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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Obama’s 2024 Confession (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
New Trump Bombshell (Ad)
3 stocks set to benefit from record Valentine's Day spending
Recession risks are fading, business economists say, but political tensions pose threat to economy
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Obama’s 2024 Confession (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
New Trump Bombshell (Ad)
3 stocks set to benefit from record Valentine's Day spending
Recession risks are fading, business economists say, but political tensions pose threat to economy
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Obama’s 2024 Confession (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
New Trump Bombshell (Ad)
3 stocks set to benefit from record Valentine's Day spending
Recession risks are fading, business economists say, but political tensions pose threat to economy
NYSE:TNC

Tennant (TNC) Stock Price, News & Analysis

$97.32
-0.31 (-0.32%)
(As of 02/9/2024 08:57 PM ET)
Today's Range
$96.66
$97.93
50-Day Range
$85.58
$97.71
52-Week Range
$63.30
$97.95
Volume
94,100 shs
Average Volume
102,511 shs
Market Capitalization
$1.82 billion
P/E Ratio
17.82
Dividend Yield
1.15%
Price Target
$103.33

Tennant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.2% Upside
$103.33 Price Target
Short Interest
Healthy
2.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.76
Upright™ Environmental Score
News Sentiment
-0.25mentions of Tennant in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.24%
From $5.92 to $6.23 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.00 out of 5 stars

Industrial Products Sector

39th out of 176 stocks

Refrigeration & Service Industry Machinery Industry

1st out of 5 stocks


TNC stock logo

About Tennant Stock (NYSE:TNC)

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 also 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, IRIS, IPC, VLX, 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, parking lots and streets, and other environments. It 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.

TNC Stock Price History

TNC Stock News Headlines

The Next Nvidia?
Almost every investor has heard of Nvidia. The AI chipmaker became the 7th trillion-dollar company in history. Up 233% this year alone... 9,624% over the last decade. The exciting thing about investing in AI: Nvidia was just the beginning. Over the next few months, I expect a new wave of AI stocks to take the lead. Some could soar even higher than Nvidia.
Jessica R. Tennant
The Next Nvidia?
Almost every investor has heard of Nvidia. The AI chipmaker became the 7th trillion-dollar company in history. Up 233% this year alone... 9,624% over the last decade. The exciting thing about investing in AI: Nvidia was just the beginning. Over the next few months, I expect a new wave of AI stocks to take the lead. Some could soar even higher than Nvidia.
Tennant: Resilient In Times Of Turbulence
See More Headlines
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Company Calendar

Last Earnings
10/31/2023
Ex-Dividend for 12/15 Dividend
11/29/2023
Dividend Payable
12/15/2023
Today
2/11/2024
Next Earnings (Confirmed)
2/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refrigeration & service industry machinery
Sub-Industry
Industrial Machinery
CUSIP
88034510
Employees
4,299
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$103.33
High Stock Price Target
$112.00
Low Stock Price Target
$98.00
Potential Upside/Downside
+6.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$66.30 million
Pretax Margin
10.34%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$6.73 per share
Book Value
$25.39 per share

Miscellaneous

Free Float
18,194,000
Market Cap
$1.82 billion
Optionable
Optionable
Beta
1.06
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Key Executives

  • Mr. David W. Huml (Age 55)
    President, CEO & Director
    Comp: $1.45M
  • Ms. Fay West (Age 55)
    Senior VP, CFO & Principal Accounting Officer
    Comp: $853.36k
  • Ms. Kristin A. Erickson (Age 51)
    Senior VP, General Counsel & Corporate Secretary
    Comp: $519.98k
  • Mr. Richard H. ZayMr. Richard H. Zay (Age 53)
    Senior VP & Chief Commercial Officer
    Comp: $818.33k
  • Ms. Barbara A. Balinski (Age 60)
    Senior Vice President of Innovation & Technology
  • Mr. Lorenzo Bassi
    VP of Finance & Investor Relations
  • Mr. Jason Peterson
    Global Communications Director
  • Mr. Brock R. Christianson
    Senior VP & Chief Human Resources Officer














TNC Stock Analysis - Frequently Asked Questions

Should I buy or sell Tennant stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tennant in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TNC shares.
View TNC analyst ratings
or view top-rated stocks.

What is Tennant's stock price target for 2024?

3 equities research analysts have issued 12 month price objectives for Tennant's stock. Their TNC share price targets range from $98.00 to $112.00. On average, they expect the company's share price to reach $103.33 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
View analysts price targets for TNC
or view top-rated stocks among Wall Street analysts.

How have TNC shares performed in 2024?

Tennant's stock was trading at $92.69 on January 1st, 2024. Since then, TNC stock has increased by 5.0% and is now trading at $97.32.
View the best growth stocks for 2024 here
.

Are investors shorting Tennant?

Tennant saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 335,300 shares, a decrease of 16.1% from the December 31st total of 399,500 shares. Based on an average trading volume of 129,800 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.2% of the shares of the stock are sold short.
View Tennant's Short Interest
.

When is Tennant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our TNC earnings forecast
.

How can I listen to Tennant's earnings call?

Tennant will be holding an earnings conference call on Thursday, February 22nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Tennant's earnings last quarter?

Tennant (NYSE:TNC) issued its quarterly earnings data on Tuesday, October, 31st. The industrial products company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.19. The industrial products company earned $304.70 million during the quarter, compared to analyst estimates of $296.60 million. Tennant had a net margin of 8.36% and a trailing twelve-month return on equity of 22.50%. The firm's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS.

How often does Tennant pay dividends? What is the dividend yield for Tennant?

Tennant declared a quarterly dividend on Monday, October 30th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.28 per share on Friday, December 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, November 29th. This is a positive change from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for TNC
.

Is Tennant a good dividend stock?

Tennant (NYSE:TNC) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.15%. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 20.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNC will have a dividend payout ratio of 17.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNC.

What is Chris Killingstad's approval rating as Tennant's CEO?

80 employees have rated Tennant Chief Executive Officer Chris Killingstad on Glassdoor.com. Chris Killingstad has an approval rating of 45% among the company's employees. This puts Chris Killingstad in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Tennant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tennant investors own include Boeing (BA), Exxon Mobil (XOM), Verizon Communications (VZ), 3M (MMM), AT&T (T), Abbott Laboratories (ABT), Johnson & Johnson (JNJ), Medtronic (MDT), McCormick & Company, Incorporated (MKC) and NVIDIA (NVDA).

Who are Tennant's major shareholders?

Tennant's stock is owned by a number of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (4.34%), Dimensional Fund Advisors LP (3.28%), Charles Schwab Investment Management Inc. (1.24%), Norges Bank (0.70%), Principal Financial Group Inc. (0.54%) and Prentiss Smith & Co. Inc. (0.28%). Insiders that own company stock include Azita Arvani, Carol E Mcknight, Carol S Eicher, Chris Killingstad, David W Huml, Donal L Mulligan, Kristin A Erickson, Richard H Zay, Richard H Zay and Steven Alan Sonnenberg.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

This page (NYSE:TNC) was last updated on 2/12/2024 by MarketBeat.com Staff

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