Tennant (TNC) Stock Price, News & Analysis

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.
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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.

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.
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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.

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

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.

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.

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.

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.

ETFs with the largest weight of Tennant (NYSE:TNC) stock in their portfolio include VanEck Environmental Services ETF (EVX), Gabelli Automation ETF (GAST), Invesco S&P SmallCap Industrials ETF (PSCI), Small Cap US Equity Select ETF (RNSC), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).VictoryShares US Small Cap Volatility Wtd (CSA).

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.

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).

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.
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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.
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