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Tennant Company designs, manufactures, and markets floor cleaning equipment. It offers a suite of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions. The company also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. 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. The company markets its products to contract cleaners, businesses, and various governmental entities through direct sales and service organization, as well as through a network of authorized distributors under the Tennant, Nobles, Green Machines, Alfa Uma Empresa Tennant, IRIS, Superior Anodes, Waterstar, and Orbio brands worldwide. Tennant Company was founded in 1870 and is headquartered in Minneapolis, Minnesota.
Industry, Sector and Symbol
Industry Refrigeration & service industry machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNYSE:TNC
CUSIP88034510
Phone763-540-1200
Debt
Debt-to-Equity Ratio1.11
Current Ratio1.80
Quick Ratio1.22
Price-To-Earnings
Trailing P/E Ratio50.33
Forward P/E Ratio38.12
P/E Growth3.81
Sales & Book Value
Annual Sales$1.00 billion
Price / Sales1.38
Cash Flow$4.0936 per share
Price / Cash18.81
Book Value$16.72 per share
Price / Book4.61
Profitability
EPS (Most Recent Fiscal Year)$1.54
Net Income$-6,190,000.00
Net Margins0.10%
Return on Equity9.27%
Return on Assets2.75%
Miscellaneous
Employees4,300
Outstanding Shares17,980,000
Tennant (NYSE:TNC) Frequently Asked Questions
What is Tennant's stock symbol?
Tennant trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNC."
How often does Tennant pay dividends? What is the dividend yield for Tennant?
Tennant announced a quarterly dividend on Wednesday, April 25th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.21 per share on Friday, June 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, May 30th. View Tennant's Dividend History.
How were Tennant's earnings last quarter?
Tennant (NYSE:TNC) announced its quarterly earnings data on Monday, April, 23rd. The industrial products company reported $0.27 EPS for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.12. The industrial products company earned $272.80 million during the quarter, compared to analysts' expectations of $251.93 million. Tennant had a return on equity of 9.27% and a net margin of 0.10%. Tennant's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. View Tennant's Earnings History.
When is Tennant's next earnings date?
What guidance has Tennant issued on next quarter's earnings?
Tennant updated its FY18 earnings guidance on Monday, April, 23rd. The company provided earnings per share (EPS) guidance of $1.85-2.05 for the period, compared to the Thomson Reuters consensus estimate of $1.90. The company issued revenue guidance of $1.08-1.11 billion, compared to the consensus revenue estimate of $1.09 billion.
Who are some of Tennant's key competitors?
Some companies that are related to Tennant include Leonardo (LDO), Protection One (ADT), Metso (MXCYY), AGCO (AGCO), MSC Industrial Direct (MSM), Kawasaki Heavy Industries (KWHIY), Sonoco (SON), The Berkeley Group (BKG), Graphic Packaging (GPK), Sumitomo Heavy Industries (SOHVY), Weir Group (WEIR), Adelaide Brighton Cement (ABC), Melrose Industries (MRO), Cimpress (CMPR) and Colfax (CFX).
Who are Tennant's key executives?
Tennant's management team includes the folowing people:
- Mr. H. Chris Killingstad, Pres, CEO & Director (Age 62)
- Mr. Thomas Paulson, Sr. VP & CFO (Age 62)
- Mr. Jeffrey C. Moorefield, Sr. VP of Global Operations (Age 54)
- Mr. David W. Huml, Sr. VP of EMEA, APAC & Global Marketing (Age 49)
- Mr. Richard H. Zay, Sr. VP of the Americas (Age 47)
Has Tennant been receiving favorable news coverage?
Media stories about TNC stock have been trending positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tennant earned a news impact score of 0.48 on Accern's scale. They also assigned press coverage about the industrial products company an impact score of 46.62 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Tennant's major shareholders?
Tennant's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.60%), Dimensional Fund Advisors LP (3.47%), Bodenholm Capital AB (1.89%), Indaba Capital Management L.P. (1.56%), Schwab Charles Investment Management Inc. (0.80%) and Principal Financial Group Inc. (0.76%). Company insiders that own Tennant stock include Carol S Eicher, Chris Killingstad, David W Huml, Heidi M Wilson, Richard H Zay, Steven Alan Sonnenberg and Thomas Paulson. View Institutional Ownership Trends for Tennant.
