Applied Industrial Technologies, Inc. (AIT) Analysts See $0.86 EPS; Tennant Co (TNC) Sentiment Is 1.25

April 17, 2018 - By Dolores Ford

Applied Industrial Technologies, Inc. (NYSE:AIT) Logo

Tennant Co (TNC) investors sentiment decreased to 1.25 in 2017 Q4. It’s down -0.06, from 1.31 in 2017Q3. The ratio dropped, as 69 investment professionals increased or opened new equity positions, while 55 sold and reduced stock positions in Tennant Co. The investment professionals in our database now own: 15.88 million shares, down from 16.30 million shares in 2017Q3. Also, the number of investment professionals holding Tennant Co in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 14 Reduced: 41 Increased: 46 New Position: 23.

Analysts expect Applied Industrial Technologies, Inc. (NYSE:AIT) to report $0.86 EPS on April, 26 before the open.They anticipate $0.11 EPS change or 14.67% from last quarter’s $0.75 EPS. AIT’s profit would be $33.26 million giving it 21.29 P/E if the $0.86 EPS is correct. After having $0.77 EPS previously, Applied Industrial Technologies, Inc.’s analysts see 11.69% EPS growth. The stock increased 2.73% or $1.95 during the last trading session, reaching $73.25. About 212,047 shares traded. Applied Industrial Technologies, Inc. (NYSE:AIT) has risen 19.34% since April 17, 2017 and is uptrending. It has outperformed by 7.79% the S&P500.

The stock increased 1.02% or $0.7 during the last trading session, reaching $69.25. About 91,913 shares traded. Tennant Company (TNC) has declined 4.44% since April 17, 2017 and is downtrending. It has underperformed by 15.99% the S&P500.

Analysts await Tennant Company (NYSE:TNC) to report earnings on April, 23 before the open. They expect $0.15 earnings per share, down 51.61% or $0.16 from last year’s $0.31 per share. TNC’s profit will be $2.68M for 115.42 P/E if the $0.15 EPS becomes a reality. After $0.34 actual earnings per share reported by Tennant Company for the previous quarter, Wall Street now forecasts -55.88% negative EPS growth.

Tennant Company designs, manufactures, and markets cleaning solutions. The company has market cap of $1.24 billion. It offers floor maintenance and outdoor cleaning equipment, detergent -free and other sustainable cleaning technologies, aftermarket parts and consumables, and specialty surface coatings. It currently has negative earnings. The firm also provides equipment maintenance and repair services; and business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions.

Arrowmark Colorado Holdings Llc holds 1.41% of its portfolio in Tennant Company for 1.91 million shares. Clearline Capital Lp owns 32,090 shares or 1.2% of their US portfolio. Moreover, Mairs & Power Inc has 0.94% invested in the company for 1.11 million shares. The California-based Sfe Investment Counsel has invested 0.87% in the stock. Granahan Investment Management Inc Ma, a Massachusetts-based fund reported 116,734 shares.

Since January 1, 0001, it had 0 insider purchases, and 4 insider sales for $5.07 million activity.

Since February 2, 2018, it had 0 insider purchases, and 4 insider sales for $1.42 million activity. BAUER FRED D had sold 5,000 shares worth $375,000 on Friday, February 2. The insider HILTZ L THOMAS sold $252,248. KELLY GREEN EDITH sold $511,404 worth of stock or 6,873 shares. 3,800 Applied Industrial Technologies, Inc. (NYSE:AIT) shares with value of $285,000 were sold by BARLETT TODD A.

Among 4 analysts covering Applied Industrial Technologies (NYSE:AIT), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Applied Industrial Technologies had 8 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, September 15 by KeyBanc Capital Markets. The stock of Applied Industrial Technologies, Inc. (NYSE:AIT) has “Underperform” rating given on Wednesday, August 12 by Longbow. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, October 16. As per Tuesday, July 21, the company rating was initiated by KeyBanc Capital Markets. The rating was downgraded by BB&T Capital on Monday, October 26 to “Hold”. Wellington Shields upgraded the stock to “Gradually Accumulate” rating in Wednesday, December 27 report. The stock has “Market Perform” rating by Avondale on Monday, March 21.

Tennant Company (NYSE:TNC) Institutional Positions Chart

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