Hennion & Walsh Asset Management Inc. Sells 2,218 Shares of Tractor Supply (NASDAQ:TSCO)

Hennion & Walsh Asset Management Inc. lessened its position in shares of Tractor Supply (NASDAQ:TSCO) by 36.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,809 shares of the specialty retailer’s stock after selling 2,218 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Tractor Supply were worth $1,108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Henrickson Nauta Wealth Advisors Inc. grew its holdings in Tractor Supply by 3.2% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 35 shares during the period. Private Advisor Group LLC increased its holdings in Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after acquiring an additional 37 shares during the last quarter. Signature Wealth Management Group raised its stake in Tractor Supply by 0.5% in the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after acquiring an additional 38 shares during the period. X Square Capital LLC lifted its holdings in Tractor Supply by 1.6% during the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after purchasing an additional 41 shares during the last quarter. Finally, Eads & Heald Wealth Management boosted its position in Tractor Supply by 0.6% during the second quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after purchasing an additional 42 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Matthew L. Rubin sold 540 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the 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 sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Tractor Supply Trading Down 0.6 %

TSCO stock opened at $272.77 on Friday. Tractor Supply has a one year low of $185.00 and a one year high of $307.64. The company has a market capitalization of $29.41 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. The company’s 50 day moving average price is $282.24 and its two-hundred day moving average price is $273.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.49 billion. As a group, analysts predict that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced 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. This represents a $4.40 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio is presently 42.84%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSCO. Truist Financial lowered their price target on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research report on Friday. Loop Capital raised their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a research note on Thursday. JPMorgan Chase & Co. raised their target price on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Melius Research assumed coverage on Tractor Supply in a report on Monday, September 23rd. They set a “buy” rating and a $315.00 target price for the company. 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 stock. According to data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average price target of $277.70.

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.