Which major investors are selling Tennant stock?
TNC stock was sold by a variety of institutional investors in the last quarter, including Reynders McVeigh Capital Management LLC, JPMorgan Chase & Co., SFE Investment Counsel, California Public Employees Retirement System, Barrow Hanley Mewhinney & Strauss LLC, Dubuque Bank & Trust Co., American International Group Inc. and Teacher Retirement System of Texas. Company insiders that have sold Tennant company stock in the last year include Chris Killingstad, David W Huml, Richard H Zay and Thomas Paulson. View Insider Buying and Selling for Tennant.
Which major investors are buying Tennant stock?
TNC stock was bought by a variety of institutional investors in the last quarter, including Bodenholm Capital AB, Indaba Capital Management L.P., Ceredex Value Advisors LLC, BlackRock Inc., Citadel Advisors LLC, Schwab Charles Investment Management Inc., Barclays PLC and Millennium Management LLC. View Insider Buying and Selling for Tennant.
How do I buy shares of Tennant?
Shares of TNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Tennant's stock price today?
One share of TNC stock can currently be purchased for approximately $77.00.
How big of a company is Tennant?
Tennant has a market capitalization of $1.38 billion and generates $1.00 billion in revenue each year. The industrial products company earns $-6,190,000.00 in net income (profit) each year or $1.54 on an earnings per share basis. Tennant employs 4,300 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 industrial products company can be reached via phone at 763-540-1200 or via email at [email protected]
MarketBeat Community Rating for Tennant (TNC)
MarketBeat's community ratings are surveys of what our community members think about Tennant and other stocks. Vote "Outperform" if you believe TNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
Tennant (NYSE:TNC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Tennant in the last 12 months. There are currently 1 buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Hold | Hold |
| Consensus Rating Score: | 3.00 | 3.00 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | N/A | N/A | $65.00 | $65.00 |
| Price Target Upside: | N/A | N/A | 4.42% upside | 4.42% upside |
Tennant (NYSE:TNC) Consensus Price Target History
Tennant (NYSE:TNC) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Tennant (NYSE:TNC) Dividend Information
Tennant pays an annual dividend of $0.84 per share, with a dividend yield of 1.09%. TNC's next quarterly dividend payment will be made on Friday, June 15. The company has grown its dividend for the last 46 consecutive years and is increasing its dividend by an average of 2.50% each year. Tennant pays out 54.55% of its earnings out as a dividend.
| Next Dividend: | 6/15/2018 |
| Annual Dividend: | $0.84 |
| Dividend Yield: | 1.09% |
| Dividend Growth: | 2.50% (3 Year Average) |
| Payout Ratio(s): | 54.55% (Trailing 12 Months of Earnings)
41.58% (Based on This Year's Estimates)
30.43% (Based on Next Year's Estimates)
