Tennant Company $TNC Stock Bought by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of Tennant Company (NYSE:TNC) by 48.0% during the third quarter, HoldingsChannel.com reports. The fund owned 116,517 shares of the industrial products company’s stock after buying an additional 37,807 shares during the quarter. ProShare Advisors LLC’s holdings in Tennant were worth $7,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming purchased a new stake in shares of Tennant in the third quarter valued at approximately $53,000. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Tennant by 1,683.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 428 shares of the industrial products company’s stock valued at $29,000 after buying an additional 404 shares during the last quarter. Inspire Investing LLC lifted its position in Tennant by 21.4% during the third quarter. Inspire Investing LLC now owns 9,559 shares of the industrial products company’s stock valued at $643,000 after acquiring an additional 1,684 shares during the last quarter. Skylands Capital LLC boosted its stake in Tennant by 147.4% in the third quarter. Skylands Capital LLC now owns 14,100 shares of the industrial products company’s stock valued at $948,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Kopion Asset Management LLC grew its holdings in Tennant by 22.1% in the third quarter. Kopion Asset Management LLC now owns 121,980 shares of the industrial products company’s stock worth $8,199,000 after purchasing an additional 22,102 shares during the last quarter. Institutional investors own 93.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen lowered Tennant from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Finally, Zacks Research downgraded shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Insider Buying and Selling

In other news, Director Timothy Morse bought 1,500 shares of the firm’s stock in a transaction that occurred 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 acquisition, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick Allen bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was 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 $342,032.34. The trade was a 155.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 12,500 shares of company stock valued at $849,250 over the last quarter. 3.50% of the stock is currently owned by company insiders.

Trending Headlines about Tennant

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Q3 EPS was $1.40, beating the $0.98 consensus estimate. The company also reported 6.3% year-over-year revenue growth. Tennant Q3 earnings flash
• Positive Sentiment: Management’s 2026 EPS guidance of $3.80–$4.45 has a midpoint above the $3.85 analyst consensus, although the bottom of the range is slightly below it. Revenue guidance of $1.3 billion is in line with expectations. TNC Q3 deep dive
• Positive Sentiment: Tennant raised its quarterly dividend 4.8%, from $0.31 to $0.325 per share, signaling continued commitment to shareholder returns. Tennant dividend increase
• Neutral Sentiment: Robotics momentum and progress on the ERP system were cited as drivers of margin recovery, but the available report summary does not quantify their expected financial contribution. TNC Q3 deep dive
• Negative Sentiment: Q3 revenue of $322.3 million came in below analysts’ $330.75 million estimate, tempering the strong EPS beat. Tennant misses Q3 revenue estimates

Tennant Price Performance

Shares of TNC opened at $73.13 on Thursday. The firm has a market capitalization of $1.25 billion, a PE ratio of 54.58, a price-to-earnings-growth ratio of 2.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.18 and a quick ratio of 1.37. Tennant Company has a 1-year low of $60.17 and a 1-year high of $91.93. The company’s fifty day moving average price is $67.84 and its 200-day moving average price is $75.82.

Tennant (NYSE:TNC) last issued its earnings results on Monday, November 2nd. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $322.30 million during the quarter, compared to analyst estimates of $330.75 million. During the same quarter last year, the business posted $1.46 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts predict that Tennant Company will post 3.95 EPS for the current year.

Tennant Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid 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 annualized dividend and a dividend yield of 1.8%. Tennant’s dividend payout ratio (DPR) is 121.57%.

Tennant Company Profile

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.