NYSE:TNC Tennant (TNC) Stock Forecast, Price & News $75.21 -2.14 (-2.77%) (As of 06/5/2023 ET) Add Compare Share Share Today's Range$74.69▼$76.9850-Day Range$64.99▼$80.1352-Week Range$54.90▼$80.52Volume78,991 shsAverage Volume81,905 shsMarket Capitalization$1.39 billionP/E Ratio17.53Dividend Yield1.41%Price Target$98.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Tennant MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside30.3% Upside$98.00 Price TargetShort InterestHealthy1.73% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-1.76Upright™ Environmental ScoreNews Sentiment0.18Based on 7 Articles This WeekInsider TradingSelling Shares$956,555 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.75 out of 5 starsIndustrial Products Sector14th out of 174 stocksRefrigeration & Service Industry Machinery Industry1st out of 5 stocks 3.5 Analyst's Opinion Consensus RatingTennant has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $98.00, Tennant has a forecasted upside of 30.3% from its current price of $75.21.Amount of Analyst CoverageTennant has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.73% of the float of Tennant has been sold short.Short Interest Ratio / Days to CoverTennant has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tennant has recently decreased by 18.51%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldTennant pays a meaningful dividend of 1.37%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTennant has been increasing its dividend for 50 years.Dividend CoverageThe dividend payout ratio of Tennant is 24.71%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next 2.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTennant has received a 17.36% net impact score from Upright. Tennant seems to create the most significant positive value in categories "Jobs", "Taxes", and "Physical diseases". The positive contribution in the "Physical diseases" impact category is mostly driven by its "Surface cleaning machines", "Cyclonic vacuum cleaners", and "Upright vacuum cleaners" products. See details.Environmental SustainabilityThe Environmental Impact score for Tennant is -1.76. Previous Next 2.3 News and Social Media Coverage News SentimentTennant has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Tennant this week, compared to 4 articles on an average week.Search Interest3 people have searched for TNC on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added Tennant to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tennant insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $956,555.00 in company stock.Percentage Held by InsidersOnly 2.60% of the stock of Tennant is held by insiders.Percentage Held by Institutions88.51% of the stock of Tennant is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Tennant is 17.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.30.Price to Earnings Ratio vs. SectorThe P/E ratio of Tennant is 17.53, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.00.Price to Book Value per Share RatioTennant has a P/B Ratio of 2.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tennant (NYSE:TNC) StockTennant Co. engages in the design, manufacture, and marketing of cleaning solutions. Its products include equipment for maintaining surfaces in industrial, commercial, and outdoor environments, detergent-free and other sustainable cleaning technologies, cleaning tools and supplies, and coatings for protecting, repairing and upgrading surfaces. It operates through the following geographic segments: North America, Latin America, Europe, Middle East, Africa and Asia Pacific. The company was founded by George Henry Tennant in 1870 and is headquartered in Eden Prairie, MN.Read More Receive TNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tennant and its competitors with MarketBeat's FREE daily newsletter. Email Address TNC Stock News HeadlinesJune 2, 2023 | msn.comGood Omens: Why Season 2's New Opening Could Reveal A Lot About David Tennant And Michael Sheen's ReturnsJune 1, 2023 | americanbankingnews.comCarol E. Mcknight Sells 4,445 Shares of Tennant (NYSE:TNC) StockJune 6, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 31, 2023 | benzinga.comFormer at Tennant Exercises Options Worth $1.50MMay 30, 2023 | msn.comChild flown to Adelaide hospital after alleged assault in Tennant CreekMay 29, 2023 | americanbankingnews.comTennant Announces Quarterly Dividend of $0.27 (NYSE:TNC)May 