Tractor Supply (NASDAQ:TSCO) Shares Sold by Fort Pitt Capital Group LLC

Fort Pitt Capital Group LLC cut its position in Tractor Supply (NASDAQ:TSCO) by 32.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,581 shares of the specialty retailer’s stock after selling 22,944 shares during the quarter. Fort Pitt Capital Group LLC’s holdings in Tractor Supply were worth $13,843,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at about $29,000. LRI Investments LLC acquired a new stake in Tractor Supply during the 1st quarter worth approximately $28,000. Whittier Trust Co. lifted its position in 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. J.Safra Asset Management Corp lifted its position in Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 98 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Tractor Supply during the 2nd quarter worth approximately $33,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction 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 owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. 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 owned by insiders.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $266.57 on Friday. The business’s fifty day moving average price is $282.42 and its two-hundred day moving average price is $273.71. The stock has a market cap of $28.75 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 3.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a one year low of $191.38 and a one year high of $307.64.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TSCO shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a research report on Thursday, October 24th. Piper Sandler increased their target price on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Evercore ISI downgraded Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price for the company. in a research note on Thursday, October 3rd. Raymond James increased their target price on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Melius Research began coverage on Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Hold” and an average price target of $282.82.

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.