Douglass Winthrop Advisors LLC Acquires 149 Shares of Tractor Supply (NASDAQ:TSCO)

Douglass Winthrop Advisors LLC boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 0.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,500 shares of the specialty retailer’s stock after buying an additional 149 shares during the quarter. Tractor Supply makes up approximately 1.8% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Douglass Winthrop Advisors LLC owned about 0.30% of Tractor Supply worth $92,661,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Henrickson Nauta Wealth Advisors Inc. raised its position in shares of Tractor Supply by 3.2% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 35 shares in the last quarter. Private Advisor Group LLC raised its holdings in Tractor Supply by 0.5% in the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after purchasing an additional 37 shares in the last quarter. Signature Wealth Management Group lifted its position in shares of Tractor Supply by 0.5% during the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after buying an additional 38 shares during the last quarter. X Square Capital LLC boosted its holdings in shares of Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after buying an additional 41 shares in the last quarter. Finally, TCI Wealth Advisors Inc. grew its position in shares of Tractor Supply by 5.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock worth $246,000 after buying an additional 41 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of analyst reports. Benchmark increased their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Piper Sandler increased their price objective on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price 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, Truist Financial lowered their price target on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.82.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction 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 directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.58% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $281.71 on Monday. Tractor Supply has a 52-week low of $197.00 and a 52-week high of $307.64. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The stock has a market cap of $30.10 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 3.53 and a beta of 0.82. The business has a 50-day simple moving average of $284.18 and a 200-day simple moving average of $275.57.

Tractor Supply Announces Dividend

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

Tractor Supply Company 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.