Tennant Company (TNC) Forms $72.65 Double Bottom; Neenah Paper (NP) Shorts Raised By 0.24%

December 31, 2017 - By Martha Paddon

Neenah Paper Incorporated (NYSE:NP) had an increase of 0.24% in short interest. NP’s SI was 165,000 shares in December as released by FINRA. Its up 0.24% from 164,600 shares previously. With 82,700 avg volume, 2 days are for Neenah Paper Incorporated (NYSE:NP)’s short sellers to cover NP’s short positions. The SI to Neenah Paper Incorporated’s float is 1%. The stock decreased 0.55% or $0.5 during the last trading session, reaching $90.65. About 64,422 shares traded. Neenah Paper, Inc. (NYSE:NP) has risen 14.60% since December 31, 2016 and is uptrending. It has underperformed by 2.10% the S&P500.

Tennant Company (TNC) formed double bottom with $68.29 target or 6.00% below today’s $72.65 share price. Tennant Company (TNC) has $1.30 billion valuation. The stock decreased 0.48% or $0.35 during the last trading session, reaching $72.65. About 100,573 shares traded. Tennant Company (NYSE:TNC) has risen 37.00% since December 31, 2016 and is uptrending. It has outperformed by 20.30% the S&P500.

Among 2 analysts covering Tennant Co (NYSE:TNC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Tennant Co has $67 highest and $59 lowest target. $66’s average target is -9.15% below currents $72.65 stock price. Tennant Co had 4 analyst reports since October 28, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Thursday, June 15. As per Wednesday, October 28, the company rating was maintained by Dougherty & Company.

Investors sentiment increased to 1.31 in Q3 2017. Its up 0.07, from 1.24 in 2017Q2. It improved, as 15 investors sold Tennant Company shares while 36 reduced holdings. 18 funds opened positions while 49 raised stakes. 16.30 million shares or 2.60% more from 15.89 million shares in 2017Q2 were reported. Texas Permanent School Fund holds 13,012 shares or 0.01% of its portfolio. Granahan Mgmt Ma invested 0.61% in Tennant Company (NYSE:TNC). Martin Tn stated it has 0.57% of its portfolio in Tennant Company (NYSE:TNC). Us Bank & Trust De holds 0.05% of its portfolio in Tennant Company (NYSE:TNC) for 239,390 shares. Invesco Limited reported 150,650 shares. Arizona State Retirement Sys owns 9,261 shares or 0.01% of their US portfolio. 1,080 are owned by Point72 Asia (Hong Kong). Teton Advisors has 0.3% invested in Tennant Company (NYSE:TNC). 6,674 are held by Zeke. The California-based Aperio Group Incorporated Lc has invested 0% in Tennant Company (NYSE:TNC). Moreover, Riverhead Capital Ltd Llc has 0.01% invested in Tennant Company (NYSE:TNC) for 2,119 shares. New Jersey-based Landscape Capital Management Ltd Llc has invested 0.02% in Tennant Company (NYSE:TNC). Legal General Group Incorporated Public Limited Company, a United Kingdom-based fund reported 34,335 shares. Pub Sector Pension Board reported 11,236 shares. State Of Alaska Department Of Revenue reported 3,530 shares.

Analysts await Tennant Company (NYSE:TNC) to report earnings on February, 22. They expect $0.35 earnings per share, down 58.82% or $0.50 from last year’s $0.85 per share. TNC’s profit will be $6.25 million for 51.89 P/E if the $0.35 EPS becomes a reality. After $0.32 actual earnings per share reported by Tennant Company for the previous quarter, Wall Street now forecasts 9.37% EPS growth.

Investors sentiment increased to 1.29 in 2017 Q3. Its up 0.30, from 0.99 in 2017Q2. It is positive, as 12 investors sold Neenah Paper, Inc. shares while 53 reduced holdings. 21 funds opened positions while 63 raised stakes. 14.56 million shares or 4.91% less from 15.31 million shares in 2017Q2 were reported. Arizona State Retirement Sys reported 0.01% of its portfolio in Neenah Paper, Inc. (NYSE:NP). State Of Alaska Department Of Revenue holds 3,325 shares or 0.01% of its portfolio. Fmr Llc holds 0.01% or 635,560 shares. Lord Abbett And Ltd Liability Corporation holds 0.03% or 126,268 shares in its portfolio. Bb&T stated it has 48,353 shares. Us National Bank De holds 0% or 534 shares in its portfolio. 6,900 are owned by Price T Rowe Md. Aqr Capital Management Ltd Liability Corp holds 21,030 shares or 0% of its portfolio. Swiss Commercial Bank reported 0% in Neenah Paper, Inc. (NYSE:NP). Barclays Public Ltd Com has 16,730 shares for 0% of their portfolio. Parametric Port Associates Ltd Company owns 0.01% invested in Neenah Paper, Inc. (NYSE:NP) for 58,549 shares. Magnetar Financial Ltd Liability has invested 0% of its portfolio in Neenah Paper, Inc. (NYSE:NP). State Common Retirement Fund holds 0% or 32,640 shares in its portfolio. Alliancebernstein L P has invested 0% in Neenah Paper, Inc. (NYSE:NP). Teachers Retirement System Of The State Of Kentucky holds 0.01% in Neenah Paper, Inc. (NYSE:NP) or 6,283 shares.

Neenah Paper, Inc. produces and sells technical products, and fine paper and packaging products worldwide. The company has market cap of $1.53 billion. The companyÂ’s Technical Products segment provides filtration media for transportation, water, and other filtration markets; saturated and unsaturated crepe, and flat paper tapes to manufacturers; coated lightweight abrasive paper for use in the automotive, construction, metal, and woodworking industries; label and tag products for variable and digital printing; latex saturated and coated papers; premask, medical packaging, image transfer, publishing, and security papers; and other specialty products, including clean room papers, durable printing papers, release papers, and furniture backers. It has a 19.97 P/E ratio. The Company’s Fine Paper and Packaging segment makes and sells writing, text, cover, and specialty papers and envelopes used in corporate identity packages, advertising collateral, premium labels and packaging, and wide format applications.