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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Crews turn sights to removing debris from ship's deck in Baltimore bridge collapse cleanup
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Crews turn sights to removing debris from ship's deck in Baltimore bridge collapse cleanup
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Crews turn sights to removing debris from ship's deck in Baltimore bridge collapse cleanup
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
NYSE:TNC

Tennant (TNC) Stock Price, News & Analysis

$114.90
+0.17 (+0.15%)
(As of 04/19/2024 ET)
Today's Range
$114.31
$115.58
50-Day Range
$96.64
$122.93
52-Week Range
$64.88
$124.11
Volume
105,263 shs
Average Volume
111,927 shs
Market Capitalization
$2.18 billion
P/E Ratio
19.71
Dividend Yield
0.97%
Price Target
$106.00

Tennant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.7% Downside
$106.00 Price Target
Short Interest
Healthy
2.76% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.76
Upright™ Environmental Score
News Sentiment
0.50mentions of Tennant in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$1.95 M Sold Last Quarter
Proj. Earnings Growth
4.35%
From $6.44 to $6.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.82 out of 5 stars

Industrial Products Sector

52nd out of 159 stocks

Refrigeration & Service Industry Machinery Industry

2nd out of 5 stocks

TNC stock logo

About Tennant Stock (NYSE:TNC)

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. It provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and other environments. The company markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

TNC Stock Price History

TNC Stock News Headlines

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Good with David Tennant
Tennant Company to Host Investor Day on May 13, 2024
Tenant rolls out compact floor-scrubbing robot
TNC Apr 2024 115.000 call
TNC Apr 2024 110.000 call
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Today
4/20/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
CUSIP
88034510
Employees
4,457
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$106.00
High Stock Price Target
$112.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-7.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$109.50 million
Pretax Margin
9.95%

Debt

Sales & Book Value

Annual Sales
$1.24 billion
Cash Flow
$9.36 per share
Book Value
$30.96 per share

Miscellaneous

Free Float
18,512,000
Market Cap
$2.18 billion
Optionable
Optionable
Beta
1.10
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. David W. Huml (Age 55)
    President, CEO & Director
    Comp: $2.79M
  • Ms. Fay West (Age 55)
    Senior VP, CFO & Principal Accounting Officer
    Comp: $1.46M
  • Ms. Kristin A. Erickson (Age 51)
    Senior VP, General Counsel & Corporate Secretary
    Comp: $1.02M
  • Mr. Richard H. ZayMr. Richard H. Zay (Age 53)
    Senior VP & Chief Commercial Officer
    Comp: $1.24M
  • Ms. Barbara A. Balinski (Age 60)
    Senior VP & Chief Transformation Officer
    Comp: $782.63k
  • Mr. Lorenzo Bassi
    VP of Finance & Investor Relations
  • Mr. Jason Peterson
    Global Communications Director
  • Mr. Brock R. Christianson (Age 54)
    Senior VP & Chief Human Resources Officer

TNC Stock Analysis - Frequently Asked Questions

Should I buy or sell Tennant stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TNC shares.
View TNC analyst ratings
or view top-rated stocks.

What is Tennant's stock price target for 2024?

2 brokers have issued 12 month price targets for Tennant's shares. Their TNC share price targets range from $100.00 to $112.00. On average, they predict the company's stock price to reach $106.00 in the next year. This suggests that the stock has a possible downside of 7.7%.
View analysts price targets for TNC
or view top-rated stocks among Wall Street analysts.

How have TNC shares performed in 2024?

Tennant's stock was trading at $92.69 on January 1st, 2024. Since then, TNC shares have increased by 24.0% and is now trading at $114.90.
View the best growth stocks for 2024 here
.

When is Tennant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our TNC earnings forecast
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) announced its quarterly earnings data on Thursday, February, 22nd. The industrial products company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.65. The industrial products company earned $311.40 million during the quarter, compared to the consensus estimate of $309.87 million. Tennant had a trailing twelve-month return on equity of 23.07% and a net margin of 8.81%. Tennant's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $1.46 EPS.

How often does Tennant pay dividends? What is the dividend yield for Tennant?

Tennant declared a quarterly dividend on Tuesday, February 13th. Stockholders of record on Thursday, February 29th will be paid a dividend of $0.28 per share on Friday, March 15th. This represents a $1.12 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, February 28th.
Read our dividend analysis for TNC
.

Is Tennant a good dividend stock?

Tennant (NYSE:TNC) pays an annual dividend of $1.12 per share and currently has a dividend yield of 0.98%. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNC will have a dividend payout ratio of 16.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNC.

What guidance has Tennant issued on next quarter's earnings?

Tennant issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of 6.050-6.650 for the period, compared to the consensus EPS estimate of 6.260. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

What is Chris Killingstad's approval rating as Tennant's CEO?

80 employees have rated Tennant Chief Executive Officer Chris Killingstad on Glassdoor.com. Chris Killingstad has an approval rating of 45% among the company's employees. This puts Chris Killingstad in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Tennant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tennant investors own include Boeing (BA), Exxon Mobil (XOM), Verizon Communications (VZ), 3M (MMM), AT&T (T), Abbott Laboratories (ABT), Johnson & Johnson (JNJ), Medtronic (MDT), McCormick & Company, Incorporated (MKC) and NVIDIA (NVDA).

Who are Tennant's major shareholders?

Tennant's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.36%), State of Alaska Department of Revenue (0.06%), Maryland State Retirement & Pension System (0.04%), Annex Advisory Services LLC (0.03%), Harbour Capital Advisors LLC (0.02%) and Diversified Trust Co (0.01%). Insiders that own company stock include Azita Arvani, Carol E Mcknight, Carol S Eicher, Chris Killingstad, David W Huml, Donal L Mulligan, Kristin A Erickson, Richard H Zay, Richard H Zay and Steven Alan Sonnenberg.
View institutional ownership trends
.

How do I buy shares of Tennant?

Shares of TNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TNC) was last updated on 4/20/2024 by MarketBeat.com Staff

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