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NYSE:TNC

Tennant (TNC) Stock Price, News & Analysis

Tennant logo
$80.86 -1.61 (-1.95%)
Closing price 03/28/2025 03:59 PM Eastern
Extended Trading
$80.81 -0.05 (-0.06%)
As of 03/28/2025 05:32 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Tennant Stock (NYSE:TNC)

Key Stats

Today's Range
$79.98
$82.50
50-Day Range
$80.86
$88.94
52-Week Range
$78.57
$124.11
Volume
114,201 shs
Average Volume
135,599 shs
Market Capitalization
$1.52 billion
P/E Ratio
18.46
Dividend Yield
1.46%
Price Target
$125.00
Consensus Rating
Buy

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.

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Tennant Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
98th Percentile Overall Score

TNC MarketRank™: 

Tennant scored higher than 98% of companies evaluated by MarketBeat, and ranked 3rd out of 179 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Tennant's stock forecast and price target.
  • 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 18.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.66.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tennant is 18.46, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 21.75.

  • Price to Book Value per Share Ratio

    Tennant has a P/B Ratio of 2.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Tennant's valuation and earnings.
  • 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 Yield

    Tennant pays a meaningful dividend of 1.44%, 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.

  • Read more about Tennant's dividend.
  • 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 Sentiment

    Tennant has a news sentiment score of 1.00. 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 0.60 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 1 people have searched for TNC on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • 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.

  • Read more about Tennant's insider trading history.
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TNC Stock News Headlines

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In this urgent exposé, you’ll discover… How Elon and Donald Trump are quietly drawing a radical new map of America…
Tennant Company Deserves Patience
Tennant Company Deserves Patience
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TNC Stock Analysis - Frequently Asked Questions

Tennant's stock was trading at $81.53 at the start of the year. Since then, TNC stock has decreased by 0.8% and is now trading at $80.8550.
View the best growth stocks for 2025 here
.

Tennant (NYSE:TNC) announced its 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 analyst estimates of $324 million. Tennant had a trailing twelve-month return on equity of 19.98% and a net margin of 6.51%.

Tennant's board approved a share buyback program on Thursday, February 13th 2025, which allows the company to repurchase 2,000,000 shares, according to EventVestor. This allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Tennant's top institutional shareholders include Vanguard Group Inc. (12.69%), Dimensional Fund Advisors LP (3.16%), Brown Advisory Inc. (2.91%) and Fuller & Thaler Asset Management Inc. (2.57%). Insiders that own company stock include David W Huml, Richard H Zay, Carol S Eicher, Steven Alan Sonnenberg, Carol E Mcknight, Donal L Mulligan, Azita Arvani, Barb Balinski and Kristin A Erickson.
View institutional ownership trends
.

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.

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
3/30/2025
Next Earnings (Estimated)
5/02/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
Current Symbol
NYSE:TNC
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
+54.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Trailing P/E Ratio
18.46
Forward P/E Ratio
13.73
P/E Growth
N/A
Net Income
$109.50 million
Pretax Margin
8.14%

Debt

Sales & Book Value

Annual Sales
$1.29 billion
Cash Flow
$8.68 per share
Price / Cash Flow
9.32
Book Value
$33.06 per share
Price / Book
2.45

Miscellaneous

Free Float
18,327,000
Market Cap
$1.52 billion
Optionable
Optionable
Beta
1.02

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This page (NYSE:TNC) was last updated on 3/31/2025 by MarketBeat.com Staff
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