Tennant Company Stock Today
| TNC Stock | USD 88.66 2.54 2.79% |
Performance0 of 100
| Odds Of DistressLess than 5
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Tennant is trading at 88.66 as of the 28th of November 2024, a 2.79% down since the beginning of the trading day. The stock's open price was 91.2. Tennant has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Tennant Company are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 3rd of March 1992 | Category Industrials |
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. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota. The company has 18.87 M outstanding shares of which 524.33 K shares are at this time shorted by investors with about 5.44 days to cover. More on Tennant Company
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Tennant Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | David Huml | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | TRPL.PT.ENG.TRANS. -01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NYSE Composite, SP Small-Cap 600, VN Index, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsTennant can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Tennant's financial leverage. It provides some insight into what part of Tennant's total assets is financed by creditors.
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Tennant Company (TNC) is traded on New York Stock Exchange in USA. It is located in 10400 Clean Street, Eden Prairie, MN, United States, 55344-2650 and employs 4,500 people. Tennant is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.67 B. Tennant Company runs under Machinery sector within Industrials industry. The entity has 18.87 M outstanding shares of which 524.33 K shares are at this time shorted by investors with about 5.44 days to cover.
Tennant Company has about 77.4 M in cash with 188.4 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.18.
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Ownership AllocationTennant Company shows a total of 18.87 Million outstanding shares. The majority of Tennant Company outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Tennant to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Tennant Company. Please pay attention to any change in the institutional holdings of Tennant Company as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Tennant Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Gamco Investors, Inc. Et Al | 2024-09-30 | 474.8 K | |
| Geode Capital Management, Llc | 2024-09-30 | 436.9 K | |
| Nuveen Asset Management, Llc | 2024-06-30 | 351 K | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 253.1 K | |
| Assenagon Asset Management Sa | 2024-09-30 | 233.6 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 193.4 K | |
| Northern Trust Corp | 2024-09-30 | 187 K | |
| Prudential Financial Inc | 2024-09-30 | 183.6 K | |
| Gabelli Funds Llc | 2024-09-30 | 170.4 K | |
| Blackrock Inc | 2024-06-30 | 3.1 M | |
| Vanguard Group Inc | 2024-09-30 | 2.4 M |
Tennant Historical Income Statement
Tennant Stock Against Markets
Tennant Corporate Directors
| Donal Mulligan | Independent Director | Profile | |
| Carol Eicher | Independent Director | Profile | |
| David Windley | Independent Director | Profile | |
| Azita Arvani | Independent Director | Profile |
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Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tennant. If investors know Tennant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tennant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.1) | Dividend Share 1.12 | Earnings Share 5.67 | Revenue Per Share 67.733 | Quarterly Revenue Growth 0.036 |
The market value of Tennant Company is measured differently than its book value, which is the value of Tennant that is recorded on the company's balance sheet. Investors also form their own opinion of Tennant's value that differs from its market value or its book value, called intrinsic value, which is Tennant's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tennant's market value can be influenced by many factors that don't directly affect Tennant's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tennant's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.