Mitchell Mcleod Pugh & Williams Inc. Makes New Investment in Tractor Supply (NASDAQ:TSCO)

Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Tractor Supply (NASDAQ:TSCO) during the third quarter, Holdings Channel.com reports. The firm purchased 739 shares of the specialty retailer’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply in the third quarter valued at approximately $29,000. First Personal Financial Services bought a new stake in Tractor Supply in the third quarter valued at $29,000. LRI Investments LLC bought a new position in shares of Tractor Supply during the first quarter valued at $28,000. Whittier Trust Co. lifted its holdings in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Finally, J.Safra Asset Management Corp boosted its stake 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 valued at $29,000 after purchasing an additional 98 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

Shares of TSCO opened at $288.56 on Monday. The firm’s 50 day moving average price is $283.49 and its two-hundred day moving average price is $275.13. 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 twelve month low of $193.60 and a twelve month high of $307.64. The firm 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.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a report on Friday, October 25th. UBS Group lifted their price target on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Barclays boosted their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler increased their price objective on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and a consensus target price of $282.82.

Insider Buying and Selling at Tractor Supply

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 completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.