Tennant (NYSE:TNC) insider Thomas Paulson sold 6,694 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $72.90, for a total value of $487,992.60. Following the sale, the insider now directly owns 24,035 shares of the company’s stock, valued at $1,752,151.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Tennant (NYSE TNC) traded up $0.21 during trading on Friday, hitting $73.36. The stock had a trading volume of 41,816 shares, compared to its average volume of 136,387. The firm has a market capitalization of $1,310.00, a PE ratio of 107.88, a PEG ratio of 3.22 and a beta of 1.04. The company has a current ratio of 2.09, a quick ratio of 1.39 and a debt-to-equity ratio of 1.29. Tennant has a 1-year low of $60.05 and a 1-year high of $76.80.

Tennant (NYSE:TNC) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.29). The business had revenue of $261.92 million during the quarter, compared to analyst estimates of $252.13 million. Tennant had a return on equity of 13.07% and a net margin of 1.32%. The business’s quarterly revenue was up 30.9% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. research analysts anticipate that Tennant will post 1.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a $0.21 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.15%. Tennant’s dividend payout ratio (DPR) is presently 123.53%.

Several equities research analysts have recently weighed in on the company. Dougherty & Co reissued a “neutral” rating on shares of Tennant in a research note on Sunday, November 12th. Zacks Investment Research raised Tennant from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Tennant presently has a consensus rating of “Hold” and a consensus price target of $65.00.

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in shares of Tennant by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 13,620 shares of the industrial products company’s stock worth $1,005,000 after buying an additional 72 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Tennant by 9.0% in the second quarter. Ameritas Investment Partners Inc. now owns 1,548 shares of the industrial products company’s stock worth $114,000 after buying an additional 128 shares during the period. Wells Fargo & Company MN boosted its position in shares of Tennant by 0.9% in the second quarter. Wells Fargo & Company MN now owns 16,516 shares of the industrial products company’s stock worth $1,218,000 after buying an additional 142 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Tennant by 0.4% in the second quarter. TIAA CREF Investment Management LLC now owns 52,866 shares of the industrial products company’s stock worth $3,902,000 after buying an additional 199 shares during the period. Finally, Martin & Co. Inc. TN boosted its position in shares of Tennant by 2.4% in the second quarter. Martin & Co. Inc. TN now owns 16,405 shares of the industrial products company’s stock worth $1,211,000 after buying an additional 380 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

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About Tennant

Tennant Company is engaged in designing, manufacturing and marketing of cleaning solutions. The Company’s segments are Americas; Europe, Middle East, Africa, and Asia Pacific. The Company offers a range of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings and asset management solutions.

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