Teacher Retirement System of Texas Has $5.06 Million Stock Position in Tennant Company (NYSE:TNC)

Teacher Retirement System of Texas increased its position in Tennant Company (NYSE:TNC - Free Report) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,391 shares of the industrial products company's stock after acquiring an additional 4,182 shares during the period. Teacher Retirement System of Texas owned approximately 0.34% of Tennant worth $5,055,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Tennant by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,394,271 shares of the industrial products company's stock valued at $195,205,000 after buying an additional 12,422 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Tennant by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 597,181 shares of the industrial products company's stock valued at $48,688,000 after buying an additional 9,920 shares in the last quarter. Millennium Management LLC grew its position in Tennant by 143.6% in the 4th quarter. Millennium Management LLC now owns 462,838 shares of the industrial products company's stock valued at $37,735,000 after buying an additional 272,858 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Tennant by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 259,009 shares of the industrial products company's stock valued at $21,117,000 after buying an additional 5,890 shares in the last quarter. Finally, Northern Trust Corp grew its position in Tennant by 21.8% in the 4th quarter. Northern Trust Corp now owns 227,754 shares of the industrial products company's stock valued at $18,569,000 after buying an additional 40,729 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company's stock.

Tennant Price Performance

TNC traded up $0.50 on Tuesday, reaching $81.43. The company had a trading volume of 132,120 shares, compared to its average volume of 164,604. Tennant Company has a one year low of $67.32 and a one year high of $110.45. The company has a current ratio of 2.14, a quick ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $75.19 and a 200-day moving average of $79.18. The company has a market capitalization of $1.52 billion, a P/E ratio of 22.75 and a beta of 1.05.

Tennant (NYSE:TNC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.26). Tennant had a net margin of 5.40% and a return on equity of 17.76%. The business had revenue of $290.00 million for the quarter, compared to the consensus estimate of $296.63 million. During the same quarter last year, the business posted $1.49 EPS. The business's revenue for the quarter was down 6.8% on a year-over-year basis. As a group, equities research analysts anticipate that Tennant Company will post 5.89 earnings per share for the current year.

Tennant Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.18 annualized dividend and a dividend yield of 1.45%. Tennant's dividend payout ratio (DPR) is 32.96%.

Tennant Company Profile

Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions.