Chris Killingstad Sells 4,427 Shares of Tennant (TNC) Stock

Tennant (NYSE:TNC) insider Chris Killingstad sold 4,427 shares of the stock in a transaction on Monday, April 16th. The shares were sold at an average price of $68.58, for a total transaction of $303,603.66. Following the completion of the sale, the insider now directly owns 154,273 shares of the company’s stock, valued at $10,580,042.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

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  • On Tuesday, April 10th, Chris Killingstad sold 44,272 shares of Tennant stock. The shares were sold at an average price of $68.55, for a total transaction of $3,034,845.60.

Shares of TNC stock opened at $70.80 on Thursday. Tennant has a 52-week low of $59.00 and a 52-week high of $76.80. The firm has a market capitalization of $1,238.28, a PE ratio of 45.97, a price-to-earnings-growth ratio of 3.65 and a beta of 0.86. The company has a quick ratio of 1.25, a current ratio of 1.79 and a debt-to-equity ratio of 1.16.

Tennant (NYSE:TNC) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Tennant had a negative net margin of 0.62% and a positive return on equity of 9.68%. The business had revenue of $279.30 million during the quarter, compared to analyst estimates of $262.13 million. During the same quarter in the prior year, the company posted $0.85 EPS. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. equities research analysts forecast that Tennant will post 1.89 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Elkfork Partners LLC acquired a new position in shares of Tennant in the 4th quarter valued at $155,000. Magnetar Financial LLC acquired a new position in shares of Tennant in the 3rd quarter valued at $204,000. Cubist Systematic Strategies LLC acquired a new position in shares of Tennant in the 3rd quarter valued at $221,000. SNS Financial Group LLC acquired a new position in shares of Tennant in the 4th quarter valued at $231,000. Finally, Brown Advisory Inc. acquired a new position in shares of Tennant in the 4th quarter valued at $291,000. Institutional investors own 91.05% of the company’s stock.

TNC has been the subject of a number of research reports. Zacks Investment Research raised shares of Tennant from a “strong sell” rating to a “hold” rating in a report on Saturday, January 13th. Dougherty & Co raised shares of Tennant from a “neutral” rating to a “buy” rating in a report on Monday, February 26th.

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About Tennant

Tennant Company designs, manufactures, and markets floor cleaning equipment. It 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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