Tennant (NYSE:TNC) Stock Rating Upgraded by Freedom Broker

Tennant (NYSE:TNC) was upgraded by Freedom Broker from a “hold” rating to a “buy” rating in a research note issued on Thursday, Marketbeat reports. The firm currently has a $85.00 price objective on the industrial products company’s stock, up from their previous price objective of $77.00. Freedom Broker‘s price objective points to a potential upside of 19.08% from the stock’s previous close.

A number of other brokerages have also commented on TNC. Wall Street Zen lowered Tennant from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Finally, Zacks Research lowered shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.00.

Tennant Stock Performance

NYSE TNC traded up $0.52 during midday trading on Thursday, hitting $71.38. The company had a trading volume of 168,621 shares, compared to its average volume of 143,894. The company has a quick ratio of 1.37, a current ratio of 2.04 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 53.27, a P/E/G ratio of 2.56 and a beta of 1.14. The firm has a fifty day simple moving average of $67.88 and a two-hundred day simple moving average of $75.75. Tennant has a fifty-two week low of $60.17 and a fifty-two week high of $91.93.

Tennant (NYSE:TNC) last announced its quarterly earnings data on Monday, November 2nd. The industrial products company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.42. Tennant had a net margin of 1.85% and a return on equity of 13.25%. The business had revenue of $322.30 million during the quarter, compared to analyst estimates of $330.75 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts forecast that Tennant will post 4.07 earnings per share for the current fiscal year.

Insider Transactions at Tennant

In related news, Director Donal Mulligan bought 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $67.34 per share, for a total transaction of $538,720.00. Following the transaction, the director directly owned 16,000 shares of the company’s stock, valued at $1,077,440. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick Allen bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average price of $69.42 per share, with a total value of $208,260.00. Following the transaction, the director directly owned 4,927 shares in the company, valued at $342,032.34. This trade represents a 155.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 12,500 shares of company stock valued at $849,250. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Tennant in the 2nd quarter worth about $236,255,000. Gamco Investors INC. ET AL lifted its holdings in Tennant by 40.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company’s stock valued at $46,905,000 after purchasing an additional 203,802 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Tennant by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 634,158 shares of the industrial products company’s stock valued at $42,106,000 after buying an additional 49,136 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Tennant in the second quarter valued at about $28,562,000. Finally, Gabelli Funds LLC boosted its position in Tennant by 11.6% in the first quarter. Gabelli Funds LLC now owns 199,700 shares of the industrial products company’s stock valued at $13,260,000 after buying an additional 20,808 shares in the last quarter. 93.33% of the stock is owned by institutional investors.

Key Headlines Impacting Tennant

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Freedom Broker upgraded Tennant from “hold” to “buy” and raised its price target from $77 to $85, implying about 19% upside from the cited $71.38 price. Freedom Broker ratings
• Positive Sentiment: Sidoti raised its FY2026 EPS estimate to $4.07 from $3.95 and its Q1 2027 estimate to $1.09 from $0.96, suggesting improvement in those periods.
• Neutral Sentiment: Sidoti’s newly issued forecast calls for EPS of $5.43 in FY2027 and $6.42 in FY2028; the longer-term figures provide a growth outlook but are estimates, not company guidance.
• Negative Sentiment: Sidoti cut estimates for Q4 2026 to $1.26 from $1.55, Q2 2027 to $1.49 from $1.59, and Q3 2027 to $1.30 from $1.51. It also lowered FY2027 EPS to $5.43 from $5.82 and Q4 2027 to $1.55 from $1.76, signaling weaker expectations across several periods.

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.