Tennant Company Stock Today
| TNC Stock | USD 118.55 3.37 2.93% |
Performance21 of 100
| Odds Of DistressLess than 6
|
Tennant is trading at 118.55 as of the 24th of April 2024, a 2.93 percent increase since the beginning of the trading day. The stock's open price was 115.18. Tennant has only a 6 % chance of going through financial distress over the next few years and had a solid performance during 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 30th of April 2023 and ending today, the 24th of April 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 19.01 M outstanding shares of which 525.22 K shares are at this time shorted by investors with about 3.04 days to cover. More on Tennant Company
Moving together with Tennant Stock
| 0.7 | B | Barnes Group Earnings Call Today | PairCorr |
| 0.87 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.78 | HI | Hillenbrand Earnings Call This Week | PairCorr |
| 0.94 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
| 0.93 | PH | Parker Hannifin Financial Report 2nd of May 2024 | PairCorr |
Moving against Tennant Stock
| 0.86 | ATS | ATS Corporation | PairCorr |
| 0.59 | RR | Richtech Robotics Class | PairCorr |
| 0.42 | BW | Babcock Wilcox Enter Financial Report 8th of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 26th of April 2024
Tennant Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Tennant's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tennant or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Chris Killingstad | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NYSE Composite, VN Index, SP Small-Cap 600, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Tennant report their recommendations after researching Tennant's financial statements, talking to executives and customers, or listening in on Tennant's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Tennant Company. The Tennant consensus assessment is calculated by taking the average forecast from all of the analysts covering Tennant. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Tennant's liquidity, profitability, solvency, and operating efficiency, Tennant Company may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Tennant Company is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tennant's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Tennant's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to 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.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 4,457 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 2.19 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Tennant's market, we take the total number of its shares issued and multiply it by Tennant's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Tennant Company runs under Machinery sector within Industrials industry. The entity has 19.01 M outstanding shares of which 525.22 K shares are at this time shorted by investors with about 3.04 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.
Check Tennant Probability Of Bankruptcy
Ownership AllocationTennant Company shows a total of 19.01 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.
Check Tennant Ownership Details
Tennant Stock Price Odds Analysis
What are Tennant's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Tennant jumping above the current price in 90 days from now is about 16.81%. The Tennant Company probability density function shows the probability of Tennant stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.2564. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tennant will likely underperform. Additionally, tennant Company has an alpha of 0.2673, implying that it can generate a 0.27 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Tennant to move above the current price in 90 days from now is about 16.81 (This Tennant Company probability density function shows the probability of Tennant Stock to fall within a particular range of prices over 90 days) .
Tennant Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Tennant that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tennant's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tennant's value.| Instituion | Recorded On | Shares | |
| Millennium Management Llc | 2023-12-31 | 291.8 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 277 K | |
| Deprince Race & Zollo Inc | 2023-12-31 | 234.7 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 231.1 K | |
| Northern Trust Corp | 2023-12-31 | 195.2 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 194.8 K | |
| Prudential Financial Inc | 2023-12-31 | 192.4 K | |
| Charles Schwab Trust Company (cstc) | 2024-03-31 | 184.2 K | |
| Gabelli Funds Llc | 2023-12-31 | 174 K | |
| Blackrock Inc | 2023-12-31 | 3.1 M | |
| Vanguard Group Inc | 2023-12-31 | 2.3 M |
Tennant Historical Income Statement
Tennant Company Income Statement is one of the three primary financial statements used for reporting Tennant's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Tennant Company revenue and expense. Tennant Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Tennant's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 145.5 M, whereas Total Revenue is forecasted to decline to about 627.5 M. View More FundamentalsTennant Stock Against Markets
Picking the right benchmark for Tennant stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Tennant stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Tennant is critical whether you are bullish or bearish towards Tennant Company at a given time. Please also check how Tennant's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tennant without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Analyzer Now
Portfolio AnalyzerPortfolio analysis module that provides access to portfolio diagnostics and optimization engine |
| All Next | Launch Module |
Tennant Corporate Directors
Tennant corporate directors refer to members of a Tennant board of directors. The board of directors generally takes responsibility for the Tennant's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Tennant's board members must vote for the resolution. The Tennant board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Mathieson | Independent Director | Profile | |
| Donal Mulligan | Independent Director | Profile | |
| Carol Eicher | Independent Director | Profile | |
| Stephen Shank | Lead Independent Director | Profile |
How to buy Tennant Stock?
Before investing in Tennant, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Tennant. To buy Tennant stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Tennant. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Tennant stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Tennant Company stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Tennant Company stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Tennant Company, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Tennant Stock please use our How to Invest in Tennant guide.
Already Invested in Tennant Company?
The danger of trading Tennant Company is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Tennant is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Tennant. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tennant Company is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Tennant Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tennant's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tennant Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tennant Company Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tennant Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Tennant Stock analysis
When running Tennant's price analysis, check to measure Tennant's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tennant is operating at the current time. Most of Tennant's value examination focuses on studying past and present price action to predict the probability of Tennant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tennant's price. Additionally, you may evaluate how the addition of Tennant to your portfolios can decrease your overall portfolio volatility.
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |
Is Tennant's industry 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 0.28 | Dividend Share 1.075 | Earnings Share 5.83 | Revenue Per Share 67.187 | Quarterly Revenue Growth 0.07 |
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.