Empowered Funds LLC Purchases 517 Shares of Tractor Supply (NASDAQ:TSCO)

Empowered Funds LLC lifted its position in shares of Tractor Supply (NASDAQ:TSCO) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,969 shares of the specialty retailer’s stock after purchasing an additional 517 shares during the period. Empowered Funds LLC’s holdings in Tractor Supply were worth $4,064,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. TIAA Trust National Association increased its stake in shares of Tractor Supply by 13.3% during the first quarter. TIAA Trust National Association now owns 2,977 shares of the specialty retailer’s stock valued at $779,000 after buying an additional 349 shares during the period. Bahl & Gaynor Inc. bought a new stake in Tractor Supply in the first quarter valued at $220,000. O Shaughnessy Asset Management LLC increased its position in Tractor Supply by 18.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,934 shares of the specialty retailer’s stock valued at $2,600,000 after purchasing an additional 1,557 shares during the period. Clearbridge Investments LLC raised its holdings in Tractor Supply by 11,952.8% in the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after purchasing an additional 239,176 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its position in shares of Tractor Supply by 351.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,021 shares of the specialty retailer’s stock worth $1,314,000 after purchasing an additional 3,908 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Piper Sandler lifted 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a research note on Thursday, October 24th. DA Davidson raised their price objective on Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI downgraded shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price on the stock. in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $282.82.

Insider Activity 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 shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $275.66 on Monday. The stock’s fifty day moving average is $284.33 and its 200 day moving average is $275.35. Tractor Supply has a one year low of $193.73 and a one year high of $307.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The stock has a market cap of $29.45 billion, a P/E ratio of 26.82, a P/E/G ratio of 3.46 and a beta of 0.82.

Tractor Supply Announces Dividend

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. The ex-dividend date is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.60%. Tractor Supply’s payout ratio is currently 42.80%.

About Tractor Supply

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.