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Tennant (TNC) Stock Price, News & Analysis

Tennant logo
$88.82 -0.34 (-0.38%)
As of 10:55 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

About Tennant Stock (NYSE:TNC)

Key Stats

Today's Range
$88.73
$89.93
50-Day Range
$79.82
$88.94
52-Week Range
$78.57
$124.11
Volume
35,098 shs
Average Volume
170,822 shs
Market Capitalization
$1.67 billion
P/E Ratio
20.28
Dividend Yield
1.33%
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.

Tennant Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
99th Percentile Overall Score

TNC MarketRank™: 

Tennant scored higher than 99% of companies evaluated by MarketBeat, and ranked 1st out of 173 stocks in the industrial products 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 only been the subject of 1 research reports 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 20.50% in the coming year, from $5.95 to $7.17 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Tennant is 20.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.35.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tennant is 20.28, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.03.

  • Price to Book Value per Share Ratio

    Tennant has a P/B Ratio of 2.69. 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

    3.37% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tennant has recently decreased by 8.53%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Tennant pays a meaningful dividend of 1.33%, 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

    3.37% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tennant has recently decreased by 8.53%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Tennant has a news sentiment score of 0.39. 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 lower news sentiment than the 0.70 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 28 news articles for Tennant this week, compared to 6 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.
  • Insider Buying vs. Insider Selling

    In the past three months, Tennant insiders have not sold or bought any 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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Q4 2024 Tennant Co Earnings Call Transcript
Tennant Company (TNC) Q4 2024 Earnings Call Transcript
See More Headlines

TNC Stock Analysis - Frequently Asked Questions

Tennant's stock was trading at $81.53 at the start of the year. Since then, TNC shares have increased by 8.9% and is now trading at $88.82.
View the best growth stocks for 2025 here
.

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

Tennant's board initiated a share buyback program on Thursday, February 13th 2025, which authorizes the company to buy back 2,000,000 outstanding shares, according to EventVestor. This authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are 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, Carol S Eicher, Steven Alan Sonnenberg, Carol E Mcknight, Donal L Mulligan, Azita Arvani, Richard H Zay 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

Ex-Dividend for 12/16 Dividend
11/29/2024
Dividend Payable
12/16/2024
Last Earnings
2/17/2025
Today
2/21/2025
Ex-Dividend for 3/14 Dividend
2/28/2025
Dividend Payable
3/14/2025
Next Earnings (Estimated)
5/02/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
CUSIP
88034510
Employees
4,457
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
+40.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$109.50 million
Pretax Margin
8.14%

Debt

Sales & Book Value

Annual Sales
$1.29 billion
Cash Flow
$9.59 per share
Book Value
$33.06 per share

Miscellaneous

Free Float
18,382,000
Market Cap
$1.67 billion
Optionable
Optionable
Beta
1.01

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This page (NYSE:TNC) was last updated on 2/21/2025 by MarketBeat.com Staff
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