Tractor Supply (NASDAQ:TSCO) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 91,853 shares of the specialty retailer’s stock after selling 1,289 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Tractor Supply were worth $26,723,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Henrickson Nauta Wealth Advisors Inc. lifted its position in Tractor Supply by 3.2% in the 3rd 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 last quarter. Private Advisor Group LLC boosted its position in shares of Tractor Supply by 0.5% during the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after buying an additional 37 shares during the period. Signature Wealth Management Group grew its holdings 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 worth $1,890,000 after buying an additional 38 shares in the last quarter. X Square Capital LLC grew its holdings in Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after buying an additional 41 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in Tractor Supply by 5.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock valued at $246,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.6 %

NASDAQ TSCO opened at $283.67 on Friday. The firm’s 50 day moving average price is $284.59 and its two-hundred day moving average price is $275.83. 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 twelve month low of $197.91 and a twelve month high of $307.64. The stock has a market cap of $30.31 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 3.54 and a beta of 0.82.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s payout ratio is 42.80%.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of the business’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 transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Mizuho raised their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Benchmark increased their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company dropped their target price on Tractor Supply from $325.00 to $320.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and an average target price of $282.59.

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.