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S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Wall Street inches lower as retailers post holiday numbers
Detecting Cancer in Mere Seconds: Early Investment Opportunity (Ad)
Closing prices for crude oil, gold and other commodities
Ohio foundation begins process to distribute millions in opioid settlement money
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Wall Street inches lower as retailers post holiday numbers
Detecting Cancer in Mere Seconds: Early Investment Opportunity (Ad)
Closing prices for crude oil, gold and other commodities
Ohio foundation begins process to distribute millions in opioid settlement money
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Wall Street inches lower as retailers post holiday numbers
Detecting Cancer in Mere Seconds: Early Investment Opportunity (Ad)
Closing prices for crude oil, gold and other commodities
Ohio foundation begins process to distribute millions in opioid settlement money
NYSE:TNC

Tennant (TNC) Stock Price, News & Analysis

$110.30
-0.51 (-0.46%)
(As of 03/4/2024 ET)
Today's Range
$109.92
$113.30
50-Day Range
$86.93
$114.68
52-Week Range
$63.30
$117.00
Volume
234,752 shs
Average Volume
180,970 shs
Market Capitalization
$2.05 billion
P/E Ratio
18.92
Dividend Yield
1.02%
Price Target
$106.00

Tennant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
3.9% Downside
$106.00 Price Target
Short Interest
Healthy
2.71% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.76
Upright™ Environmental Score
News Sentiment
0.02mentions of Tennant in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.89 M Sold Last Quarter
Proj. Earnings Growth
N/A

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.

3.09 out of 5 stars

Industrial Products Sector

72nd out of 175 stocks

Refrigeration & Service Industry Machinery Industry

1st 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

TNC Mar 2024 100.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Tennant (NYSE:TNC) Insider Richard H. Zay Sells 14,743 Shares
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Tennant Full Year 2023 Earnings: EPS Beats Expectations
Q4 2023 Tennant Co Earnings Call
Tennant Partners With Brain Corp To Develop AI Robotic Cleaning
Tennant: Q4 Earnings Insights
4TNC : Tennant Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 12/15 Dividend
11/29/2023
Dividend Payable
12/15/2023
Last Earnings
2/22/2024
Ex-Dividend for 3/15 Dividend
2/28/2024
Today
3/05/2024
Dividend Payable
3/15/2024
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
-3.9%
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
$9.30 per share
Book Value
$30.96 per share

Miscellaneous

Free Float
18,136,000
Market Cap
$2.05 billion
Optionable
Optionable
Beta
1.09
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Key Executives

  • Mr. David W. Huml (Age 55)
    President, CEO & Director
    Comp: $1.45M
  • Ms. Fay West (Age 55)
    Senior VP, CFO & Principal Accounting Officer
    Comp: $853.36k
  • Ms. Kristin A. Erickson (Age 51)
    Senior VP, General Counsel & Corporate Secretary
    Comp: $519.98k
  • Mr. Richard H. ZayMr. Richard H. Zay (Age 53)
    Senior VP & Chief Commercial Officer
    Comp: $818.33k
  • Ms. Barbara A. Balinski (Age 60)
    Senior Vice President of Innovation & Technology
  • Mr. Lorenzo Bassi
    VP of Finance & Investor Relations
  • Mr. Jason Peterson
    Global Communications Director
  • Mr. Brock R. 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 equities research 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 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 target for 2024?

2 Wall Street research analysts have issued twelve-month price objectives for Tennant's stock. Their TNC share price targets range from $100.00 to $112.00. On average, they anticipate the company's share price to reach $106.00 in the next year. This suggests that the stock has a possible downside of 3.9%.
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 stock has increased by 19.0% and is now trading at $110.30.
View the best growth stocks for 2024 here
.

Are investors shorting Tennant?

Tennant saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 422,400 shares, an increase of 26.0% from the January 15th total of 335,300 shares. Based on an average daily volume of 128,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.3% 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 Friday, April 26th 2024.
View our TNC earnings forecast
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) issued its quarterly earnings data on Thursday, February, 22nd. The industrial products company reported $1.92 earnings per share (EPS) 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 analysts' expectations of $309.87 million. Tennant had a net margin of 8.81% and a trailing twelve-month return on equity of 23.07%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $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. Shareholders of record on Thursday, February 29th will be given a dividend of $0.28 per share on Friday, March 15th. This represents a $1.12 annualized dividend and a yield of 1.02%. 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 0.99%. 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%.
Read our dividend analysis for TNC.

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

Tennant updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of 6.050-6.650 for the period, compared to the consensus 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.05%), Mairs & Power Inc. (6.56%), Clearbridge Investments LLC (4.34%), Dimensional Fund Advisors LP (3.28%), Gamco Investors INC. ET AL (2.66%) and Nuveen Asset Management LLC (1.48%). 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 3/5/2024 by MarketBeat.com Staff