Tennant (NYSE:TNC) insider Chris Killingstad sold 12,843 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $66.29, for a total transaction of $851,362.47. Following the completion of the sale, the insider now owns 168,008 shares in the company, valued at $11,137,250.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Chris Killingstad also recently made the following trade(s):

  • On Tuesday, June 18th, Chris Killingstad sold 12,843 shares of Tennant stock. The stock was sold at an average price of $61.64, for a total transaction of $791,642.52.

Tennant stock opened at $65.75 on Friday. The stock has a 50 day moving average price of $61.02. The stock has a market capitalization of $1.19 billion, a P/E ratio of 30.16 and a beta of 1.16. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.10 and a current ratio of 1.69. Tennant has a fifty-two week low of $48.97 and a fifty-two week high of $86.03.

Tennant (NYSE:TNC) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. The business had revenue of $262.50 million for the quarter, compared to the consensus estimate of $278.30 million. Tennant had a net margin of 3.19% and a return on equity of 14.20%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. As a group, research analysts predict that Tennant will post 2.45 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th.

Several institutional investors have recently added to or reduced their stakes in TNC. Bessemer Group Inc. purchased a new position in shares of Tennant in the second quarter worth approximately $49,000. Quantamental Technologies LLC increased its position in shares of Tennant by 79.9% in the first quarter. Quantamental Technologies LLC now owns 894 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 397 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Tennant in the first quarter worth approximately $85,000. Nisa Investment Advisors LLC increased its position in shares of Tennant by 2,818.2% in the first quarter. Nisa Investment Advisors LLC now owns 3,210 shares of the industrial products company’s stock worth $199,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Actinver Wealth Management Inc. purchased a new position in shares of Tennant in the fourth quarter worth approximately $216,000. 84.41% of the stock is currently owned by institutional investors and hedge funds.

Tennant Company Profile

Tennant Company designs, manufactures, and markets floor cleaning equipment worldwide. The company offers a suite of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions.

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