Hartford Investment Management Co. Sells 123 Shares of Tractor Supply (NASDAQ:TSCO)

Hartford Investment Management Co. trimmed its position in shares of Tractor Supply (NASDAQ:TSCO) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,789 shares of the specialty retailer’s stock after selling 123 shares during the period. Hartford Investment Management Co.’s holdings in Tractor Supply were worth $1,975,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in shares of Tractor Supply by 527.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after buying an additional 22,279 shares during the period. Ballentine Partners LLC raised its stake in Tractor Supply by 2.1% during the second 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 lifted its holdings in shares of Tractor Supply by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 143,749 shares of the specialty retailer’s stock valued at $37,622,000 after acquiring an additional 4,788 shares during the period. Clearbridge Investments LLC boosted its stake 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 valued at $63,121,000 after purchasing an additional 239,176 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew 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 purchasing an additional 368,859 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 $2,862,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now 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 Securities & Exchange Commission, which is available at this link. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSCO. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a research note on Thursday. Benchmark restated a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research report on Monday. Robert W. Baird set a $320.00 price target on Tractor Supply in a report on Thursday, October 17th. Evercore ISI lowered Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective on the stock. in a research note on Thursday, October 3rd. Finally, Piper Sandler raised their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and an average target price of $272.50.

Tractor Supply Price Performance

TSCO opened at $274.29 on Friday. The company has a fifty day moving average price of $282.05 and a two-hundred day moving average price of $272.89. The firm has a market capitalization of $29.59 billion, a PE ratio of 26.45, a P/E/G ratio of 3.66 and a beta of 0.80. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $307.64. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS 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 business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the firm earned $3.83 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. Tractor Supply’s payout ratio is currently 42.43%.

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.