Tennant (NYSE:TNC) Stock Rating Lowered by Zacks Research

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

A number of other analysts have also weighed in on TNC. Wall Street Zen lowered shares of Tennant from a “buy” rating to a “hold” rating in a research report on Saturday. Freedom Capital cut Tennant from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Roth Mkm reiterated a “buy” rating and issued a $91.00 price target (down from $107.00) on shares of Tennant in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tennant in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Tennant presently has a consensus rating of “Hold” and an average price target of $91.00.

Tennant Trading Down 2.3%

Shares of TNC traded down $1.40 during midday trading on Thursday, hitting $60.93. The stock had a trading volume of 435,825 shares, compared to its average volume of 197,445. The stock’s 50 day moving average is $77.13 and its 200 day moving average is $78.10. The firm has a market cap of $1.09 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.05 and a quick ratio of 1.39. Tennant has a 1 year low of $60.31 and a 1 year high of $87.72.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Tennant by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 585,022 shares of the industrial products company’s stock worth $43,116,000 after buying an additional 6,760 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Tennant by 0.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 502,598 shares of the industrial products company’s stock valued at $37,041,000 after acquiring an additional 2,803 shares in the last quarter. American Century Companies Inc. lifted its stake in Tennant by 26.6% in the third quarter. American Century Companies Inc. now owns 434,996 shares of the industrial products company’s stock worth $35,261,000 after acquiring an additional 91,382 shares during the period. Millennium Management LLC lifted its stake in Tennant by 33.8% in the fourth quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock worth $26,418,000 after acquiring an additional 90,611 shares during the period. Finally, Vision One Management Partners LP grew its holdings in Tennant by 18.1% during the 4th quarter. Vision One Management Partners LP now owns 344,585 shares of the industrial products company’s stock worth $25,396,000 after acquiring an additional 52,721 shares in the last quarter. 93.33% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Tennant

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

About Tennant

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.