Eads & Heald Wealth Management Has $2 Million Stake in Tractor Supply (NASDAQ:TSCO)

Eads & Heald Wealth Management lowered its stake in Tractor Supply (NASDAQ:TSCO) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,880 shares of the specialty retailer’s stock after selling 160 shares during the period. Eads & Heald Wealth Management’s holdings in Tractor Supply were worth $2,002,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TSCO. Stephens Inc. AR lifted its holdings in Tractor Supply by 7.4% in the 3rd quarter. Stephens Inc. AR now owns 33,750 shares of the specialty retailer’s stock worth $9,819,000 after purchasing an additional 2,323 shares during the last quarter. Lincluden Management Ltd. raised its position in shares of Tractor Supply by 1.3% in the third quarter. Lincluden Management Ltd. now owns 12,526 shares of the specialty retailer’s stock valued at $3,644,000 after purchasing an additional 164 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of Tractor Supply by 1.5% in the third quarter. Stephens Investment Management Group LLC now owns 155,988 shares of the specialty retailer’s stock worth $45,382,000 after buying an additional 2,376 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of Tractor Supply by 4.1% during the 3rd quarter. Congress Asset Management Co. now owns 179,458 shares of the specialty retailer’s stock worth $52,210,000 after buying an additional 7,110 shares during the period. Finally, Palumbo Wealth Management LLC grew its stake in Tractor Supply by 3.1% in the 3rd quarter. Palumbo Wealth Management LLC now owns 6,954 shares of the specialty retailer’s stock valued at $2,023,000 after buying an additional 209 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.4 %

TSCO opened at $266.57 on Friday. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The firm’s 50-day simple moving average is $282.42 and its 200-day simple moving average is $273.71. Tractor Supply has a twelve month low of $191.38 and a twelve month high of $307.64.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.65%. Tractor Supply’s dividend payout ratio is 42.80%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s 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 transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of research analyst reports. Mizuho boosted their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research report on Thursday, October 17th. UBS Group upped their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Gordon Haskett lowered shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $282.82.

Tractor Supply Company 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.