Tennant Co
About: Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.
Employees: 4,457
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
95% more call options, than puts
Call options by funds: $3.97M | Put options by funds: $2.04M
11% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 28
1% more funds holding
Funds holding: 251 [Q2] → 254 (+3) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
2.54% less ownership
Funds ownership: 95.11% [Q2] → 92.57% (-2.54%) [Q3]
6% less capital invested
Capital invested by funds: $1.78B [Q2] → $1.68B (-$100M) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 99
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$125
56%
upside
Avg. target
$125
56%
upside
High target
$125
56%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Northcoast Research Aaron Reed 0% 1-year accuracy 0 / 1 met price target | 56%upside $125 | Buy Initiated | 19 Dec 2024 |
Financial journalist opinion
Based on 4 articles about TNC published over the past 30 days
Positive
Seeking Alpha
1 week ago
Tennant: A Hidden Champion Of Autonomous Robots Pays Growing Dividends
Tennant, a leading cleaning equipment manufacturer, has strong margins, impressive growth, and a robust balance sheet, but currently appears slightly overvalued. The company benefits from trends like AI and robotics, with significant service revenue and potential for growth in autonomous cleaning equipment. Tennant outperforms competitors like Nilfisk, with higher margins, better returns, and lower debt, making it a stronger investment despite higher valuation.
Neutral
Business Wire
1 week ago
Tennant Company Introduces Lithium-Ion-Powered T12 and T16 Scrubbers
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC), a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, today announced the release of lithium-ion battery-powered versions of its popular T12 and T16 scrubbers. This product innovation will support customers' productivity & sustainability goals. “With the addition of lithium-ion battery technology, the T12 and T16 scrubbers deliver trusted Tennant performance with significant added bene.
Neutral
Investopedia
2 weeks ago
These 5 Stocks Have 50 Years of Dividend Growth—Here's How to Find More
With a new presidential administration set to take office on Jan. 20, 2025, some investors may be uncertain about how new policies and personnel will affect the stock market and interest rates. Will tariffs, discarded trade deals, and frayed alliances help or hurt the market?
Positive
The Motley Fool
2 weeks ago
3 Dividend Growth Stars That Can Generate a Lifetime of Passive Income
Generating reliable passive income requires more than just picking stocks with appealing current yields. The most successful income investors focus on companies that consistently grow their dividend payments year after year.
Positive
Seeking Alpha
1 month ago
13 Upcoming Dividend Increases Including 2 Kings
This week's dividend increases feature two dividend kings, Stepan and Tennant, with average increases of 7.4% and a median of 5.4%. Thirteen companies are increasing their dividends this week, with an average increase of 7.4% and a median of 5.4%. My strategy focuses on buying, holding, and adding companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Positive
Proactive Investors
1 month ago
Pan African expands into Australia with Tennant Creek gold acquisition
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) is expanding its operations into Australia with the all-share acquisition of the outstanding 92% of shares in Tennant Consolidated (TCMG), the developer of a gold project in Northern Territory. South Africa-based Pan African acquired an 8% stake in TCMG in March for US$3.4 million in cash and taking full ownership will cost $54.2 million.
Neutral
Seeking Alpha
1 month ago
Tennant Company (TNC) Q3 2024 Earnings Call Transcript
Tennant Company (NYSE:TNC ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Lorenzo Bassi - Vice President, Finance & Investor Relations Dave Huml - President & Chief Executive Officer Fay West - Senior Vice President & Chief Financial Officer Conference Call Participants Steve Ferazani - Sidoti Tom Hayes - CL King Aaron Reed - Northcoast Research Operator Good morning. My name is Regina, and I will be your conference operator today.
Neutral
The Motley Fool
1 month ago
Why Tennant Stock Plunged Today
Tennant's future remains bright, even if the market was less than pleased with the company's third-quarter results.
Positive
Zacks Investment Research
1 month ago
Tennant (TNC) Tops Q3 Earnings Estimates
Tennant (TNC) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.34 per share a year ago.
Neutral
Business Wire
1 month ago
Tennant Company Reports Third Quarter 2024 Results
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company ("Tennant" or the "Company") (NYSE: TNC) today reported its financial results for the quarter ended September 30, 2024. (In millions, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 Incr / (Decr) 2024 2023 Incr / (Decr) Net sales $ 315.8 $ 304.7 3.6 % $ 957.8 $ 932.2 2.7 % Net income $ 20.8 $ 22.9 (9.2 )% $ 77.1 $ 78.5 (1.8 )% Diluted EPS $ 1.09 .
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