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Tennant Company Buyback

OLI recorded this information on 6/22/2015

Company: Tennant Company
Buyback: TNC buyback
Share Amount Authorized: 1000000
Buyback Details: Directors of Tennant Company (NYSE:TNC) today authorized a new share repurchase program of up to one million shares of the company's common stock. This is in addition to approximately 185,000 shares remaining under its current repurchase program. Share repurchases under these programs may be made through open market and privately negotiated transactions from time to time and in amounts that management deems appropriate. The timing of share repurchases will depend upon market conditions and other corporate considerations. Tennant has approximately 18,300,000 shares outstanding.

Tennant is a manufacturer of floor cleaning equipment. Co. provides products and solutions consisting of mechanized cleaning equipment, detergent-free and other cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions. Co.'s products are used in several types of environments including retail establishments, distribution centers, factories and warehouses, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets.

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Company Name: 
Tennant Co.
Stock buyback: 
TNC buyback
Website: 
www.tennantco.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding TNC: 
59
Total Market Value Held by ETFs: 
$258.47M
Total Market Capitalization: 
$1.10B
% of Market Cap. Held by ETFs: 
23.45%
 

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Buy (3.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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