Tennant (NYSE:TNC) Stock Rating Upgraded by Zacks Research

Tennant (NYSE:TNC) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Several other research firms also recently weighed in on TNC. Weiss Ratings downgraded shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Freedom Broker raised shares of Tennant from a “hold” rating to a “buy” rating and boosted their price objective for the company from $77.00 to $85.00 in a research report on Thursday. Wall Street Zen upgraded Tennant from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group set a $85.00 target price on Tennant in a report on Thursday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.00.

Tennant Stock Performance

Shares of NYSE:TNC traded up $0.52 during trading on Thursday, hitting $71.38. The company’s stock had a trading volume of 168,621 shares, compared to its average volume of 143,894. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.04 and a quick ratio of 1.37. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 53.27, a P/E/G ratio of 2.56 and a beta of 1.14. The company has a 50-day moving average of $67.88 and a 200-day moving average of $75.75. Tennant has a 12 month low of $60.17 and a 12 month high of $91.93.

Tennant (NYSE:TNC) last announced its earnings results on Monday, November 2nd. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.42. Tennant had a net margin of 1.85% and a return on equity of 13.25%. The company had revenue of $322.30 million during the quarter, compared to analyst estimates of $330.75 million. During the same period in the previous year, the business posted $1.46 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Tennant will post 4.07 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Donal Mulligan bought 8,000 shares of Tennant stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of $67.34 per share, with a total value of $538,720.00. Following the acquisition, the director owned 16,000 shares of the company’s stock, valued at $1,077,440. The trade was a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick Allen bought 3,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were purchased at an average price of $69.42 per share, for a total transaction of $208,260.00. Following the purchase, the director owned 4,927 shares in the company, valued at $342,032.34. This trade represents a 155.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 12,500 shares of company stock valued at $849,250. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tennant

Hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Tennant during the 2nd quarter valued at $236,255,000. Gamco Investors INC. ET AL boosted its holdings in Tennant by 40.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company’s stock worth $46,905,000 after buying an additional 203,802 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Tennant by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 634,158 shares of the industrial products company’s stock worth $42,106,000 after buying an additional 49,136 shares during the period. Bank of New York Mellon Corp boosted its holdings in Tennant by 27.3% in the 1st quarter. Bank of New York Mellon Corp now owns 333,187 shares of the industrial products company’s stock worth $22,124,000 after buying an additional 71,437 shares during the period. Finally, Gabelli Funds LLC increased its stake in Tennant by 11.6% in the 1st quarter. Gabelli Funds LLC now owns 199,700 shares of the industrial products company’s stock worth $13,260,000 after buying an additional 20,808 shares in the last quarter. 93.33% of the stock is currently owned by institutional investors.

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.