Norinchukin Bank The lifted its holdings in Tractor Supply (NASDAQ:TSCO) by 13.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,660 shares of the specialty retailer’s stock after acquiring an additional 1,833 shares during the quarter. Norinchukin Bank The’s holdings in Tractor Supply were worth $1,423,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its position in shares of Tractor Supply by 74.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,515 shares of the specialty retailer’s stock worth $957,000 after purchasing an additional 5,361 shares during the period. First Hawaiian Bank purchased a new stake in shares of Tractor Supply in the 3rd quarter worth approximately $584,000. Swiss National Bank lifted its position in shares of Tractor Supply by 2.7% in the 2nd quarter. Swiss National Bank now owns 415,400 shares of the specialty retailer’s stock worth $31,774,000 after purchasing an additional 11,000 shares during the period. Ridgewood Investments LLC lifted its position in shares of Tractor Supply by 17.2% in the 2nd quarter. Ridgewood Investments LLC now owns 11,768 shares of the specialty retailer’s stock worth $900,000 after purchasing an additional 1,725 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $665,000. 82.18% of the stock is owned by hedge funds and other institutional investors.
NASDAQ TSCO opened at $89.30 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.99 and a quick ratio of 0.21. The company has a market cap of $10.86 billion, a P/E ratio of 26.82, a PEG ratio of 1.70 and a beta of 1.22. Tractor Supply has a 52 week low of $58.27 and a 52 week high of $97.65.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Monday, November 26th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, November 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.39%. Tractor Supply’s payout ratio is 37.24%.
In other Tractor Supply news, CEO Gregory A. Sandfort sold 140,709 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $90.28, for a total transaction of $12,703,208.52. Following the transaction, the chief executive officer now owns 118,845 shares in the company, valued at approximately $10,729,326.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert D. Mills sold 20,278 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $97.10, for a total transaction of $1,968,993.80. Following the transaction, the executive vice president now owns 31,826 shares in the company, valued at approximately $3,090,304.60. The disclosure for this sale can be found here. Insiders have sold a total of 227,314 shares of company stock worth $20,745,120 in the last 90 days. 1.60% of the stock is currently owned by company insiders.
Several brokerages have recently weighed in on TSCO. BidaskClub cut shares of Tractor Supply from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens set a $93.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Friday, July 27th. ValuEngine raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Wolfe Research cut shares of Tractor Supply from an “outperform” rating to a “market perform” rating in a research report on Friday, July 27th. Finally, Oppenheimer upped their price target on shares of Tractor Supply from $80.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 17th. Eleven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $87.77.
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Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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