Tractor Supply (NASDAQ:TSCO) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,025 shares of the specialty retailer’s stock after selling 1,598 shares during the quarter. Glenmede Trust Co. NA owned about 0.08% of Tractor Supply worth $25,609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSCO. Cynosure Group LLC boosted its stake in shares of Tractor Supply by 2.8% in the third quarter. Cynosure Group LLC now owns 1,529 shares of the specialty retailer’s stock worth $445,000 after buying an additional 42 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of Tractor Supply by 12.2% in the 3rd quarter. Townsquare Capital LLC now owns 19,794 shares of the specialty retailer’s stock valued at $5,759,000 after purchasing an additional 2,160 shares during the period. Baldwin Investment Management LLC lifted its stake in shares of Tractor Supply by 0.3% in the 3rd quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer’s stock valued at $3,317,000 after purchasing an additional 38 shares during the period. Brooklyn Investment Group purchased a new stake in Tractor Supply during the third quarter worth $144,000. Finally, Quantbot Technologies LP grew its position in Tractor Supply by 1,054.7% during the third quarter. Quantbot Technologies LP now owns 8,291 shares of the specialty retailer’s stock valued at $2,412,000 after buying an additional 7,573 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TSCO. Benchmark increased their price target on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Melius Research started coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price target on the stock. UBS Group boosted their price objective on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company decreased their target price on Tractor Supply from $325.00 to $320.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $282.59.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of the firm’s 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 owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.58% of the company’s stock.

Tractor Supply Trading Up 0.6 %

Shares of NASDAQ TSCO opened at $281.96 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $30.12 billion, a PE ratio of 27.43, a PEG ratio of 3.59 and a beta of 0.82. Tractor Supply has a twelve month low of $197.00 and a twelve month high of $307.64. The stock has a fifty day simple moving average of $284.30 and a 200-day simple moving average of $275.74.

Tractor Supply Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.56%. Tractor Supply’s dividend payout ratio is presently 42.80%.

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.