Carol Eicher, a director of Tennant Co (NYSE:TNC), has sold 2,298 shares of the company on February 28, 2024, according to a recent SEC Filing. The transaction was executed at a price of $116.45 per share, resulting in a total sale amount of $267,677.10.
Tennant Co is a global leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, healthier world. Its products include equipment for maintaining surfaces in industrial, commercial, and outdoor environments; detergent-free and other sustainable cleaning technologies; and coatings for protecting, repairing, and upgrading surfaces. With a market cap of $2.107 billion, Tennant Co operates in various segments and continues to innovate in the field of cleaning solutions.
Over the past year, the insider has sold a total of 2,298 shares of Tennant Co and has not made any purchases. The company's insider transaction history indicates a total of 15 insider sells and no insider buys over the same timeframe.
On the day of the insider's recent sale, shares of Tennant Co were trading at $116.45, giving the company a market cap of $2.107 billion. The price-earnings ratio stood at 19.42, which is lower than the industry median of 22 and also below the company’s historical median price-earnings ratio.
The stock's price of $116.45 compared to the GuruFocus Value of $87.12 suggests that Tennant Co has a price-to-GF-Value ratio of 1.34, indicating that the stock is modestly overvalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent selling activity by insiders of Tennant Co, providing investors with a snapshot of the company's insider sentiment.
The GF Value image above offers an insight into the stock's valuation, suggesting that Tennant Co is currently trading above its intrinsic value as estimated by GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
