Aptus Capital Advisors LLC Has $3.24 Million Position in Tractor Supply (NASDAQ:TSCO)

Aptus Capital Advisors LLC raised its stake in shares of Tractor Supply (NASDAQ:TSCO) by 0.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 11,120 shares of the specialty retailer’s stock after purchasing an additional 63 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Tractor Supply were worth $3,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares during the period. Marshall Wace LLP increased its stake in shares of Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after buying an additional 345,402 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Tractor Supply by 11,952.8% in the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after buying an additional 239,176 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Tractor Supply by 29,058.6% in the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after buying 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 $38,070,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on TSCO. Mizuho lifted their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Benchmark raised their target price on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price on the stock. in a report on Thursday, October 3rd. Telsey Advisory Group reiterated an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a report on Thursday, October 24th. Finally, Piper Sandler lifted 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $282.82.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by company insiders.

Tractor Supply Trading Down 0.2 %

Shares of TSCO stock opened at $278.75 on Thursday. Tractor Supply has a 12-month low of $193.73 and a 12-month 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 business has a 50-day moving average price of $284.10 and a two-hundred day moving average price of $275.30. The firm has a market cap of $29.78 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 3.50 and a beta of 0.82.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

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.