20.52% (Based on Cash Flow)
|
| Track Record: | 46 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Tennant (NYSE:TNC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/25/2018 | Quarterly | $0.21 | 1.14% | 5/30/2018 | 5/31/2018 | 6/15/2018 |
| 2/15/2018 | Quarterly | $0.21 | 1.34% | 2/27/2018 | 2/28/2018 | 3/15/2018 |
| 11/10/2017 | quarterly | $0.21 | 1.32% | 11/29/2017 | 11/30/2017 | 12/15/2017 |
| 8/18/2017 | quarterly | $0.21 | 1.34% | 8/29/2017 | 8/31/2017 | 9/15/2017 |
| 4/27/2017 | quarterly | $0.21 | 1.13% | 5/26/2017 | 5/31/2017 | 6/15/2017 |
| 2/16/2017 | quarterly | $0.21 | 1.18% | 2/28/2017 | 3/2/2017 | 3/15/2017 |
| 11/1/2016 | quarterly | $0.21 | 1.34% | 11/28/2016 | 11/30/2016 | 12/15/2016 |
| 8/18/2016 | quarterly | $0.20 | 1.28% | 8/29/2016 | 8/31/2016 | 9/15/2016 |
| 4/28/2016 | quarterly | $0.20 | 1.48% | 5/26/2016 | 5/31/2016 | 6/15/2016 |
| 2/18/2016 | quarterly | $0.20 | 1.48% | 2/25/2016 | 2/29/2016 | 3/15/2016 |
| 11/10/2015 | quarterly | $0.20 | 1.34% | 11/25/2015 | 11/30/2015 | 12/15/2015 |
| 8/20/2015 | quarterly | $0.20 | 1.37% | 8/27/2015 | 8/31/2015 | 9/15/2015 |
| 4/30/2015 | quarterly | $0.20 | 1.24% | 5/27/2015 | 5/29/2015 | 6/15/2015 |
| 2/19/2015 | quarterly | $0.20 | 1.17% | 2/26/2015 | 3/2/2015 | 3/16/2015 |
| 11/10/2014 | quarterly | $0.20 | 1.08% | 11/25/2014 | 11/28/2014 | 12/15/2014 |
| 8/20/2014 | quarterly | $0.20 | 1.11% | 8/28/2014 | 9/2/2014 | 9/15/2014 |
| 4/23/2014 | quarterly | $0.20 | 1.27% | 5/28/2014 | 5/30/2014 | 6/16/2014 |
| 2/19/2014 | quarterly | $0.18 | 1.12% | 2/27/2014 | 3/3/2014 | 3/17/2014 |
| 11/11/2013 | quarterly | $0.18 | 1.19% | 11/26/2013 | 11/29/2013 | 12/16/2013 |
| 8/15/2013 | quarterly | $0.18 | 1.33% | 8/28/2013 | 8/30/2013 | 9/16/2013 |
| 4/24/2013 | quarterly | $0.18 | 1.53% | 5/29/2013 | 5/31/2013 | 6/17/2013 |
| 2/13/2013 | quarterly | $0.18 | 1.52% | 2/26/2013 | 2/28/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Tennant (NYSE TNC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.60%
Institutional Ownership Percentage: 85.17%
Tennant (NYSE TNC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/1/2018 | David W Huml | VP | Sell | 415 | $72.99 | $30,290.85 | 7,569 |  |
| 4/23/2018 | Richard H Zay | SVP | Sell | 664 | $73.00 | $48,472.00 | 16,065 | |
| 4/23/2018 | Thomas Paulson | Insider | Sell | 10,575 | $73.19 | $773,984.25 | 35,582 | |
| 4/16/2018 | Chris Killingstad | Insider | Sell | 4,427 | $68.58 | $303,603.66 | 154,273 | |
| 4/10/2018 | Chris Killingstad | Insider | Sell | 44,272 | $68.55 | $3,034,845.60 | 176,100 | |
| 4/6/2018 | Thomas Paulson | CFO | Sell | 9,296 | $69.08 | $642,167.68 | 35,582 | |
| 1/11/2018 | Thomas Paulson | Insider | Sell | 6,694 | $72.90 | $487,992.60 | 24,035 | |
| 6/5/2017 | Thomas Paulson | CFO | Sell | 7,500 | $73.95 | $554,625.00 | 31,755 | |
| 6/2/2017 | Richard H Zay | SVP | Sell | 1,280 | $73.00 | $93,440.00 | 15,423 | |
| 5/1/2017 | Carol S Eicher | Director | Sell | 1,928 | $73.76 | $142,209.28 | 9,263 | |
| 4/10/2017 | Thomas Paulson | CFO | Sell | 7,500 | $71.71 | $537,825.00 | 38,229 | |