24, 2023 | news.yahoo.comGood Omens' Neil Gaiman defends casting David Tennant's father-in-law and sonMay 24, 2023 | seekingalpha.comTennant Company: Should Shine Bright With Its Attractive ProspectsJune 6, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 21, 2023 | finance.yahoo.comTennant (NYSE:TNC) Is Doing The Right Things To Multiply Its Share PriceMay 18, 2023 | finance.yahoo.comTennant Company Announces Winner of $15,000 Custodians Are Key PrizeMay 18, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Tennant (NYSE:TNC)May 16, 2023 | yahoo.comThe Witcher and Call the Midwife stars join Danny Dyer and David Tennant's Disney+ dramaMay 16, 2023 | news.yahoo.comAI could help musicians overcome writer's block, says Pet Shop Boys' Neil TennantMay 16, 2023 | msn.comDavid Tennant, Catherine Tate reunite in new Doctor Who special trailerMay 16, 2023 | ca.finance.yahoo.comCush Jumbo joins David Tennant in the Donmar Warehouse’s Macbeth in autumn 2023May 16, 2023 | msn.comAI can help solve writer’s block, claims Pet Shop Boys’ Neil TennantMay 16, 2023 | theguardian.comAI songwriting is not a sin, says Neil Tennant of Pet Shop BoysMay 15, 2023 | theguardian.comCush Jumbo to join David Tennant in Macbeth at London’s Donmar WarehouseMay 15, 2023 | msn.comBarkly residents come from far and wide to celebrate at Tennant Creek's Two Cup RacesMay 15, 2023 | msn.comDavid Tennant Returns in Trailer for ‘Doctor Who’ 60th Anniversary Specials (Video)May 15, 2023 | uk.news.yahoo.comDavid Tennant and Catherine Tate joke about never winning Bafta while presenting awardMay 15, 2023 | yahoo.comJilly Cooper’s ‘Rivals’: Power Packed British Cast Join David Tennant, Alex Hassell, Aidan Turner and Danny Dyer on Disney+ Show (EXCLUSIVE)May 14, 2023 | msn.comDavid Tennant Returns To ‘Doctor Who’ In Explosive New TrailerMay 13, 2023 | yahoo.comDavid Tennant Returns in Trailer for ‘Doctor Who’ 60th Anniversary SpecialsMay 13, 2023 | msn.comDavid Tennant Returns as Doctor Who in New TrailerMay 13, 2023 | msn.comDavid Tennant Reprises Role in New ‘Doctor Who’ TrailerSee More Headlines TNC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TNC Company Calendar Ex-Dividend for 3/15 Dividend3/02/2023Dividend Payable3/15/2023Last Earnings4/28/2023Ex-Dividend for 6/15 Dividend5/30/2023Today6/05/2023Dividend Payable6/15/2023Next Earnings (Estimated)8/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Refrigeration & service industry machinery Sub-IndustryIndustrial Machinery SectorIndustrial Products Current SymbolNYSE:TNC CUSIP88034510 CIK97134 Webwww.tennantco.com Phone(763) 540-1200Fax763-513-2142Employees4,299Year FoundedN/APrice Target and Rating Average Stock Price Forecast$98.00 High Stock Price Forecast$98.00 Low Stock Price Forecast$98.00 Forecasted Upside/Downside+30.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$4.29 Trailing P/E Ratio17.53 Forward P/E Ratio18.34 P/E GrowthN/ANet Income$66.30 million Net Margins7.04% Pretax Margin8.49% Return on Equity19.69% Return on Assets8.53% Debt Debt-to-Equity Ratio0.60 Current Ratio2.27 Quick Ratio1.48 Sales & Book Value Annual Sales$1.09 billion Price / Sales1.27 Cash Flow$6.55 per share Price / Cash Flow11.49 Book Value$25.39 per share Price / Book2.96Miscellaneous Outstanding Shares18,510,000Free Float18,029,000Market Cap$1.39 billion OptionableOptionable Beta1.09 Key ExecutivesDavid W. HumlPresident, Chief Executive Officer & DirectorFay WestChief Financial Officer & Senior VPBarb BalinskiSenior Vice President-Innovation & TechnologyRichard H. ZayChief Commercial Officer & Senior Vice PresidentCarol E. McKnightChief Administrative Officer & Senior VPKey CompetitorsStandex InternationalNYSE:SXIH&E Equipment ServicesNASDAQ:HEESNapco Security TechnologiesNASDAQ:NSSCEnergy RecoveryNASDAQ:ERIILindsayNYSE:LNNView All CompetitorsInsiders & InstitutionsCarol E McknightSold 4,445 sharesTotal: $336,664.30 ($75.74/share)Carol E McknightSold 3,832 sharesTotal: $297,248.24 ($77.57/share)Toroso Investments LLCBought 2,946 shares on 5/23/2023Ownership: 0.016%Ameriprise Financial Inc.Sold 2,362 shares on 5/22/2023Ownership: 0.568%JPMorgan Chase & Co.Bought 9,024 shares on 5/18/2023Ownership: 0.164%View All Insider TransactionsView All Institutional Transactions TNC Stock - Frequently Asked Questions Should I buy or sell Tennant stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TNC shares. View TNC analyst ratings or view top-rated stocks. What is Tennant's stock price forecast for 2023? 