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In a recent transaction reported to the Securities and Exchange Commission, Azita Arvani, a director at Tennant Co (NYSE:TNC), sold shares of the company’s common stock valued at approximately $200,950. The sale took place on February 28, 2025, with shares sold at an average price of $85.22 each. The transaction comes as the $1.55 billion market cap company trades near its 52-week low, with InvestingPro analysis suggesting the stock may be undervalued at current levels.
On the same day, Arvani exercised stock options to acquire 2,358 shares of Tennant Co at a price of $65.12 per share. Following these transactions, Arvani holds 15,238 shares of Tennant Co.
The transactions were part of routine trading activity and reflect Arvani’s ongoing management of her investment in Tennant Co, a company specializing in the manufacture of cleaning equipment. The company maintains a strong financial position with a GOOD health score and has raised its dividend for 32 consecutive years. Discover more insights and 8 additional ProTips about Tennant Co on InvestingPro.
In other recent news, Tennant Company reported its fourth-quarter earnings for 2024, surpassing analysts’ expectations with an earnings per share (EPS) of $1.52, compared to the forecasted $1.35. Revenue also exceeded projections, reaching $328.9 million against the anticipated $323.8 million. Despite these positive results, Tennant’s stock fell by 3.82% in after-hours trading, reflecting investor concerns over future guidance and market conditions. The company anticipates a slight decline in organic sales for 2025, projecting net sales between $1.21 billion and $1.25 billion.
Additionally, Tennant aims for its autonomous mobile robot (AMR) product line to exceed $100 million in revenue by 2027. The company’s strategic investments, such as the acquisition of TCS, contributed to its growth, particularly in Eastern Europe. Tennant continues to focus on its enterprise strategy, which includes price growth and product innovations. Analysts at Sidoti and CL King have shown interest in the company’s future plans, highlighting its efforts to maintain strong order rates and expand its market presence.
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