Tennant (TNC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $79.67 to $81.32
• 50-Day Range: $79.92 to $88.94
• 52-Week Range: $78.57 to $124.11
• Volume: 68,086 shs
• Average Volume: 136,337 shs
• Market Capitalization: $1.53 billion
• P/E Ratio: 18.55
• Dividend Yield: 1.45%
• Price Target: $125.00
• Consensus Rating: Buy

Tennant Stock Analysis - MarketRank™

Tennant scored higher than 98% of companies evaluated by MarketBeat, and ranked 2nd out of 178 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Tennant has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tennant has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 21.73%

Earnings Growth

Earnings for Tennant are expected to grow by 21.73% in the coming year, from $5.89 to $7.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tennant is 18.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tennant is 18.55, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 21.68.

Price to Book Value per Share Ratio

Tennant has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.83% of the float of Tennant has been sold short.

Short Interest Ratio / Days to Cover

Tennant has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tennant has recently increased by 1.04%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Tennant pays a meaningful dividend of 1.43%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Tennant has been increasing its dividend for 53 years.

Dividend Coverage

The dividend payout ratio of Tennant is 26.94%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Tennant will have a dividend payout ratio of 16.46% next year. This indicates that Tennant will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -1.76

Percentage of Shares Shorted

2.83% of the float of Tennant has been sold short.

Short Interest Ratio / Days to Cover

Tennant has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tennant has recently increased by 1.04%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.12

News Sentiment

Tennant has a news sentiment score of 1.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Tennant this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for TNC on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Tennant insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $766,085.00 in company stock.

Percentage Held by Insiders

Only 2.60% of the stock of Tennant is held by insiders.

Percentage Held by Institutions

93.33% of the stock of Tennant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TNC Stock Analysis - Frequently Asked Questions

How have TNC shares performed this year?

Tennant's stock was trading at $81.53 at the start of the year. Since then, TNC shares have decreased by 0.4% and is now trading at $81.24.
View the best growth stocks for 2025 here.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) announced its quarterly earnings results on Monday, February, 17th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.13. The industrial products company had revenue of $328.90 million for the quarter, compared to analysts' expectations of $324 million. Tennant had a net margin of 6.51% and a trailing twelve-month return on equity of 19.98%.

How will Tennant's stock buyback program work?

Tennant's board authorized a stock buyback program on Thursday, February 13th 2025, which permits the company to buy back 2,000,000 outstanding shares, according to EventVestor. This permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

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.

What other stocks do shareholders of Tennant own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tennant investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), ServiceNow (NOW) and General Electric (GE).

Company Calendar

• Last Earnings: 2/17/2025
• Record date for 3/14 Dividend: 2/28/2025
• Ex-Dividend for 3/14 Dividend: 2/28/2025
• Dividend Payable: 3/14/2025
• Today: 4/02/2025
• Next Earnings (Estimated): 5/02/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrials
• Industry: Refrigeration & service industry machinery
• Sub-Industry: Industrial Machinery
• Current Symbol: NYSE:TNC
• CIK: 97134
• Web: www.tennantco.com
• Phone: (763) 540-1200
• Fax: 763-513-2142
• Employees: 4,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $125.00
• High Stock Price Target: $125.00
• Low Stock Price Target: $125.00
• Potential Upside/Downside: +56.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.38
• Trailing P/E Ratio: 18.28
• Forward P/E Ratio: 13.59
• P/E Growth: N/A
• Net Income: $109.50 million
• Net Margins: 6.51%
• Pretax Margin: 8.14%
• Return on Equity: 19.98%
• Return on Assets: 10.62%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 1.97
• Quick Ratio: 1.43

Sales & Book Value

• Annual Sales: $1.29 billion
• Price / Sales: 1.17
• Cash Flow: $8.59 per share
• Price / Cash Flow: 9.32
• Book Value: $33.06 per share
• Price / Book: 2.42

Miscellaneous

• Outstanding Shares: 18,806,000
• Free Float: 18,327,000
• Market Cap: $1.51 billion
• Optionable: Optionable
• Beta: 1.02