the 3rd quarter worth about $29,000. LRI Investments LLC purchased a new position in shares of Tractor Supply during the 1st quarter worth about $28,000. Whittier Trust Co. lifted its holdings in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Tractor Supply during the 2nd quarter worth about $33,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the firm’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 transaction 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 trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TSCO. Wedbush reiterated a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Raymond James increased their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Mizuho increased their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus target price of $282.82.

Tractor Supply Stock Up 3.0 %

TSCO stock opened at $281.71 on Friday. Tractor Supply has a twelve month low of $197.00 and a twelve month high of $307.64. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $30.10 billion, a P/E ratio of 27.40, a PEG ratio of 3.43 and a beta of 0.82. The firm has a 50 day simple moving average of $284.18 and a 200-day simple moving average of $275.51.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, November 25th. Tractor Supply’s payout ratio is currently 42.80%.

Tractor Supply 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.