Representative Susie Lee (D-Nevada) recently sold shares of Tennant (NYSE:TNC). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Tennant stock on March 14th. The trade occurred in the Representative's "SUZANNE K LEE TRUST > FIDELITY BROKERAGE 402" account.
Representative Susie Lee also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Full House Resorts NASDAQ: FLL on 3/28/2025.
- Sold $15,001 - $50,000 in shares of Full House Resorts NASDAQ: FLL on 3/20/2025.
- Sold $1,001 - $15,000 in shares of MGM Resorts International NYSE: MGM on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Wynn Resorts NASDAQ: WYNN on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Century Casinos NASDAQ: CNTY on 3/14/2025.
- Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Golden Entertainment NASDAQ: GDEN on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Carnival Co. & NYSE: CCL on 3/14/2025.
Tennant Trading Up 0.0 %
NYSE:TNC traded up $0.00 during trading hours on Friday, hitting $69.87. The stock had a trading volume of 141,160 shares, compared to its average volume of 140,175. The business's 50 day moving average is $80.83 and its 200-day moving average is $84.59. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 15.95 and a beta of 0.97. Tennant has a one year low of $67.80 and a one year high of $119.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 1.97.
Tennant (NYSE:TNC - Get Free Report) last posted its earnings results on Monday, February 17th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.13. The firm had revenue of $328.90 million during the quarter, compared to analysts' expectations of $324.00 million. Tennant had a return on equity of 19.98% and a net margin of 6.51%. Sell-side analysts anticipate that Tennant will post 5.89 EPS for the current fiscal year.
Tennant declared that its Board of Directors has initiated a share buyback plan on Thursday, February 13th that permits the company to buyback 2,000,000 shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.
Tennant Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.295 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.18 dividend on an annualized basis and a yield of 1.69%. Tennant's dividend payout ratio is presently 26.94%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Tennant from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th.
Read Our Latest Research Report on TNC
Insider Buying and Selling
In other Tennant news, SVP Barb Balinski sold 1,717 shares of Tennant stock in a transaction on Friday, February 28th. The shares were sold at an average price of $86.42, for a total value of $148,383.14. Following the sale, the senior vice president now directly owns 11,829 shares in the company, valued at approximately $1,022,262.18. The trade was a 12.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard H. Zay sold 7,053 shares of Tennant stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $87.58, for a total value of $617,701.74. Following the completion of the sale, the insider now directly owns 25,770 shares in the company, valued at approximately $2,256,936.60. This represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Tennant
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Tennant by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,394,271 shares of the industrial products company's stock worth $195,205,000 after buying an additional 12,422 shares during the period. Dimensional Fund Advisors LP boosted its position in Tennant by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 597,181 shares of the industrial products company's stock worth $48,688,000 after acquiring an additional 9,920 shares during the last quarter. Millennium Management LLC boosted its position in Tennant by 143.6% during the 4th quarter. Millennium Management LLC now owns 462,838 shares of the industrial products company's stock worth $37,735,000 after acquiring an additional 272,858 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Tennant by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 436,933 shares of the industrial products company's stock worth $41,971,000 after acquiring an additional 5,862 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Tennant by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 259,009 shares of the industrial products company's stock worth $21,117,000 after purchasing an additional 5,890 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company's stock.
About Representative Lee
Susie Lee (Democratic Party) is a member of the U.S. House, representing Nevada's 3rd Congressional District. She assumed office on January 3, 2019. Her current term ends on January 3, 2027.
Lee (Democratic Party) is running for re-election to the U.S. House to represent Nevada's 3rd Congressional District. She declared candidacy for the 2026 election.
Susie Lee attended Carnegie Mellon University in Pittsburgh and graduated with honors, earning a master’s degree in public management. After college, she worked in Massachusetts at an environmental and economic consulting firm that specialized in water resource issues. She moved to Las Vegas, Nevada, in 1993, where she then worked as a campaign policy advisor to Las Vegas Mayor Jan Laverty Jones and founded a homeless shelter for parents and children in need. In 2010, she became the president of the board of Communities In Schools of Nevada (CIS), a program that seeks to lower high school dropout rates. Lee has served on several other boards and committees in the Las Vegas area.
Tennant Company Profile
(
Get Free Report)
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.
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