1 brokers have issued 12 month target prices for Tennant's stock. Their TNC share price forecasts range from $98.00 to $98.00. On average, they predict the company's stock price to reach $98.00 in the next year. This suggests a possible upside of 30.3% 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 at the beginning of the year. Since then, TNC stock has increased by 22.2% and is now trading at $75.21. View the best growth stocks for 2023 here. Are investors shorting Tennant? Tennant saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 316,000 shares, a decrease of 18.5% from the April 30th total of 387,800 shares. Based on an average daily volume of 93,200 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.7% of the shares of the stock are short sold. View Tennant's Short Interest. When is Tennant's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023. View our TNC earnings forecast. How were Tennant's earnings last quarter? Tennant (NYSE:TNC) issued its earnings results on Friday, April, 28th. The industrial products company reported $1.45 EPS for the quarter, topping the consensus estimate of $0.84 by $0.61. The industrial products company earned $305.80 million during the quarter, compared to analyst estimates of $272.53 million. Tennant had a trailing twelve-month return on equity of 19.69% and a net margin of 7.04%. Tennant's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. How often does Tennant pay dividends? What is the dividend yield for Tennant? Tennant announced a quarterly dividend on Tuesday, April 25th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.265 per share on Thursday, June 15th. This represents a $1.06 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, May 30th. Read our dividend analysis for TNC. What ETFs hold Tennant's stock? ETFs with the largest weight of Tennant (NYSE:TNC) stock in their portfolio include VanEck Environmental Services ETF (EVX), Gabelli Automation ETF (GAST), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Industrials ETF (PSCI), Small Cap US Equity Select ETF (RNSC), iShares S&P Small-Cap 600 Value ETF (IJS), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF). Is Tennant a good dividend stock? Tennant (NYSE:TNC) pays an annual dividend of $1.06 per share and currently has a dividend yield of 1.37%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.71%. 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 updated its FY 2023 earnings guidance on Friday, April, 28th. The company provided earnings per share (EPS) guidance of $3.70-$4.50 for the period, compared to the consensus EPS estimate of $4.27. The company issued revenue guidance of $1.11 billion-$1.16 billion, compared to the consensus revenue estimate of $1.14 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). What is Tennant's stock symbol? Tennant trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNC." Who are Tennant's major shareholders? Tennant's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.15%), ArrowMark Colorado Holdings LLC (8.58%), Clearbridge Investments LLC (4.59%), P2 Capital Partners LLC (3.84%), State Street Corp (3.81%) and Thrivent Financial for Lutherans (3.31%). Insiders that own company stock include Azita Arvani, Carol E Mcknight, Carol S Eicher, Chris Killingstad, David S Wichmann, David W Huml, Donal L Mulligan, 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. What is Tennant's stock price today? One share of TNC stock can currently be purchased for approximately $75.21. How much money does Tennant make? Tennant (NYSE:TNC) has a market capitalization of $1.39 billion and generates $1.09 billion in revenue each year. The industrial products company earns $66.30 million in net income (profit) each year or $4.29 on an earnings per share basis. How many employees does Tennant have? The company employs 4,299 workers across the globe. How can I contact Tennant? Tennant's mailing address is 701 NORTH LILAC DRIVE PO BOX 1452, MINNEAPOLIS MN, 55440. The official website for the company is www.tennantco.com. The industrial products company can be reached via phone at (763) 540-1200, via email at william.prate@tennantco.com, or via fax at 763-513-2142. This page (NYSE:TNC) was last updated on 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tennant Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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