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How to buy Tennant Company stock
Learn how to easily invest in Tennant Company stock.
Tennant Company is a specialty industrial machinery business based in the US. Tennant Company shares (TNC) are listed on the NYSE and all prices are listed in US Dollars. Tennant Company employs 4,250 staff and has a trailing 12-month revenue of around $1.1 billion.
How to buy shares in Tennant Company
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – TNC – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
Tennant Company stock price (NYSE: TNC)Use our graph to track the performance of TNC stocks over time.
Tennant Company shares at a glance
|Latest market close||$60.16|
|52-week range||$54.68 - $84.65|
|50-day moving average||$63.46|
|200-day moving average||$69.36|
|Wall St. target price||$87.67|
|Dividend yield||$0.98 (1.77%)|
|Earnings per share (TTM)||$3.00|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Tennant Company stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Tennant Company price performance over time
|1 week (2022-09-29)||5.32%|
|1 month (2022-09-06)||2.02%|
|3 months (2022-07-06)||2.78%|
|6 months (2022-04-06)||-19.01%|
|1 year (2021-10-06)||-21.54%|
|2 years (2020-10-06)||0.20%|
|3 years (2019-10-04)||69.15|
|5 years (2017-10-06)||67.15|
Is Tennant Company stock undervalued or overvalued?
Valuing Tennant Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tennant Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Tennant Company's P/E ratio
Tennant Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Tennant Company shares trade at around 19x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Tennant Company's PEG ratio
Tennant Company's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.01. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tennant Company's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Tennant Company's EBITDA
Tennant Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $125.9 million.
The EBITDA is a measure of a Tennant Company's overall financial performance and is widely used to measure a its profitability.
Tennant Company financials
|Revenue TTM||$1.1 billion|
|Operating margin TTM||6.86%|
|Gross profit TTM||$438.8 million|
|Return on assets TTM||4.42%|
|Return on equity TTM||12.92%|
|Market capitalisation||$1.1 billion|
TTM: trailing 12 months
Tennant Company share dividends
Dividend payout ratio: 27.1% of net profits
Recently Tennant Company has paid out, on average, around 27.1% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Tennant Company shareholders could enjoy a 1.77% return on their shares, in the form of dividend payments. In Tennant Company's case, that would currently equate to about $0.98 per share.
While Tennant Company's payout ratio might seem fairly standard, it's worth remembering that Tennant Company may be investing much of the rest of its net profits in future growth.
Tennant Company's most recent dividend payout was on 14 September 2022. The latest dividend was paid out to all shareholders who bought their shares by 29 August 2022 (the "ex-dividend date").
Have Tennant Company's shares ever split?
Tennant Company's shares were split on a 2:1 basis on 25 July 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Tennant Company shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Tennant Company shares which in turn could have impacted Tennant Company's share price.
Tennant Company share price volatility
Over the last 12 months, Tennant Company's shares have ranged in value from as little as $54.6833 up to $84.6458. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Tennant Company's is 1.0783. This would suggest that Tennant Company's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Tennant Company overview
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, specialty surface coatings, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.
Tennant Company in the news
Tennant Company Recognizes Superhero Custodians with The Launch of Its Fourth Annual Custodians Are Key Campaign
Frequently asked questionsWhat percentage of Tennant Company is owned by insiders or institutions?
Currently 1.483% of Tennant Company shares are held by insiders and 95.356% by institutions. How many people work for Tennant Company?
Latest data suggests 4,250 work at Tennant Company. When does the fiscal year end for Tennant Company?
Tennant Company's fiscal year ends in December. Where is Tennant Company based?
Tennant Company's address is: 10400 Clean Street, Eden Prairie, MN, United States, 55344-2650 What is Tennant Company's ISIN number?
Tennant Company's international securities identification number is: US8803451033 What is Tennant Company's CUSIP number?
Tennant Company's Committee on Uniform Securities Identification Procedures number is: 880345103
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