Tennant (NYSE:TNC) Downgraded to “Strong Sell” Rating by Zacks Research

Tennant (NYSE:TNC) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tennant in a research report on Monday, December 29th. Roth Mkm restated a “buy” rating and set a $91.00 price objective (down from $107.00) on shares of Tennant in a research report on Wednesday. Wall Street Zen downgraded shares of Tennant from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Freedom Capital cut shares of Tennant from a “strong-buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $91.00.

Tennant Stock Performance

Shares of TNC stock opened at $60.93 on Thursday. The company has a current ratio of 2.05, a quick ratio of 1.39 and a debt-to-equity ratio of 0.45. Tennant has a 12-month low of $60.31 and a 12-month high of $87.72. The business’s 50 day moving average is $77.13 and its two-hundred day moving average is $78.10. The company has a market capitalization of $1.09 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.85 and a beta of 1.05.

Hedge Funds Weigh In On Tennant

Several hedge funds and other institutional investors have recently modified their holdings of TNC. Aristides Capital LLC purchased a new stake in Tennant during the 4th quarter valued at about $201,000. River Road Asset Management LLC lifted its stake in Tennant by 9.9% in the 4th quarter. River Road Asset Management LLC now owns 265,530 shares of the industrial products company’s stock worth $19,570,000 after purchasing an additional 23,823 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Tennant by 3.6% during the 4th quarter. Invesco Ltd. now owns 102,926 shares of the industrial products company’s stock worth $7,586,000 after purchasing an additional 3,581 shares during the last quarter. Vision One Management Partners LP grew its position in shares of Tennant by 18.1% in the fourth quarter. Vision One Management Partners LP now owns 344,585 shares of the industrial products company’s stock valued at $25,396,000 after purchasing an additional 52,721 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its position in shares of Tennant by 3.9% in the fourth quarter. State of Tennessee Department of Treasury now owns 6,559 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 247 shares in the last quarter. 93.33% of the stock is owned by hedge funds and other institutional investors.

Tennant News Roundup

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Roth MKM reiterated a Buy rating on Tennant, which provides a supportive broker view for longer-term holders. Roth MKM Reiterates Buy Rating for Tennant
• Neutral Sentiment: Market commentary is reassessing Tennant’s valuation after weaker share performance; this frames current moves as part fundamentals review rather than a single catalyst. Assessing Tennant’s Valuation
• Negative Sentiment: Sidoti sharply cut EPS forecasts across multiple quarters and years (examples: Q1 2026 cut from $1.30 to $0.41; Q2 2026 cut from $1.71 to $1.13; FY2026 cut from $6.39 to $4.81; FY2027 cut from $7.37 to $6.42). These downward revisions signal weaker near-term profitability expectations and are a primary driver of bearish sentiment. MarketBeat – Tennant Analyst Reports
• Negative Sentiment: Multiple law firms have announced securities‑fraud investigations into Tennant, alleging possible misstatements in financials/operations; such probes raise legal, disclosure and reputational risk and often weigh on stock performance until resolved. BusinessWire – Securities Fraud Investigation Announced PR Newswire – Pomerantz Investigation

Tennant Company 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.