Pinnacle Financial Partners Inc Has $329,000 Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Pinnacle Financial Partners Inc grew its stake in Tractor Supply (NASDAQ:TSCO) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,131 shares of the specialty retailer’s stock after purchasing an additional 47 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Tractor Supply were worth $329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TSCO. Russell Investments Group Ltd. increased its stake in shares of Tractor Supply by 8.8% in the 1st quarter. Russell Investments Group Ltd. now owns 47,517 shares of the specialty retailer’s stock valued at $12,428,000 after acquiring an additional 3,850 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Tractor Supply by 5.2% in the first quarter. Kingsview Wealth Management LLC now owns 10,218 shares of the specialty retailer’s stock valued at $2,674,000 after purchasing an additional 507 shares in the last quarter. M&G Plc acquired a new stake in Tractor Supply in the first quarter worth $21,327,000. Westfield Capital Management Co. LP boosted its position in shares of Tractor Supply by 24.3% during the first quarter. Westfield Capital Management Co. LP now owns 27,364 shares of the specialty retailer’s stock worth $7,162,000 after purchasing an additional 5,349 shares in the last quarter. Finally, TIAA Trust National Association grew its holdings in shares of Tractor Supply by 13.3% in the 1st quarter. TIAA Trust National Association now owns 2,977 shares of the specialty retailer’s stock valued at $779,000 after buying an additional 349 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Insider Activity at Tractor Supply

In related 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 owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wedbush reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Raymond James lifted their price objective on Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a research note on Thursday, October 24th. Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $282.82.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $277.08 on Friday. The firm has a market capitalization of $29.60 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 3.50 and a beta of 0.82. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average price is $284.23 and its two-hundred day moving average price is $275.32. Tractor Supply has a 1 year low of $193.73 and a 1 year high of $307.64.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued 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 1.59%. Tractor Supply’s payout ratio is 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.