Sfe Investment Counsel Lowers stake in Tennant Company (TNC)

Tennant Company (TNC) : Sfe Investment Counsel reduced its stake in Tennant Company by 7.9% during the most recent quarter end. The investment management company now holds a total of 36,125 shares of Tennant Company which is valued at $2,279,126 after selling 3,100 shares in Tennant Company , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Tennant Company makes up approximately 1.02% of Sfe Investment Counsel’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c reduced its stake in TNC by selling 900 shares or 48.39% in the most recent quarter. The Hedge Fund company now holds 960 shares of TNC which is valued at $60,566. Tennant Company makes up approx 0.01% of Spot Trading L.l.c’s portfolio.Emerald Advisers Incpa boosted its stake in TNC in the latest quarter, The investment management firm added 3,400 additional shares and now holds a total of 199,781 shares of Tennant Company which is valued at $12,801,966. Tennant Company makes up approx 0.58% of Emerald Advisers Incpa’s portfolio.Strs Ohio reduced its stake in TNC by selling 200 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 15,800 shares of TNC which is valued at $996,348.Huntington National Bank reduced its stake in TNC by selling 355 shares or 61.74% in the most recent quarter. The Hedge Fund company now holds 220 shares of TNC which is valued at $13,873.

Tennant Company closed down -0.4 points or -0.63% at $63.47 with 36,930 shares getting traded on Monday. Post opening the session at $63.93, the shares hit an intraday low of $63.29 and an intraday high of $64.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Tennant Company reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.72. The company had revenue of $216.80 million for the quarter, compared to analysts expectations of $210.61 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Tennant Company (Tennant) provides cleaning products and solutions. The Company is engaged in designing manufacturing and marketing cleaning solutions. The Company is organized into four operating segments: North America; Latin America; Europe Middle East Africa and Asia Pacific. The Company offers products and solutions mainly consisting of mechanized cleaning equipment chemical-free and other sustainable cleaning technologies aftermarket parts and consumables equipment maintenance and repair service specialty surface coatings and business solutions such as financing rental and leasing programs. The Company offers its water-based sustainable cleaning offering ec-H2O on walk-behind and rider scrubbers. The Company’s markets include industries such as retail manufacturing/warehousing education healthcare and hospitality among others. The Company’s brands include Tennant Nobles Green Machines Alfa Uma Empresa Tennant and Orbio.

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