TNC - TENNANT CO （）

BIRMINGHAM, MI / ACCESSWIRE / May 26, 2023 / Rize Strategic Capital , a venture capital firm, has announced its acquisition of Axis Total Management Solutions (TMS) , a Software as a Service (SaSS) platform for the trucking and logistics industry. The goal in acquiring Axis TMS was to expand Rize''s portfolio and increase its diversity and investment in sustainability. Rize seeks to create a nuclear portfolio designed to withstand a number of economic conditions, but also prioritizes managing companies dedicated to sustainability efforts. By acquiring Axis TMS, Rize accomplishes two goals: expanding into a new industry (trucking and logistics), thus growing its portfolio diversity; and participating in a company that puts a significant emphasis on sustainability. The team at Rize prefers an involved, hands-on management style, and carefully curates companies with characteristics and goals that align with those of the venture capital firm. Rize co-founder Christian Grothe states that Axis TMS is this type of company. "We believe in being active managers in our portfolio companies, providing them with the necessary resources, guidance, and expertise to unlock their full potential," he explains. "Axis TMS is the type of company we look for when it comes to balancing aggressive growth potential with stability and sustainability." His co-founder Nick Tennant agrees, adding that Rize does not look merely for short-term gains, but instead, prefers to focus on the fundamentals of each company it works with. "We feel that the trucking and logistics industry is a key point for encouraging sustainability," Tennant reveals. "While the market plays a significant role in global commerce, it also has a considerable impact on the environment due to carbon emissions and fuel consumption." He adds that Axis TMS is working toward reducing this impact.

Tennant Company''s margins should benefit from higher price realization, volume growth, and streamlining its operations. See why TNC stock is a Buy.

According to Benzinga Pro, during Q1, Tennant (NYSE: TNC ) earned $24.30 million, a 2.1% increase from the preceding quarter. Tennant also posted a total of $305.80 million in sales, a 5.09% increase since Q4. Tennant earned $23.80 million, and sales totaled $291.00 million in Q4. What Is ROIC? Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative to invested capital by a business. Generally, a higher ROIC suggests successful growth of … Full story available on Benzinga.com

Tennant Company (NYSE:NYSE:TNC) Q1 2023 Results Conference Call April 28, 2022 10:00 AM ETCompany ParticipantsLorenzo Bassi - Vice President of FinanceDave Huml - President and Chief…

At 17 times earnings, Tennant stock looks like a buy -- if it can keep the growth going.

Tennant (TNC) declares $0.25/share quarterly dividend, in line with previous.

MINNEAPOLIS--(BUSINESS WIRE)--Directors of Tennant Company (NYSE: TNC) today declared a regular quarterly cash dividend of 25 cents per share payable September 15, 2022, to shareholders of record at the close of business on August 31, 2022. Company Profile Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. Its products include equipment fo

Tennant Company (NYSE: TNC) announced today that the company will report its 2022 second quarter results on Tuesday, August 9, 2022. The company will

Tennant Company found using ticker (TNC) have now 2 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 85 and 82 calculating the mean target price we have 83.5. Now with the previous closing price of 58.36 this would indicate that there is a potential upside of 43.1%. The 50 day moving average now sits at 60.21 while the 200 day moving average is 73.89. The market capitalisation for the company is $1,102m. You can visit the company''s website by visiting: https://www.tennantco.com [stock_market_widget type="chart" template="basic" color="green" assets="TNC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,576m based on the market concensus. 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.

Tennant Company found using ticker (TNC) now have 2 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 85 and 82 and has a mean target at 83.5. With the stocks previous close at 61.7 this indicates there is a potential upside of 35.3%. The 50 day MA is 66.67 while the 200 day moving average is 75.68. The company has a market capitalisation of $1,108m. You can visit the company''s website by visiting: https://www.tennantco.com [stock_market_widget type="chart" template="basic" color="green" assets="TNC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,500m based on the market concensus. 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.

Millennium Management LLC boosted its stake in Tennant (NYSE:TNC) by 63.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,888 shares of the industrial products companys stock after purchasing an additional 3,836 shares during the period. Millennium Management LLC owned about 0.05% of [] The post Millennium Management LLC Increases Stake in Tennant (NYSE:TNC) appeared first on ETF Daily News .

Parametric Portfolio Associates LLC boosted its position in Tennant (NYSE:TNC) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,163 shares of the industrial products companys stock after purchasing an additional 5,359 shares during the period. Parametric Portfolio Associates LLC owned []

Tennant Company with ticker code (TNC) have now 3 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 93 and 83 with a mean TP of 89. Now with the previous closing price of 84.24 this now indicates there is a potential upside of 5.7%. The 50 day moving average now sits at 78.58 and the 200 day MA is 78.74. The company has a market capitalisation of $1,496m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="TNC" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] 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 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.

California State Teachers Retirement System lessened its stake in Tennant (NYSE:TNC) by 7.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 25,504 shares of the industrial products companys stock after selling 2,052 shares during the quarter. California State Teachers Retirement Systems holdings in Tennant were worth $2,036,000 []