Tilia Fiduciary Partners Inc. Acquires 448 Shares of Tractor Supply (NASDAQ:TSCO)

Tilia Fiduciary Partners Inc. increased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,395 shares of the specialty retailer’s stock after buying an additional 448 shares during the quarter. Tractor Supply accounts for about 1.9% of Tilia Fiduciary Partners Inc.’s holdings, making the stock its 16th biggest holding. Tilia Fiduciary Partners Inc.’s holdings in Tractor Supply were worth $2,733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Tractor Supply by 63.2% in the fourth quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after acquiring an additional 1,784,304 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after purchasing an additional 368,859 shares during the last quarter. Marshall Wace LLP boosted its position in Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after buying an additional 345,402 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Tractor Supply by 11,952.8% during the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after buying an additional 239,176 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new position in shares of Tractor Supply during the second quarter worth $38,070,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Down 1.1 %

TSCO traded down $3.47 during midday trading on Wednesday, hitting $300.23. The company had a trading volume of 103,908 shares, compared to its average volume of 1,053,570. The stock’s 50 day moving average price is $273.10 and its 200 day moving average price is $269.80. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $305.41. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $32.39 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.70 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the prior year, the firm earned $3.83 earnings per share. Tractor Supply’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.47%. Tractor Supply’s payout ratio is 42.84%.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the 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 directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the firm’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 transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TSCO shares. UBS Group raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Truist Financial boosted their target price on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Benchmark reaffirmed a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research note on Monday, September 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Tractor Supply in a research note on Thursday, July 25th. Finally, Melius Research assumed coverage on Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $261.70.

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.