2024-01-23 01:40:17 ET
Summary
- Tennant Company's stock performance has outperformed the broader market, up 33% in the last 12 months.
- TNC operates in the floor cleaning equipment market and has a diverse product range.
- The company's growth outlook is not strong, making it a resilient dividend payer and a potential hold for investors.
Investment Rundown
The stock performance for Tennant Company ( TNC ) has been on a strong move over the last 12 months outperforming the broader markets, being up 33%. TNC is included in the industrial sector and more specifically the industrial machinery & supplies components industry. The product portfolio remains well diversified for the business and margins are at the highest levels in the last few years even as the interest rates have rapidly risen in the US. I think this underscores some of the demand that TNC still experiences and its strong market position has helped it hedge against what for others has been a very turbulent year....
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For further details see:
Tennant: Resilient In Times Of Turbulence