Dearborn Partners LLC Has $46.84 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Dearborn Partners LLC cut its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,008 shares of the specialty retailer’s stock after selling 7,591 shares during the period. Tractor Supply comprises approximately 1.9% of Dearborn Partners LLC’s holdings, making the stock its 10th largest holding. Dearborn Partners LLC’s holdings in Tractor Supply were worth $46,842,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in shares of Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after buying an additional 368,859 shares during the period. Marshall Wace LLP lifted its stake in Tractor Supply by 2,921.4% in the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after acquiring an additional 345,402 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Tractor Supply by 11,952.8% in the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after acquiring an additional 239,176 shares in the last quarter. International Assets Investment Management LLC raised its position in Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after acquiring an additional 232,469 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of Tractor Supply in the second quarter valued at approximately $38,070,000. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Performance

Tractor Supply stock opened at $277.08 on Friday. The firm has a fifty day simple moving average of $284.23 and a two-hundred day simple moving average of $275.32. 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 twelve month low of $193.73 and a twelve month high of $307.64. The company has a market capitalization of $29.60 billion, a PE ratio of 26.95, a P/E/G ratio of 3.50 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. Stockholders of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio is 42.80%.

Analyst Ratings Changes

TSCO has been the topic of several recent research reports. Barclays raised their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Mizuho boosted their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Truist Financial dropped their price objective on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Melius Research started coverage on Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 target price on the stock. Finally, Loop Capital upped 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 issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $282.82.

Insider Transactions at Tractor Supply

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

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.