Keybank National Association OH reduced its stake in Tractor Supply (NASDAQ:TSCO) by 63.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,943 shares of the specialty retailer’s stock after selling 12,307 shares during the period. Keybank National Association OH’s holdings in Tractor Supply were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in TSCO. Dimensional Fund Advisors LP grew its stake in shares of Tractor Supply by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 513,263 shares of the specialty retailer’s stock valued at $27,821,000 after purchasing an additional 27,950 shares during the period. Shell Asset Management Co. grew its stake in shares of Tractor Supply by 24.0% in the 3rd quarter. Shell Asset Management Co. now owns 19,461 shares of the specialty retailer’s stock valued at $1,197,000 after purchasing an additional 3,766 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Tractor Supply by 4.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,672 shares of the specialty retailer’s stock valued at $1,751,000 after purchasing an additional 1,069 shares during the period. APG Asset Management N.V. grew its stake in shares of Tractor Supply by 7.7% in the 3rd quarter. APG Asset Management N.V. now owns 211,481 shares of the specialty retailer’s stock valued at $13,385,000 after purchasing an additional 15,100 shares during the period. Finally, Strs Ohio grew its stake in shares of Tractor Supply by 248.4% in the 3rd quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock valued at $368,000 after purchasing an additional 4,148 shares during the period. Institutional investors own 87.83% of the company’s stock.
Tractor Supply (NASDAQ TSCO) opened at $65.86 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. The firm has a market capitalization of $8,270.00, a price-to-earnings ratio of 19.72, a PEG ratio of 1.21 and a beta of 1.17. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is currently 32.34%.
A number of research firms recently commented on TSCO. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research report on Thursday, February 1st. Zacks Investment Research lowered Tractor Supply from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Telsey Advisory Group lowered Tractor Supply from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $62.00 to $83.00 in a research report on Thursday, January 25th. They noted that the move was a valuation call. BidaskClub lowered Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Finally, Wolfe Research upgraded Tractor Supply from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $73.35.
In other news, Director Edna Morris sold 1,054 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the transaction, the director now owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
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Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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