Tractor Supply (NASDAQ:TSCO) Shares Sold by Saturna Capital Corp

Saturna Capital Corp trimmed its position in shares of Tractor Supply (NASDAQ:TSCO) by 54.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,330 shares of the specialty retailer’s stock after selling 2,730 shares during the period. Saturna Capital Corp’s holdings in Tractor Supply were worth $678,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TSCO. Envestnet Portfolio Solutions Inc. increased its stake in Tractor Supply by 3.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,980 shares of the specialty retailer’s stock valued at $1,565,000 after purchasing an additional 188 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Tractor Supply by 8.8% in the first quarter. Russell Investments Group Ltd. now owns 47,517 shares of the specialty retailer’s stock valued at $12,428,000 after acquiring an additional 3,850 shares during the period. Bleakley Financial Group LLC lifted its holdings in Tractor Supply by 2.8% in the first quarter. Bleakley Financial Group LLC now owns 3,958 shares of the specialty retailer’s stock valued at $1,036,000 after acquiring an additional 106 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Tractor Supply by 12.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 139,012 shares of the specialty retailer’s stock valued at $36,382,000 after buying an additional 15,127 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its position in shares of Tractor Supply by 16.4% in the first quarter. Angeles Wealth Management LLC now owns 1,320 shares of the specialty retailer’s stock valued at $345,000 after buying an additional 186 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction 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 $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of recent research reports. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Raymond James boosted their price target on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Barclays boosted their price target on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Robert W. Baird set a $320.00 target price on Tractor Supply in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $282.82.

Tractor Supply Trading Down 0.1 %

Shares of TSCO stock opened at $279.00 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 1 year low of $193.73 and a 1 year high of $307.64. The stock has a fifty day moving average of $283.98 and a two-hundred day moving average of $275.28. The firm has a market capitalization of $29.81 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 3.53 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. Shareholders of record on Monday, November 25th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.58%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

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.