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

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

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.

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.

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 Industrials ETF (PSCI), Small Cap US Equity Select ETF (RNSC), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).VictoryShares US Small Cap Volatility Wtd (CSA).

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.

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.

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).

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.
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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.
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