Lincluden Management Ltd. Has $3.64 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Lincluden Management Ltd. increased its stake in Tractor Supply (NASDAQ:TSCO) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,526 shares of the specialty retailer’s stock after buying an additional 164 shares during the quarter. Lincluden Management Ltd.’s holdings in Tractor Supply were worth $3,644,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted 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 valued at $7,155,000 after purchasing an additional 22,279 shares during the last quarter. Ballentine Partners LLC increased its position 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 buying an additional 93 shares during the period. Janney Montgomery Scott LLC boosted its stake in Tractor Supply by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 143,749 shares of the specialty retailer’s stock valued at $37,622,000 after buying an additional 4,788 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Tractor Supply by 11,952.8% in the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after buying an additional 239,176 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $871,691,000 after buying an additional 368,859 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Down 0.9 %

Shares of TSCO stock opened at $265.51 on Friday. The company has a market cap of $28.64 billion, a P/E ratio of 25.83, a PEG ratio of 3.36 and a beta of 0.80. Tractor Supply has a fifty-two week low of $188.07 and a fifty-two week high of $307.64. The stock has a 50 day simple moving average of $282.48 and a two-hundred day simple moving average of $273.54. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.66%. Tractor Supply’s dividend payout ratio is 42.80%.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of the company’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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research analyst reports. Barclays raised their price objective on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price objective on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. UBS Group raised their price objective on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Mizuho raised their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Loop Capital raised their price objective on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Two equities 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $279.00.

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.