| 3/6/2017 | Heidi M Wilson | SVP | Sell | 5,790 | $71.65 | $414,853.50 | 25,433 | |
| 3/1/2017 | Steven Alan Sonnenberg | Director | Sell | 6,000 | $72.17 | $433,020.00 | | |
| 8/2/2016 | Heidi M Wilson | SVP | Sell | 12,158 | $63.68 | $774,221.44 | 24,541 | |
| 7/26/2016 | Thomas Paulson | CFO | Sell | 15,304 | $62.00 | $948,848.00 | 43,313 | |
| 6/8/2016 | Thomas Paulson | CFO | Sell | 14,981 | $56.00 | $838,936.00 | 38,380 | |
| 4/28/2016 | Heidi M Wilson | SVP | Sell | 2,000 | $54.40 | $108,800.00 | 18,326 | |
| 4/26/2016 | Thomas Paulson | CFO | Sell | 118 | $56.00 | $6,608.00 | 28,127 | |
| 12/21/2015 | Thomas Paulson | CFO | Sell | 15,000 | $55.99 | $839,850.00 | 23,732 | |
| 11/20/2015 | Heidi M. Wilson | SVP | Sell | 5,126 | $61.63 | $315,915.38 | 17,847 | |
| 7/23/2015 | Derek Lai | Insider | Sell | 15,000 | $1.20 | $18,000.00 | | |
| 7/20/2015 | Fund Ii L.P. Inter-Atlantic | Insider | Sell | 515,300 | $1.20 | $618,360.00 | | |
| 3/5/2015 | Heidi M Wilson | SVP | Sell | 3,000 | $64.60 | $193,800.00 | | |
| 3/4/2015 | Steven Alan Sonnenberg | Director | Sell | 3,484 | $64.88 | $226,041.92 | | |
| 7/29/2014 | Chris Killingstad | CEO | Sell | 4,986 | $75.95 | $378,686.70 | | |
| 7/29/2014 | Heidi M Wilson | SVP | Sell | 5,000 | $75.61 | $378,050.00 | | |
| 5/21/2014 | Richard Zay | SVP | Sell | 1,800 | $63.00 | $113,400.00 | 9,241 | |
| 12/9/2013 | Michael Schaefer | SVP | Sell | 5,939 | $64.78 | $384,728.42 | 3,279 | |
| 11/21/2013 | Richard Zay | SVP | Sell | 10,366 | $61.50 | $637,509.00 | 7,442 | |
| 11/18/2013 | Thomas Dybsky | SVP | Sell | 21,313 | $61.13 | $1,302,863.69 | 4,075 | |
| 11/14/2013 | Heidi Wilson | SVP | Sell | 5,000 | $61.44 | $307,200.00 | 12,239 | |
| 10/29/2013 | Andrew J Eckert | SVP | Sell | 10,112 | $60.52 | $611,978.24 | | |
| 9/10/2013 | Chris Killingstad | CEO | Sell | 39,100 | $54.88 | $2,145,808.00 | | |
| 8/26/2013 | Chris Killingstad | CEO | Sell | 83,100 | $54.91 | $4,563,021.00 | 97,068 | |
| 8/1/2013 | Heidi M Wilson | VP | Sell | 5,182 | $52.08 | $269,878.56 | | |
| 7/9/2013 | Thomas Dybsky | VP | Sell | 4,700 | $51.88 | $243,836.00 | | |
| 5/21/2013 | Heidi M Wilson | VP | Sell | 5,000 | $50.84 | $254,200.00 | | |
| 5/17/2013 | Thomas Dybsky | VP | Sell | 2,080 | $51.00 | $106,080.00 | | |
| 5/14/2013 | Andrew J Eckert | VP | Sell | 6,801 | $50.16 | $341,138.16 | | |
| 5/10/2013 | Andrew J Eckert | VP | Sell | 4,221 | $50.01 | $211,092.21 | | |
| 4/10/2013 | Thomas Dybsky | VP | Sell | 1,377 | $47.88 | $65,930.76 | | |
| 2/26/2013 | Andrew J Eckert | VP | Sell | 11,107 | $46.18 | $512,921.26 | | |
| 2/25/2013 | Thomas Dybsky | VP | Sell | 11,000 | $47.50 | $522,500.00 | | |
(Data available from 1/1/2013 forward)
Tennant (NYSE TNC) News Headlines
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Tennant (NYSE:TNC) SEC Filings
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Tennant (NYSE:TNC) Income Statement, Balance Sheet and Cash Flow Statement
Tennant (NYSE TNC) Stock Chart for Monday, May, 21, 2018
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