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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
How major US stock indexes fared Friday, 12/8/2023
MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
How major US stock indexes fared Friday, 12/8/2023
MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
How major US stock indexes fared Friday, 12/8/2023
MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What is carbon capture and why does it keep coming up at COP28?
Polish truck drivers are blocking the border with Ukraine. It's hurting on the battlefield

Tennant Stock Price, News & Analysis (NYSE:TNC)

$86.99
+0.04 (+0.05%)
(As of 12/8/2023 ET)
Compare
Today's Range
$86.09
$87.23
50-Day Range
$73.22
$88.03
52-Week Range
$58.59
$89.53
Volume
168,986 shs
Average Volume
135,621 shs
Market Capitalization
$1.62 billion
P/E Ratio
15.93
Dividend Yield
1.29%
Price Target
$99.00

Tennant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.8% Upside
$99.00 Price Target
Short Interest
Healthy
2.07% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.76
Upright™ Environmental Score
News Sentiment
0.49mentions of Tennant in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$208,404 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Industrial Products Sector

63rd out of 176 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 also 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, IRIS, IPC, VLX, 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, parking lots and streets, and other environments. It 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

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Tennant Minerals talks high-grade Bluebird copper-gold discovery
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Last Earnings
10/31/2023
Ex-Dividend for 12/15 Dividend
11/29/2023
Today
12/09/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
CUSIP
88034510
Employees
4,299
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$99.00
High Stock Price Target
$100.00
Low Stock Price Target
$98.00
Potential Upside/Downside
+13.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$66.30 million
Pretax Margin
10.34%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$6.74 per share
Book Value
$25.39 per share

Miscellaneous

Free Float
18,194,000
Market Cap
$1.62 billion
Optionable
Optionable
Beta
1.09
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

  • Mr. David W. Huml (Age 54)
    President, CEO & Director
    Comp: $1.45M
  • Ms. Fay West (Age 54)
    Senior VP, CFO & Principal Accounting Officer
    Comp: $853.36k
  • Ms. Kristin A. Erickson (Age 50)
    Senior VP, General Counsel & Corporate Secretary
    Comp: $519.98k
  • Mr. Richard H. ZayMr. Richard H. Zay (Age 52)
    Senior VP & Chief Commercial Officer
    Comp: $818.33k
  • Ms. Barbara A. Balinski (Age 59)
    Senior Vice President of Innovation & Technology
  • Mr. Lorenzo Bassi
    VP of Finance & Investor Relations
  • Mr. Jason Peterson
    Global Communications Director
  • Mr. Brock Christianson
    Senior VP & Chief Human Resources Officer














TNC Stock Analysis - Frequently Asked Questions

Should I buy or sell Tennant stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research 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 Wall Street analysts have issued 1 year price objectives for Tennant's shares. Their TNC share price targets range from $98.00 to $100.00. On average, they expect the company's stock price to reach $99.00 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
View analysts price targets for TNC
or view top-rated stocks among Wall Street analysts.

How have TNC shares performed in 2023?

Tennant's stock was trading at $61.57 on January 1st, 2023. Since then, TNC stock has increased by 41.3% and is now trading at $86.99.
View the best growth stocks for 2023 here
.

Are investors shorting Tennant?

Tennant saw a increase in short interest in November. As of November 15th, there was short interest totaling 383,000 shares, an increase of 27.0% from the October 31st total of 301,500 shares. Based on an average daily trading volume, of 110,300 shares, the short-interest ratio is currently 3.5 days. Approximately 2.1% of the company's shares are sold short.
View Tennant's Short Interest
.

When is Tennant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our TNC earnings forecast
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) announced its quarterly earnings results on Tuesday, October, 31st. The industrial products company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.19. The industrial products company earned $304.70 million during the quarter, compared to the consensus estimate of $296.60 million. Tennant had a trailing twelve-month return on equity of 22.50% and a net margin of 8.36%. Tennant's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share.

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

Tennant declared a quarterly dividend on Monday, October 30th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.28 per share on Friday, December 15th. This represents a $1.12 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from the stock's previous quarterly dividend of $0.27.
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 1.29%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 20.51%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TNC.

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

Tennant issued an update on its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share (EPS) guidance of $5.70-$6.10 for the period, compared to the consensus estimate of $5.58. The company issued revenue guidance of $1.23 billion-$1.25 billion, compared to the consensus revenue estimate of $1.23 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 many different institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (4.50%), Gamco Investors INC. ET AL (2.67%), Assenagon Asset Management S.A. (1.63%), Morgan Stanley (1.55%), Charles Schwab Investment Management Inc. (1.21%) and Bank of New York Mellon Corp (1.11%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:TNC) was last updated on 12/9/2023 by MarketBeat.com Staff

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