SteelPeak Wealth LLC Buys 359 Shares of Tractor Supply (NASDAQ:TSCO)

SteelPeak Wealth LLC grew its stake in Tractor Supply (NASDAQ:TSCO) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,927 shares of the specialty retailer’s stock after purchasing an additional 359 shares during the period. SteelPeak Wealth LLC’s holdings in Tractor Supply were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its holdings in shares of Tractor Supply by 527.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after acquiring an additional 22,279 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Tractor Supply by 2.1% in the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after acquiring an additional 93 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Tractor Supply by 3.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 143,749 shares of the specialty retailer’s stock worth $37,622,000 after acquiring an additional 4,788 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Tractor Supply by 11,952.8% in the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after acquiring an additional 239,176 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $871,691,000 after acquiring an additional 368,859 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Matthew L. Rubin sold 540 shares of the 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 completion of the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Tractor Supply Price Performance

TSCO opened at $267.94 on Thursday. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 12 month low of $188.07 and a 12 month high of $307.64. The company has a fifty day simple moving average of $282.47 and a 200 day simple moving average of $273.60. The stock has a market cap of $28.90 billion, a P/E ratio of 26.06, a P/E/G ratio of 3.42 and a beta of 0.80.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Analyst Ratings Changes

Several research analysts have recently commented on TSCO shares. Barclays boosted their target price on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 target price on shares of Tractor Supply in a report on Thursday, October 24th. Piper Sandler upped their price objective on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Wedbush reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a report on Friday, October 25th. Finally, Loop Capital upped their price objective on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Two 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, Tractor Supply presently has an average rating of “Hold” and a consensus target price of $279.00.

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.