AQR Capital Management LLC cut its position in Tennant (NYSE:TNC – Free Report) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,481 shares of the industrial products company’s stock after selling 441 shares during the quarter. AQR Capital Management LLC owned 0.22% of Tennant worth $4,182,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. YHB Investment Advisors Inc. purchased a new position in Tennant in the 1st quarter valued at about $36,000. CWM LLC lifted its stake in shares of Tennant by 290.9% in the second quarter. CWM LLC now owns 387 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 288 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Tennant in the second quarter valued at about $58,000. DekaBank Deutsche Girozentrale acquired a new stake in Tennant during the 1st quarter valued at approximately $86,000. Finally, Point72 DIFC Ltd purchased a new stake in Tennant during the 2nd quarter worth approximately $71,000. 93.33% of the stock is owned by institutional investors and hedge funds.
Tennant Price Performance
TNC opened at $91.99 on Friday. The company has a market capitalization of $1.74 billion, a P/E ratio of 15.28 and a beta of 1.00. The company has a 50-day moving average of $95.06 and a 200-day moving average of $103.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.17. Tennant has a 1-year low of $72.81 and a 1-year high of $124.11.
Tennant Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, August 30th. Tennant’s dividend payout ratio (DPR) is presently 18.60%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Tennant from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 5th.
View Our Latest Research Report on TNC
Tennant 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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