Tennant (NYSE:TNC) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Tennant (NYSE:TNC) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. UBS Group set a $85.00 target price on shares of Tennant in a report on Thursday. Weiss Ratings cut shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Freedom Broker upgraded shares of Tennant from a “hold” rating to a “buy” rating and raised their price objective for the stock from $77.00 to $85.00 in a research report on Thursday. Finally, Zacks Research downgraded shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $87.00.

Tennant Stock Performance

TNC opened at $71.38 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.18 and a debt-to-equity ratio of 0.65. Tennant has a 12-month low of $60.17 and a 12-month high of $91.93. The business has a 50 day moving average of $67.88 and a 200-day moving average of $75.75. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 53.27, a PEG ratio of 2.51 and a beta of 1.14.

Tennant (NYSE:TNC) last released its quarterly earnings data on Monday, November 2nd. The industrial products company reported $1.40 EPS for the quarter, beating the consensus estimate of $0.98 by $0.42. The firm had revenue of $322.30 million for the quarter, compared to the consensus estimate of $330.75 million. Tennant had a net margin of 1.85% and a return on equity of 13.30%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 earnings per share. On average, equities research analysts expect that Tennant will post 4.07 earnings per share for the current year.

Tennant Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.3250 per share. This represents a $1.30 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, November 30th. This is a positive change from Tennant’s previous quarterly dividend of $0.31. Tennant’s dividend payout ratio (DPR) is 92.54%.

Insiders Place Their Bets

In other news, Director Patrick Allen bought 3,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $69.42 per share, with a total value of $208,260.00. Following the completion of the acquisition, the director owned 4,927 shares of the company’s stock, valued at $342,032.34. This represents a 155.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Timothy Morse bought 1,500 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $68.18 per share, with a total value of $102,270.00. Following the acquisition, the director directly owned 10,614 shares of the company’s stock, valued at approximately $723,662.52. This represents a 16.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 12,500 shares of company stock worth $849,250 in the last 90 days. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Tennant

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. grew its position in shares of Tennant by 1,683.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 428 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 404 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Tennant by 623.0% in the third quarter. Parallel Advisors LLC now owns 535 shares of the industrial products company’s stock valued at $36,000 after buying an additional 461 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Tennant in the second quarter valued at approximately $39,000. Versant Capital Management Inc boosted its stake in shares of Tennant by 44.0% in the third quarter. Versant Capital Management Inc now owns 579 shares of the industrial products company’s stock valued at $39,000 after buying an additional 177 shares during the period. Finally, Simplex Trading LLC bought a new stake in shares of Tennant in the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 93.33% of the company’s stock.

Trending Headlines about Tennant

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Freedom Broker upgraded Tennant from “hold” to “buy” and raised its price target from $77 to $85, implying about 19% upside from the cited $71.38 price. Freedom Broker ratings
• Positive Sentiment: Sidoti raised its FY2026 EPS estimate to $4.07 from $3.95 and its Q1 2027 estimate to $1.09 from $0.96, suggesting improvement in those periods.
• Neutral Sentiment: Sidoti’s newly issued forecast calls for EPS of $5.43 in FY2027 and $6.42 in FY2028; the longer-term figures provide a growth outlook but are estimates, not company guidance.
• Negative Sentiment: Sidoti cut estimates for Q4 2026 to $1.26 from $1.55, Q2 2027 to $1.49 from $1.59, and Q3 2027 to $1.30 from $1.51. It also lowered FY2027 EPS to $5.43 from $5.82 and Q4 2027 to $1.55 from $1.76, signaling weaker expectations across several periods.

About Tennant

Tennant Company is a manufacturer of cleaning equipment and technologies for commercial, industrial and institutional customers. Its product portfolio includes floor scrubbers, sweepers, combination machines, carpet extractors, outdoor cleaning equipment and related vacuum systems. The company also offers cleaning solutions, replacement parts, maintenance programs and other services designed to support facility-management operations.

Tennant develops technology aimed at improving cleaning efficiency and reducing environmental impact.