Tennant (NYSE:TNC) Raised to “Strong-Buy” at Zacks Research

Posted by Stanley Muller on May 28th, 2026

Tennant (NYSE:TNC – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently issued reports on TNC. Roth Mkm reiterated a “buy” rating and issued a $91.00 target price (down from $107.00) on shares of Tennant in a research note on Wednesday, February 25th. Weiss Ratings cut shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Tennant from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Freedom Capital cut shares of Tennant from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Read Our Latest Report on TNC

Tennant Stock Performance

NYSE TNC opened at $87.13 on Tuesday. Tennant has a 1 year low of $60.17 and a 1 year high of $88.86. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.41. The stock has a market capitalization of $1.48 billion, a PE ratio of 52.49, a P/E/G ratio of 2.40 and a beta of 1.12. The company’s 50 day simple moving average is $77.13 and its two-hundred day simple moving average is $75.21.

Tennant (NYSE:TNC – Get Free Report) last posted its earnings results on Monday, May 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.18. Tennant had a net margin of 2.55% and a return on equity of 14.87%. The business had revenue of $297.90 million for the quarter, compared to analysts’ expectations of $289.25 million. During the same period in the prior year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS. Analysts predict that Tennant will post 5.12 earnings per share for the current fiscal year.

Tennant announced that its board has authorized a stock buyback plan on Monday, May 4th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 11.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Tennant

In related news, Director Donal L. Mulligan acquired 3,000 shares of the stock in a transaction dated Friday, February 27th. The shares were purchased at an average price of $61.61 per share, for a total transaction of $184,830.00. Following the transaction, the director owned 8,000 shares in the company, valued at $492,880. This represents a 60.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James T. Jr. Glerum acquired 8,163 shares of the stock in a transaction dated Monday, March 2nd. The shares were bought at an average price of $61.25 per share, for a total transaction of $499,983.75. Following the transaction, the director owned 8,600 shares in the company, valued at approximately $526,750. This represents a 1,867.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Tennant

A number of large investors have recently added to or reduced their stakes in the business. Turtle Creek Asset Management Inc. raised its position in Tennant by 32.7% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 13,000 shares of the industrial products company’s stock worth $863,000 after purchasing an additional 3,200 shares during the period. Quantinno Capital Management LP raised its position in Tennant by 61.7% in the 1st quarter. Quantinno Capital Management LP now owns 6,604 shares of the industrial products company’s stock worth $439,000 after purchasing an additional 2,521 shares during the period. Gabelli Funds LLC raised its position in Tennant by 11.6% in the 1st quarter. Gabelli Funds LLC now owns 199,700 shares of the industrial products company’s stock worth $13,260,000 after purchasing an additional 20,808 shares during the period. Gamco Investors INC. ET AL raised its position in Tennant by 40.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company’s stock worth $46,905,000 after purchasing an additional 203,802 shares during the period. Finally, Aristides Capital LLC raised its position in Tennant by 12.9% in the 1st quarter. Aristides Capital LLC now owns 3,079 shares of the industrial products company’s stock worth $204,000 after purchasing an additional 352 shares during the period. Hedge funds and other institutional investors own 93.33% of the company’s stock.

About Tennant

(Get Free Report)

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.