Tennant (TNC) SVP Richard H. Zay Sells 664 Shares of Stock

Tennant (NYSE:TNC) SVP Richard H. Zay sold 664 shares of the company’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $73.00, for a total transaction of $48,472.00. Following the sale, the senior vice president now directly owns 16,065 shares of the company’s stock, valued at $1,172,745. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE TNC opened at $74.45 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.79 and a quick ratio of 1.25. The firm has a market capitalization of $1,248.12, a PE ratio of 48.34, a PEG ratio of 3.68 and a beta of 0.85. Tennant has a 1 year low of $59.00 and a 1 year high of $77.20.

Tennant (NYSE:TNC) last announced its quarterly earnings data on Monday, April 23rd. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.12. The firm had revenue of $272.80 million during the quarter, compared to analysts’ expectations of $251.93 million. Tennant had a negative net margin of 0.62% and a positive return on equity of 9.68%. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. research analysts predict that Tennant will post 1.89 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in TNC. Dorsey & Whitney Trust CO LLC boosted its position in shares of Tennant by 4.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 23,486 shares of the industrial products company’s stock worth $1,706,000 after acquiring an additional 955 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Tennant by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 146,774 shares of the industrial products company’s stock worth $10,663,000 after acquiring an additional 1,338 shares during the last quarter. Swiss National Bank boosted its position in shares of Tennant by 6.5% during the fourth quarter. Swiss National Bank now owns 31,200 shares of the industrial products company’s stock worth $2,267,000 after acquiring an additional 1,900 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Tennant by 1.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 118,688 shares of the industrial products company’s stock worth $7,858,000 after acquiring an additional 1,972 shares during the last quarter. Finally, Elkfork Partners LLC bought a new position in shares of Tennant during the fourth quarter worth $155,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

TNC has been the subject of a number of research reports. Zacks Investment Research raised shares of Tennant from a “strong sell” rating to a “hold” rating in a report on Saturday, January 13th. Dougherty & Co raised shares of Tennant from a “neutral” rating to a “buy” rating in a research note on Monday, February 26th.

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About Tennant

Tennant Company designs, manufactures, and markets floor cleaning equipment. It 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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