10,000 Shares in Tennant (NYSE:TNC) Purchased by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC bought a new position in Tennant (NYSE:TNC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the industrial products company's stock, valued at approximately $815,000. Value Holdings Management CO. LLC owned 0.05% of Tennant as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TNC. Point72 Asia Singapore Pte. Ltd. increased its position in Tennant by 84.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 527 shares of the industrial products company's stock worth $51,000 after purchasing an additional 241 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Tennant during the 2nd quarter worth $71,000. nVerses Capital LLC bought a new position in Tennant during the third quarter valued at about $77,000. TD Private Client Wealth LLC lifted its position in shares of Tennant by 43.7% in the third quarter. TD Private Client Wealth LLC now owns 839 shares of the industrial products company's stock worth $81,000 after buying an additional 255 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Tennant by 37.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 972 shares of the industrial products company's stock valued at $95,000 after acquiring an additional 263 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company's stock.

Tennant Stock Performance

Shares of TNC traded up $0.54 during mid-day trading on Friday, hitting $85.07. The company's stock had a trading volume of 89,957 shares, compared to its average volume of 157,137. Tennant has a one year low of $78.57 and a one year high of $124.11. The stock's 50-day moving average is $84.50 and its two-hundred day moving average is $91.71. The firm has a market capitalization of $1.61 billion, a PE ratio of 15.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.17.

Tennant (NYSE:TNC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.05). The company had revenue of $315.80 million during the quarter, compared to analyst estimates of $319.40 million. Tennant had a return on equity of 21.50% and a net margin of 8.52%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. As a group, sell-side analysts anticipate that Tennant will post 6.43 EPS for the current year.

Tennant Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Tennant's previous quarterly dividend of $0.28. Tennant's dividend payout ratio (DPR) is presently 20.81%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TNC. StockNews.com lowered shares of Tennant from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st. Northcoast Research assumed coverage on Tennant in a research report on Thursday, December 19th. They set a "buy" rating and a $125.00 price objective for the company.

Tennant Profile

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.