Tennant (NYSE:TNC) Stock Rating Raised to “Hold” at Zacks Research

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

Several other analysts also recently issued reports on the company. Weiss Ratings downgraded Tennant from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. UBS Group set a $85.00 target price on shares of Tennant in a report on Thursday. Wall Street Zen raised shares of Tennant from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Freedom Broker upgraded shares of Tennant from a “hold” rating to a “buy” rating and boosted their price target for the company from $77.00 to $85.00 in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Tennant presently has an average rating of “Hold” and a consensus target price of $87.00.

Tennant Price Performance

Shares of NYSE TNC traded up $0.52 during mid-day trading on Thursday, reaching $71.38. The company had a trading volume of 168,621 shares, compared to its average volume of 143,894. The company has a current ratio of 2.04, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.22 billion, a PE ratio of 53.27, a P/E/G ratio of 2.56 and a beta of 1.14. The company has a 50-day moving average price of $67.88 and a two-hundred day moving average price of $75.75. Tennant has a 1-year low of $60.17 and a 1-year high of $91.93.

Tennant (NYSE:TNC) last announced its earnings results on Monday, November 2nd. The industrial products company reported $1.40 EPS for the quarter, beating the consensus estimate of $0.98 by $0.42. Tennant had a return on equity of 13.25% and a net margin of 1.85%. The business had revenue of $322.30 million during the quarter, compared to the consensus estimate of $330.75 million. During the same period in the prior year, the business posted $1.46 earnings per share. Tennant’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Tennant will post 4.07 earnings per share for the current year.

Insider Transactions at Tennant

In other Tennant news, Director Timothy R. Morse acquired 1,500 shares of Tennant stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $68.18 per share, with a total value of $102,270.00. Following the purchase, the director owned 10,614 shares in the company, valued at approximately $723,662.52. The trade was a 16.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donal L. Mulligan acquired 8,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of $67.34 per share, with a total value of $538,720.00. Following the completion of the transaction, the director directly owned 16,000 shares in the company, valued at approximately $1,077,440. This trade represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 12,500 shares of company stock valued at $849,250 over the last quarter. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Tennant

A number of large investors have recently made changes to their positions in TNC. Maryland State Retirement & Pension System lifted its position in shares of Tennant by 55.0% in the third quarter. Maryland State Retirement & Pension System now owns 3,800 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 1,348 shares in the last quarter. Penn Capital Management Company LLC purchased a new position in Tennant during the third quarter valued at approximately $850,000. Simplex Trading LLC acquired a new position in Tennant in the 3rd quarter valued at approximately $52,000. Parallel Advisors LLC increased its stake in Tennant by 623.0% in the 3rd quarter. Parallel Advisors LLC now owns 535 shares of the industrial products company’s stock valued at $36,000 after buying an additional 461 shares during the period. Finally, ProShare Advisors LLC lifted its position in Tennant by 48.0% in the 3rd quarter. ProShare Advisors LLC now owns 116,517 shares of the industrial products company’s stock worth $7,832,000 after buying an additional 37,807 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

Key Tennant News

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.

About Tennant

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.