10,038 Shares in Tennant (NYSE:TNC) Bought by Semanteon Capital Management LP

by · The Markets Daily

Semanteon Capital Management LP acquired a new position in shares of Tennant (NYSE:TNC – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,038 shares of the industrial products company’s stock, valued at approximately $964,000. Semanteon Capital Management LP owned 0.05% of Tennant as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TNC. Inspire Investing LLC boosted its position in shares of Tennant by 141.5% during the 1st quarter. Inspire Investing LLC now owns 10,277 shares of the industrial products company’s stock worth $1,250,000 after purchasing an additional 6,021 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Tennant by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,291,226 shares of the industrial products company’s stock worth $278,636,000 after acquiring an additional 40,711 shares in the last quarter. Victory Capital Management Inc. grew its stake in Tennant by 98.0% in the second quarter. Victory Capital Management Inc. now owns 22,290 shares of the industrial products company’s stock valued at $2,194,000 after acquiring an additional 11,034 shares during the period. TD Asset Management Inc raised its position in shares of Tennant by 129.3% during the second quarter. TD Asset Management Inc now owns 13,300 shares of the industrial products company’s stock worth $1,309,000 after purchasing an additional 7,500 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Tennant by 6.8% in the 1st quarter. Acadian Asset Management LLC now owns 104,572 shares of the industrial products company’s stock worth $12,712,000 after purchasing an additional 6,644 shares in the last quarter. 93.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Tennant from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 5th.

Check Out Our Latest Analysis on Tennant

Tennant Stock Up 0.9 %

NYSE TNC traded up $0.83 during trading hours on Monday, hitting $91.38. The company’s stock had a trading volume of 2,469 shares, compared to its average volume of 117,858. The company has a current ratio of 2.17, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33. The company’s 50-day simple moving average is $93.53 and its two-hundred day simple moving average is $100.30. The company has a market capitalization of $1.73 billion, a PE ratio of 15.64 and a beta of 1.00. Tennant has a 52 week low of $73.82 and a 52 week high of $124.11.

Tennant (NYSE:TNC – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.11. Tennant had a return on equity of 22.23% and a net margin of 8.76%. The business had revenue of $331.00 million during the quarter, compared to the consensus estimate of $327.00 million. During the same quarter in the prior year, the company posted $1.86 earnings per share. Tennant’s revenue was up 2.9% compared to the same quarter last year. Research analysts anticipate that Tennant will post 6.48 EPS for the current fiscal year.

Tennant Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, August 30th. Tennant’s dividend payout ratio is presently 19.34%.

Tennant Company Profile

(Free Report)

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. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions.

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