Tractor Supply (NASDAQ:TSCO) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,710 shares of the specialty retailer’s stock after buying an additional 141 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Tractor Supply were worth $8,058,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TSCO. Dimensional Fund Advisors LP boosted its stake in Tractor Supply by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock valued at $303,278,000 after acquiring an additional 110,342 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Tractor Supply by 3.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer’s stock worth $241,528,000 after buying an additional 29,730 shares during the last quarter. Provident Trust Co. increased its position in Tractor Supply by 1.7% during the third quarter. Provident Trust Co. now owns 679,701 shares of the specialty retailer’s stock worth $197,745,000 after buying an additional 11,139 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Tractor Supply by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 631,406 shares of the specialty retailer’s stock valued at $183,695,000 after buying an additional 8,142 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in shares of Tractor Supply by 0.4% in the third quarter. King Luther Capital Management Corp now owns 454,290 shares of the specialty retailer’s stock valued at $132,166,000 after acquiring an additional 2,018 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TSCO. Truist Financial reduced their price target on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Melius Research assumed coverage on Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective for the company. Piper Sandler lifted their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Mizuho increased their price target on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Barclays boosted their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average price target of $282.59.

Tractor Supply Stock Performance

Tractor Supply stock opened at $284.98 on Wednesday. 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 fifty-two week low of $205.48 and a fifty-two week high of $307.64. The stock has a fifty day moving average of $285.04 and a two-hundred day moving average of $276.02. The company has a market capitalization of $30.45 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 3.64 and a beta of 0.83.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, November 25th. Tractor Supply’s payout ratio is 42.80%.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated 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 sale, the chief financial officer now directly owns 9,683 shares in the company, 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 filing with the SEC, which is available through the SEC website. 0.58% of the stock is owned by insiders.

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.