7,824 Shares in Tennant Company $TNC Purchased by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in shares of Tennant Company (NYSE:TNC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,824 shares of the industrial products company’s stock, valued at approximately $685,000.

Several other large investors have also modified their holdings of the business. Hantz Financial Services Inc. lifted its stake in Tennant by 85.1% during the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 177 shares in the last quarter. UMB Bank n.a. raised its position in Tennant by 1,778.6% in the 4th quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 498 shares in the last quarter. State of Wyoming purchased a new position in shares of Tennant in the 2nd quarter valued at about $73,000. BNP Paribas Financial Markets raised its holdings in Tennant by 25.1% in the second quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 389 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Tennant by 40.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,492 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 722 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

Insider Buying and Selling

In other news, Director Timothy Morse acquired 1,500 shares of Tennant stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $68.18 per share, with a total value of $102,270.00. Following the completion of the purchase, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donal Mulligan purchased 8,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $67.34 per share, for a total transaction of $538,720.00. Following the completion of the purchase, the director owned 16,000 shares in the company, valued at $1,077,440. The trade was a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TNC shares. Zacks Research lowered Tennant from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Finally, Wall Street Zen lowered shares of Tennant from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $91.00.

Tennant Price Performance

Tennant stock opened at $71.74 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 2.04. Tennant Company has a one year low of $60.17 and a one year high of $91.93. The business has a fifty day moving average of $79.01 and a two-hundred day moving average of $78.04. The company has a market cap of $1.22 billion, a P/E ratio of 70.33, a price-to-earnings-growth ratio of 2.67 and a beta of 1.11.

Tennant (NYSE:TNC) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.50). Tennant had a net margin of 1.50% and a return on equity of 13.32%. The company had revenue of $324.00 million for the quarter, compared to analyst estimates of $329.55 million. During the same quarter in the previous year, the business posted $1.49 earnings per share. Tennant’s revenue was up 1.7% on a year-over-year basis. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. As a group, analysts predict that Tennant Company will post 3.85 earnings per share for the current fiscal year.

Tennant Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Tennant’s dividend payout ratio (DPR) is currently 121.57%.

Tennant Profile

Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant’s product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.

Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.