Tennant (NYSE:TNC) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Tennant (NYSE:TNC) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research firms also recently issued reports on TNC. Roth Mkm restated a “buy” rating and issued a $91.00 price objective (down from $107.00) on shares of Tennant in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Tennant in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tennant currently has a consensus rating of “Hold” and a consensus price target of $91.00.

Tennant Stock Performance

Shares of Tennant stock opened at $60.93 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.05 and a debt-to-equity ratio of 0.45. Tennant has a 52 week low of $60.31 and a 52 week high of $87.72. The firm’s 50 day moving average is $77.13 and its two-hundred day moving average is $78.07. The firm has a market capitalization of $1.09 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.81 and a beta of 1.05.

Tennant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.24 annualized dividend and a yield of 2.0%. Tennant’s dividend payout ratio is currently 52.99%.

Institutional Investors Weigh In On Tennant

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its position in Tennant by 23.0% in the 1st quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company’s stock valued at $364,000 after buying an additional 854 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Tennant by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company’s stock worth $3,966,000 after acquiring an additional 20,275 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Tennant by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company’s stock valued at $899,000 after acquiring an additional 491 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Tennant by 17.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 56,214 shares of the industrial products company’s stock worth $4,483,000 after acquiring an additional 8,421 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Tennant by 39.1% during the first quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company’s stock worth $3,103,000 after acquiring an additional 10,946 shares during the period. 93.33% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting 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

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.