Tennant (NYSE:TNC) CEO Chris Killingstad sold 6,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $70.00, for a total transaction of $455,000.00. Following the completion of the transaction, the chief executive officer now directly owns 159,308 shares of the company’s stock, valued at approximately $11,151,560. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Thursday, September 5th, Chris Killingstad sold 2,200 shares of Tennant stock. The stock was sold at an average price of $68.00, for a total value of $149,600.00.
  • On Thursday, August 1st, Chris Killingstad sold 12,843 shares of Tennant stock. The stock was sold at an average price of $73.34, for a total value of $941,905.62.
  • On Tuesday, July 16th, Chris Killingstad sold 12,843 shares of Tennant stock. The shares were sold at an average price of $66.29, for a total value of $851,362.47.
  • On Tuesday, June 18th, Chris Killingstad sold 12,843 shares of Tennant stock. The shares were sold at an average price of $61.64, for a total value of $791,642.52.

Shares of Tennant stock traded up $3.62 during trading on Wednesday, hitting $73.12. The stock had a trading volume of 76,855 shares, compared to its average volume of 75,485. Tennant has a 12 month low of $48.97 and a 12 month high of $79.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.23. The firm’s fifty day simple moving average is $68.01 and its 200-day simple moving average is $63.82. The stock has a market cap of $1.24 billion, a PE ratio of 33.54 and a beta of 1.24.

Tennant (NYSE:TNC) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.79 by $0.34. Tennant had a net margin of 3.35% and a return on equity of 15.61%. The company had revenue of $299.70 million for the quarter, compared to the consensus estimate of $301.00 million. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Tennant will post 2.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.20%. Tennant’s dividend payout ratio (DPR) is presently 40.37%.

A number of equities analysts have recently commented on TNC shares. ValuEngine cut Tennant from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. TheStreet upgraded Tennant from a “c+” rating to a “b” rating in a report on Wednesday, July 31st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of Tennant by 237.0% in the second quarter. Tower Research Capital LLC TRC now owns 674 shares of the industrial products company’s stock worth $41,000 after buying an additional 474 shares during the period. Royal Bank of Canada lifted its stake in shares of Tennant by 264.7% during the 2nd quarter. Royal Bank of Canada now owns 755 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 548 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Tennant during the 2nd quarter worth approximately $49,000. Quantamental Technologies LLC boosted its holdings in Tennant by 79.9% during the 1st quarter. Quantamental Technologies LLC now owns 894 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 397 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Tennant during the 2nd quarter valued at $71,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

About Tennant

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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