MinichMacGregor Wealth Management LLC Has $9 Million Holdings in Tractor Supply (NASDAQ:TSCO)

MinichMacGregor Wealth Management LLC boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 4.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 30,941 shares of the specialty retailer’s stock after buying an additional 1,369 shares during the period. Tractor Supply comprises about 1.9% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. MinichMacGregor Wealth Management LLC’s holdings in Tractor Supply were worth $9,002,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pittenger & Anderson Inc. grew its holdings in Tractor Supply by 6.3% during the third quarter. Pittenger & Anderson Inc. now owns 35,303 shares of the specialty retailer’s stock valued at $10,271,000 after purchasing an additional 2,097 shares during the last quarter. W.H. Cornerstone Investments Inc. raised its holdings in Tractor Supply by 52.2% in the 3rd quarter. W.H. Cornerstone Investments Inc. now owns 1,663 shares of the specialty retailer’s stock worth $484,000 after acquiring an additional 570 shares during the period. Amalgamated Bank raised its holdings in Tractor Supply by 6.7% in the 3rd quarter. Amalgamated Bank now owns 24,866 shares of the specialty retailer’s stock worth $7,234,000 after acquiring an additional 1,567 shares during the period. Moloney Securities Asset Management LLC lifted its position in Tractor Supply by 482.1% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 4,500 shares of the specialty retailer’s stock worth $1,309,000 after acquiring an additional 3,727 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in Tractor Supply by 3.4% during the third quarter. Asset Management One Co. Ltd. now owns 40,800 shares of the specialty retailer’s stock valued at $11,870,000 after acquiring an additional 1,330 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on TSCO. Melius Research began coverage on Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective for the company. Barclays upped their price target on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a research report on Thursday, October 24th. Finally, Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $282.82.

Insiders Place Their Bets

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Tractor Supply Price Performance

Shares of NASDAQ TSCO traded up $3.12 during mid-day trading on Tuesday, hitting $273.48. 71,234 shares of the stock were exchanged, compared to its average volume of 1,047,952. Tractor Supply has a twelve month low of $193.60 and a twelve month high of $307.64. The stock’s fifty day simple moving average is $282.42 and its two-hundred day simple moving average is $274.10. 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 company has a market cap of $29.50 billion, a P/E ratio of 26.51, a PEG ratio of 3.34 and a beta of 0.82.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a dividend of $1.10 per share. The ex-dividend date was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s dividend payout ratio is 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.