Chris Killingstad Sells 12,843 Shares of Tennant (NYSE:TNC) Stock

Tennant (NYSE:TNC) CEO Chris Killingstad sold 12,843 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $73.34, for a total value of $941,905.62. Following the completion of the transaction, the chief executive officer now directly owns 168,008 shares in the company, valued at approximately $12,321,706.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • 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 TNC stock traded down $1.96 on Monday, hitting $69.27. The stock had a trading volume of 130,009 shares, compared to its average volume of 76,482. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.10. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 31.78 and a beta of 1.17. Tennant has a 1 year low of $48.97 and a 1 year high of $81.40. The firm has a 50 day moving average of $63.29.

Tennant (NYSE:TNC) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.34. The firm had revenue of $299.70 million for the quarter, compared to the consensus estimate of $301.00 million. Tennant had a return on equity of 15.61% and a net margin of 3.35%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. Equities analysts forecast that Tennant will post 2.75 earnings per share for the current fiscal year.

TNC has been the topic of several recent analyst reports. TheStreet raised Tennant from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. Zacks Investment Research downgraded Tennant from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, ValuEngine upgraded Tennant from a “hold” rating to a “buy” rating in a report on Thursday.

Several hedge funds have recently bought and sold shares of TNC. Bessemer Group Inc. purchased a new stake in shares of Tennant in the 2nd quarter valued at $49,000. Quantamental Technologies LLC raised its holdings in shares of Tennant by 79.9% in the 1st quarter. Quantamental Technologies LLC now owns 894 shares of the industrial products company’s stock valued at $56,000 after buying an additional 397 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Tennant in the 1st quarter valued at $85,000. Nisa Investment Advisors LLC raised its holdings in shares of Tennant by 2,818.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,210 shares of the industrial products company’s stock valued at $199,000 after buying an additional 3,100 shares during the period. Finally, Actinver Wealth Management Inc. purchased a new stake in shares of Tennant in the 4th quarter valued at $216,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Tennant Company Profile

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.

Further Reading: The Structure of a Futures Contract

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

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