First Commonwealth Financial Corp PA Buys 213 Shares of Tractor Supply (NASDAQ:TSCO)

First Commonwealth Financial Corp PA boosted its position in shares of Tractor Supply (NASDAQ:TSCO) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,263 shares of the specialty retailer’s stock after purchasing an additional 213 shares during the period. First Commonwealth Financial Corp PA’s holdings in Tractor Supply were worth $949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSCO. Henrickson Nauta Wealth Advisors Inc. raised its position in shares of Tractor Supply by 3.2% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 35 shares during the period. Private Advisor Group LLC raised its holdings in Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after purchasing an additional 37 shares during the period. Signature Wealth Management Group boosted its position in Tractor Supply by 0.5% during the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after purchasing an additional 38 shares in the last quarter. Baldwin Investment Management LLC grew its holdings in Tractor Supply by 0.3% in the third quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer’s stock valued at $3,317,000 after purchasing an additional 38 shares during the period. Finally, X Square Capital LLC increased its position in shares of Tractor Supply by 1.6% in the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after buying an additional 41 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of research analyst reports. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Wedbush reissued a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research note on Friday, October 25th. Loop Capital raised their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Benchmark lifted their price objective on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Mizuho boosted their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $282.59.

Tractor Supply Trading Up 1.0 %

NASDAQ:TSCO traded up $2.87 on Wednesday, reaching $283.06. 20,234 shares of the company’s stock were exchanged, compared to its average volume of 1,047,596. The firm has a market capitalization of $30.24 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 3.59 and a beta of 0.82. Tractor Supply has a 52-week low of $197.00 and a 52-week high of $307.64. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $284.23 and a 200-day moving average of $275.68.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.55%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

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.