Tennant (NYSE:TNC) Stock Bumped Up to “Hold” 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 research note issued on Thursday, Zacks reports.

TNC has been the topic of several other research reports. UBS Group set a $85.00 price objective on shares of Tennant in a research report on Thursday. Wall Street Zen upgraded shares of Tennant from a “hold” rating to a “buy” rating in a research note on Saturday. Freedom Broker upgraded shares of Tennant from a “hold” rating to a “buy” rating and raised their price target for the company from $77.00 to $85.00 in a report on Thursday. Finally, Weiss Ratings downgraded shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $87.00.

Tennant Stock Up 0.7%

NYSE TNC traded up $0.52 on Thursday, reaching $71.38. The stock had a trading volume of 168,621 shares, compared to its average volume of 143,894. The company has a current ratio of 2.04, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. Tennant has a 1 year low of $60.17 and a 1 year high of $91.93. The business has a 50 day moving average price of $67.88 and a 200 day moving average price of $75.75. The company has a market capitalization 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.

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

Insider Activity

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

Hedge Funds Weigh In On Tennant

A number of institutional investors have recently modified their holdings of TNC. BlackRock Inc. acquired a new stake in shares of Tennant in the second quarter worth $236,255,000. Gamco Investors INC. ET AL raised 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 acquiring an additional 203,802 shares during the period. Dimensional Fund Advisors LP raised 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 acquiring an additional 49,136 shares during the period. Bank of New York Mellon Corp raised 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 acquiring an additional 71,437 shares during the period. Finally, Gabelli Funds LLC lifted its position in Tennant by 11.6% during the 1st quarter. Gabelli Funds LLC now owns 199,700 shares of the industrial products company’s stock worth $13,260,000 after acquiring an additional 20,808 shares during the last quarter. Institutional investors own 93.33% of the company’s stock.

Key Stories Impacting 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.