Field & Main Bank Grows Stake in Tractor Supply (NASDAQ:TSCO)

Field & Main Bank grew its holdings in Tractor Supply (NASDAQ:TSCO) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,348 shares of the specialty retailer’s stock after buying an additional 202 shares during the quarter. Field & Main Bank’s holdings in Tractor Supply were worth $974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC bought a new position in shares of Tractor Supply in the 1st quarter worth approximately $28,000. J.Safra Asset Management Corp raised its position in shares of Tractor Supply by 700.0% in 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 in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply in the 3rd quarter worth approximately $29,000. Whittier Trust Co. raised its position in shares of Tractor Supply by 60.9% in 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 in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Tractor Supply in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 0.3 %

Tractor Supply stock opened at $288.56 on Friday. The stock has a market cap of $31.13 billion, a P/E ratio of 28.07, a PEG ratio of 3.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a 1 year low of $193.60 and a 1 year high of $307.64. The firm’s 50 day moving average price is $283.49 and its 200-day moving average price is $275.01.

Tractor Supply Dividend Announcement

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 given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Monday, November 25th. Tractor Supply’s payout ratio is currently 42.80%.

Wall Street Analyst Weigh In

TSCO has been the subject of several research reports. Barclays increased their target price on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report 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 report on Friday, October 11th. Gordon Haskett lowered Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird set a $320.00 target price on Tractor Supply in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $282.82.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were 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 of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

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.