WCM Investment Management LLC Acquires 1,558 Shares of Tractor Supply (NASDAQ:TSCO)

WCM Investment Management LLC increased its holdings in Tractor Supply (NASDAQ:TSCO) by 32.1% in the third quarter, HoldingsChannel reports. The firm owned 6,408 shares of the specialty retailer’s stock after purchasing an additional 1,558 shares during the period. WCM Investment Management LLC’s holdings in Tractor Supply were worth $1,834,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake 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 valued at $7,155,000 after acquiring an additional 22,279 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of Tractor Supply by 2.1% in the second quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after buying an additional 93 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Tractor Supply by 11,952.8% during the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after buying an additional 239,176 shares during the period. Silvant Capital Management LLC grew its stake in Tractor Supply by 20.9% in the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after buying an additional 2,556 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in 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 valued at $871,691,000 after buying an additional 368,859 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Down 2.4 %

Shares of Tractor Supply stock opened at $281.57 on Tuesday. Tractor Supply has a 12 month low of $193.73 and a 12 month high of $307.64. The business has a fifty day simple moving average of $283.77 and a 200 day simple moving average of $275.24. 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 stock has a market cap of $30.37 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 3.62 and a beta of 0.82.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Benchmark upped their price target on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, October 28th. Loop Capital raised their target price on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. Gordon Haskett lowered Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Mizuho raised their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Wedbush restated a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $282.82.

About Tractor Supply

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.