Tennant Company (NYSE:TNC) Stock Rated “Hold” by Wall Street Analysts

Shares of Tennant Company (NYSE:TNC) have received an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $88.00.

TNC has been the topic of a number of research reports. Freedom Broker upgraded Tennant from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $77.00 to $85.00 in a research report on Thursday. Zacks Research downgraded Tennant from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, August 10th. Wall Street Zen lowered shares of Tennant from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th.

More Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Recent third-quarter results showed EPS of $1.40, above the $0.98 consensus, and revenue growth of 6.3% year over year. Revenue of $322.3 million did fall short of estimates, but a Q3 analysis pointed to robotics momentum and ERP progress supporting margin recovery. TNC Q3 deep dive article
• Positive Sentiment: Tennant was among the companies reported to have raised its quarterly dividend, which may support investor interest, though the article notes that payout growth depends on cash flow. Dividend article
• Neutral Sentiment: Sidoti forecasts FY2028 EPS of $6.42, with quarterly estimates ranging from $1.52 to $1.68. These are analyst projections rather than company guidance.
• Negative Sentiment: Sidoti cut its FY2027 EPS estimate to $5.43 from $5.82 and its Q4 2027 estimate to $1.55 from $1.76, signaling a softer near-term earnings outlook.

Insider Buying and Selling at Tennant

In other news, Director Patrick E. Allen purchased 3,000 shares of the company’s stock in a transaction dated 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 transaction, the director 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Donal L. Mulligan acquired 8,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $67.34 per share, with a total value of $538,720.00. Following the completion of the transaction, the director owned 16,000 shares of the company’s stock, valued at $1,077,440. This trade represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 12,500 shares of company stock worth $849,250. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. increased its holdings in Tennant by 1,683.3% in the third 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 boosted its holdings in shares of Tennant by 623.0% during the 3rd quarter. Parallel Advisors LLC now owns 535 shares of the industrial products company’s stock worth $36,000 after buying an additional 461 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Tennant during the 2nd quarter worth approximately $39,000. Versant Capital Management Inc grew its position in shares of Tennant by 44.0% during the 3rd quarter. Versant Capital Management Inc now owns 579 shares of the industrial products company’s stock worth $39,000 after buying an additional 177 shares during the period. Finally, Simplex Trading LLC acquired a new stake in shares of Tennant during the 3rd quarter worth approximately $52,000. 93.33% of the stock is owned by institutional investors.

Tennant Price Performance

NYSE:TNC opened at $73.13 on Thursday. Tennant has a 52 week low of $60.17 and a 52 week high of $91.93. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 54.58, a P/E/G ratio of 2.61 and a beta of 1.14. The firm’s 50-day simple moving average is $67.84 and its 200 day simple moving average is $75.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.37 and a current ratio of 2.18.

Tennant (NYSE:TNC) last released its earnings results on Monday, November 2nd. The industrial products company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.42. Tennant had a return on equity of 13.30% and a net margin of 1.85%. The firm had revenue of $322.30 million during the quarter, compared to the consensus estimate of $330.75 million. During the same period in the prior year, the company posted $1.46 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Tennant will post 3.95 earnings per share for the current year.

Tennant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.3250 dividend. The ex-dividend date is Monday, November 30th. This is a positive change from Tennant’s previous quarterly dividend of $0.31. This represents a $1.30 dividend on an annualized basis and a yield of 1.8%. Tennant’s dividend payout ratio (DPR) is currently 121.57%.

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.