Van ECK Associates Corp decreased its stake in Tennant (NYSE:TNC – Free Report) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,281 shares of the industrial products company’s stock after selling 6,492 shares during the quarter. Van ECK Associates Corp owned about 0.17% of Tennant worth $2,212,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Texas Permanent School Fund Corp lifted its stake in shares of Tennant by 33.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 16,677 shares of the industrial products company’s stock worth $1,143,000 after acquiring an additional 4,175 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Tennant by 4.8% during the 1st quarter. Inspire Investing LLC now owns 4,121 shares of the industrial products company’s stock worth $282,000 after acquiring an additional 188 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Tennant by 72.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 38,098 shares of the industrial products company’s stock worth $2,611,000 after acquiring an additional 15,959 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Tennant by 1.3% during the 1st quarter. Raymond James & Associates now owns 16,399 shares of the industrial products company’s stock worth $1,124,000 after acquiring an additional 204 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Tennant by 0.3% during the 4th quarter. Legal & General Group Plc now owns 53,493 shares of the industrial products company’s stock worth $3,294,000 after acquiring an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on Tennant in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company.
Tennant Trading Down 0.1 %
Shares of NYSE TNC opened at $80.17 on Thursday. The company has a quick ratio of 1.48, a current ratio of 2.27 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $79.20 and a two-hundred day simple moving average of $73.18. The firm has a market cap of $1.48 billion, a PE ratio of 18.69 and a beta of 1.10. Tennant has a twelve month low of $56.04 and a twelve month high of $82.07.
Insider Buying and Selling at Tennant
In other Tennant news, SVP Carol E. Mcknight sold 3,832 shares of Tennant stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $77.57, for a total transaction of $297,248.24. Following the completion of the sale, the senior vice president now directly owns 22,031 shares of the company’s stock, valued at approximately $1,708,944.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Carol E. Mcknight sold 3,832 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $77.57, for a total value of $297,248.24. Following the completion of the transaction, the senior vice president now directly owns 22,031 shares of the company’s stock, valued at approximately $1,708,944.67. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Carol E. Mcknight sold 4,445 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $75.74, for a total value of $336,664.30. Following the completion of the transaction, the senior vice president now directly owns 21,760 shares of the company’s stock, valued at $1,648,102.40. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Tennant Company Profile
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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