Tractor Supply (NASDAQ:TSCO) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its stake in shares of Tractor Supply (NASDAQ:TSCO) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,932 shares of the specialty retailer’s stock after purchasing an additional 5,510 shares during the quarter. Cerity Partners LLC owned approximately 0.12% of Tractor Supply worth $38,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Tractor Supply by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock valued at $303,278,000 after acquiring an additional 110,342 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Tractor Supply by 3.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer’s stock valued at $241,528,000 after acquiring an additional 29,730 shares during the period. Provident Trust Co. increased its holdings in shares of Tractor Supply by 1.7% in the 3rd quarter. Provident Trust Co. now owns 679,701 shares of the specialty retailer’s stock valued at $197,745,000 after acquiring an additional 11,139 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Tractor Supply by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 631,406 shares of the specialty retailer’s stock valued at $183,695,000 after acquiring an additional 8,142 shares during the period. Finally, King Luther Capital Management Corp increased its holdings in shares of Tractor Supply by 0.4% in the 3rd quarter. King Luther Capital Management Corp now owns 454,290 shares of the specialty retailer’s stock valued at $132,166,000 after acquiring an additional 2,018 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction 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 transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 70.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TSCO shares. Benchmark lifted their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, October 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a research report on Thursday, October 24th. Melius Research started coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective on the stock. Mizuho lifted their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Loop Capital lifted their price objective on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $282.82.

Tractor Supply Trading Up 3.0 %

NASDAQ:TSCO opened at $281.71 on Friday. The company has a market capitalization of $30.10 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 3.43 and a beta of 0.82. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 52-week low of $197.00 and a 52-week high of $307.64. The stock has a fifty day simple moving average of $284.18 and a 200-day simple moving average of $275.51.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) 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.