Harvey Investment Co. LLC acquired a new stake in shares of Tennant (NYSE:TNC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,050 shares of the industrial products company's stock, valued at approximately $493,000.
Other hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Tennant by 84.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 527 shares of the industrial products company's stock worth $51,000 after acquiring an additional 241 shares during the period. nVerses Capital LLC purchased a new position in Tennant during the third quarter worth approximately $77,000. KBC Group NV boosted its holdings in shares of Tennant by 69.5% in the 4th quarter. KBC Group NV now owns 961 shares of the industrial products company's stock valued at $78,000 after purchasing an additional 394 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Tennant by 43.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 839 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 255 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Tennant during the 4th quarter valued at $92,000. Institutional investors and hedge funds own 93.33% of the company's stock.
Tennant Trading Up 0.9 %
TNC traded up $0.75 during trading on Friday, hitting $86.33. 205,102 shares of the company's stock were exchanged, compared to its average volume of 115,282. Tennant has a 1 year low of $78.57 and a 1 year high of $124.11. The stock has a 50 day moving average price of $83.84 and a 200 day moving average price of $90.08. The firm has a market cap of $1.63 billion, a P/E ratio of 15.23 and a beta of 1.01. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Northcoast Research assumed coverage on Tennant in a research report on Thursday, December 19th. They issued a "buy" rating and a $125.00 target price on the stock. StockNews.com downgraded Tennant from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st.
View Our Latest Stock Report on Tennant
Tennant Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Tennant, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tennant wasn't on the list.
While Tennant currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
