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NYSE:TNC

Tennant (TNC) Stock Price, News & Analysis

$108.89
+0.67 (+0.62%)
(As of 07/26/2024 ET)
Today's Range
$108.07
$110.43
50-Day Range
$96.29
$108.89
52-Week Range
$72.81
$124.11
Volume
85,050 shs
Average Volume
126,844 shs
Market Capitalization
$2.07 billion
P/E Ratio
18.09
Dividend Yield
1.03%
Price Target
$106.00

Tennant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
2.7% Downside
$106.00 Price Target
Short Interest
Healthy
2.53% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.76
Upright™ Environmental Score
News Sentiment
0.68mentions of Tennant in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.71%
From $6.56 to $7.00 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.

4.13 out of 5 stars

Industrial Products Sector

50th out of 172 stocks

Refrigeration & Service Industry Machinery Industry

2nd out of 4 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

Tennant (NYSE:TNC) Upgraded at StockNews.com
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
Tennant Company Appoints New Board Member
Tennant Company Appoints New Board Member
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
Tennant Company Hosting Investor Day at NYSE
Q1 2024 Tennant Co Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/03/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/08/2024
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
-3.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$109.50 million
Pretax Margin
10.16%

Debt

Sales & Book Value

Annual Sales
$1.24 billion
Cash Flow
$9.63 per share
Book Value
$30.96 per share

Miscellaneous

Free Float
18,513,000
Market Cap
$2.09 billion
Optionable
Optionable
Beta
1.02
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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

How have TNC shares performed this year?

Tennant's stock was trading at $92.69 at the start of the year. Since then, TNC stock has increased by 17.5% and is now trading at $108.89.
View the best growth stocks for 2024 here
.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) issued its quarterly earnings results on Friday, May, 3rd. The industrial products company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.36. The industrial products company earned $311 million during the quarter, compared to the consensus estimate of $314.10 million. Tennant had a net margin of 9.10% and a trailing twelve-month return on equity of 23.16%.

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.

Who are Tennant's major shareholders?

Tennant's top institutional shareholders include Bank of New York Mellon Corp (1.02%), Assenagon Asset Management S.A. (0.67%), Allspring Global Investments Holdings LLC (0.28%) and Raymond James & Associates (0.11%). Insiders that own company stock include David W Huml, Carol S Eicher, Steven Alan Sonnenberg, Carol E Mcknight, Donal L Mulligan, Azita Arvani, Richard H Zay and Kristin A Erickson.
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.

What other stocks do shareholders of Tennant own?

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

This page (NYSE:TNC) was last updated on 7/26/2024 by MarketBeat.com Staff

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