Tennant (NYSE:TNC) Shares Unloaded Rep. Susie Lee

Representative Susie Lee (D-Nevada) recently sold shares of Tennant (NYSE:TNC). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Tennant stock on March 14th. The trade occurred in the Representative’s “SUZANNE K LEE TRUST > FIDELITY BROKERAGE 402” account.

Representative Susie Lee also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Full House Resorts (NASDAQ:FLL) on 3/28/2025.
• Sold $15,001 – $50,000 in shares of Full House Resorts (NASDAQ:FLL) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Sony Group (NYSE:SONY) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Marriott International (NASDAQ:MAR) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Century Casinos (NASDAQ:CNTY) on 3/14/2025.
• Sold $15,001 – $50,000 in shares of Starbucks (NASDAQ:SBUX) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Golden Entertainment (NASDAQ:GDEN) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Wynn Resorts (NASDAQ:WYNN) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of MGM Resorts International (NYSE:MGM) on 3/14/2025.
• Sold $1,001 – $15,000 in shares of Carnival Co. & (NYSE:CCL) on 3/14/2025.

Tennant Trading Down 0.4 %

Shares of NYSE TNC opened at $70.97 on Wednesday. Tennant has a twelve month low of $67.80 and a twelve month high of $119.71. The company has a quick ratio of 1.43, a current ratio of 1.97 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 16.20 and a beta of 0.97. The company’s fifty day moving average is $81.89 and its 200-day moving average is $85.15.

Tennant (NYSE:TNC) last issued its quarterly earnings results on Monday, February 17th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.13. The company had revenue of $328.90 million during the quarter, compared to analysts’ expectations of $324.00 million. Tennant had a net margin of 6.51% and a return on equity of 19.98%. Equities research analysts predict that Tennant will post 5.89 EPS for the current year.

Tennant Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, February 28th. Tennant’s dividend payout ratio is 26.94%.

Tennant announced that its Board of Directors has approved a stock buyback plan on Thursday, February 13th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at Tennant

In related news, SVP Barb Balinski sold 1,717 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $86.42, for a total value of $148,383.14. Following the sale, the senior vice president now owns 11,829 shares in the company, valued at approximately $1,022,262.18. This trade represents a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard H. Zay sold 7,053 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.58, for a total value of $617,701.74. Following the completion of the transaction, the insider now owns 25,770 shares in the company, valued at $2,256,936.60. This represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

TNC has been the subject of several recent analyst reports. Northcoast Research assumed coverage on shares of Tennant in a research note on Thursday, December 19th. They issued a “buy” rating and a $125.00 target price for the company. StockNews.com downgraded Tennant from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its position in Tennant by 668.9% during the 4th quarter. Sterling Capital Management LLC now owns 346 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 301 shares during the last quarter. GAMMA Investing LLC increased its position in Tennant by 429.0% in the 1st quarter. GAMMA Investing LLC now owns 492 shares of the industrial products company’s stock valued at $39,000 after buying an additional 399 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Tennant by 194.8% in the 1st quarter. Farther Finance Advisors LLC now owns 619 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 409 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Tennant during the fourth quarter valued at about $59,000. Finally, TD Private Client Wealth LLC increased its position in shares of Tennant by 43.7% during the third quarter. TD Private Client Wealth LLC now owns 839 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 93.33% of the company’s stock.

About Representative Lee

Susie Lee (Democratic Party) is a member of the U.S. House, representing Nevada’s 3rd Congressional District. She assumed office on January 3, 2019. Her current term ends on January 3, 2027.

Lee (Democratic Party) is running for re-election to the U.S. House to represent Nevada’s 3rd Congressional District. She declared candidacy for the 2026 election.

Susie Lee attended Carnegie Mellon University in Pittsburgh and graduated with honors, earning a master’s degree in public management. After college, she worked in Massachusetts at an environmental and economic consulting firm that specialized in water resource issues. She moved to Las Vegas, Nevada, in 1993, where she then worked as a campaign policy advisor to Las Vegas Mayor Jan Laverty Jones and founded a homeless shelter for parents and children in need. In 2010, she became the president of the board of Communities In Schools of Nevada (CIS), a program that seeks to lower high school dropout rates. Lee has served on several other boards and committees in the Las Vegas area.

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.