Northwest Bank & Trust Co Sells 400 Shares of Tractor Supply (NASDAQ:TSCO)

Northwest Bank & Trust Co trimmed its stake in Tractor Supply (NASDAQ:TSCO) by 45.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 472 shares of the specialty retailer’s stock after selling 400 shares during the period. Northwest Bank & Trust Co’s holdings in Tractor Supply were worth $137,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TSCO. 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 valued at $1,890,000 after buying an additional 38 shares in the last quarter. X Square Capital LLC grew its holdings in shares of Tractor Supply by 1.6% during the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after purchasing an additional 41 shares during the period. Eads & Heald Wealth Management grew its holdings in shares of Tractor Supply by 0.6% during the 2nd 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. Whittier Trust Co. grew its holdings in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in Tractor Supply by 1.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,464 shares of the specialty retailer’s stock worth $935,000 after acquiring an additional 42 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Transactions at Tractor Supply

In related 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore ISI lowered Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a research report on Thursday, October 3rd. Benchmark reaffirmed a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research report on Monday, September 30th. Truist Financial increased their price target on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a research report on Thursday, July 25th. Finally, Wedbush reissued a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned 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 a consensus price target of $261.70.

Tractor Supply Trading Down 0.3 %

Shares of NASDAQ:TSCO traded down $0.86 during midday trading on Thursday, reaching $300.10. The company’s stock had a trading volume of 149,274 shares, compared to its average volume of 1,054,091. The business has a 50 day moving average price of $273.85 and a 200 day moving average price of $270.02. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $305.99. 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 firm has a market cap of $32.37 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 3.70 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the firm posted $3.83 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. Research analysts forecast that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

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

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.