Tennant Company (TNC) CFO Thomas Paulson Sells 7,500 Shares

Tennant Company (NYSE:TNC) CFO Thomas Paulson sold 7,500 shares of Tennant Company stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $71.71, for a total transaction of $537,825.00. Following the sale, the chief financial officer now owns 38,229 shares of the company’s stock, valued at approximately $2,741,401.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tennant Company (NYSE:TNC) traded down 0.882% on Thursday, reaching $70.275. 20,746 shares of the company traded hands. The stock has a market capitalization of $1.24 billion, a PE ratio of 27.133 and a beta of 1.04. The firm has a 50 day moving average of $71.49 and a 200-day moving average of $69.54. Tennant Company has a one year low of $49.97 and a one year high of $76.80.

Tennant Company (NYSE:TNC) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.09. Tennant Company had a net margin of 5.54% and a return on equity of 17.78%. The business earned $211.70 million during the quarter, compared to analysts’ expectations of $213.61 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. Tennant Company’s revenue was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Tennant Company will post $2.63 EPS for the current year.

Insider Buying and Selling by Quarter for Tennant Company (NYSE:TNC)

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Thursday, March 2nd were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.18%. Tennant Company’s dividend payout ratio (DPR) is currently 34.01%.

COPYRIGHT VIOLATION WARNING: “Tennant Company (TNC) CFO Thomas Paulson Sells 7,500 Shares” was originally published by sleekmoney and is the property of of sleekmoney. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at http://sleekmoney.com/tennant-company-tnc-cfo-thomas-paulson-sells-7500-shares/1739173.html.

Several equities research analysts have recently commented on the stock. Jefferies Group LLC lifted their price target on shares of Tennant Company from $62.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, March 23rd. Canaccord Genuity cut shares of Tennant Company from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Finally, Zacks Investment Research cut shares of Tennant Company from a “hold” rating to a “sell” rating in a research report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Tennant Company has an average rating of “Hold” and an average target price of $69.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its position in Tennant Company by 27.4% in the fourth quarter. Teachers Advisors LLC now owns 38,516 shares of the company’s stock worth $2,742,000 after buying an additional 8,282 shares during the period. Norges Bank bought a new position in Tennant Company during the fourth quarter worth approximately $2,287,000. Wexford Capital LP bought a new position in Tennant Company during the fourth quarter worth approximately $622,000. GSA Capital Partners LLP bought a new position in Tennant Company during the fourth quarter worth approximately $403,000. Finally, Arrowpoint Asset Management LLC boosted its position in Tennant Company by 3.5% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,260,653 shares of the company’s stock worth $89,758,000 after buying an additional 42,046 shares during the period. 88.32% of the stock is owned by hedge funds and other institutional investors.

Tennant Company Company Profile

Tennant Company is engaged in designing, manufacturing and marketing of cleaning solutions. The Company’s segments are Americas; Europe, Middle East, Africa, and Asia Pacific. The Company offers a range of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings and asset management solutions.

5 Day Chart for NYSE:TNC

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/tennant-company-tnc-cfo-thomas-paulson-sells-7500-shares/1739173.html

Receive News & Ratings for Tennant Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tennant Company and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *