River Road Asset Management LLC Has $19.57 Million Stake in Tennant Company $TNC

Posted by Stanley Muller on Jun 20th, 2026

River Road Asset Management LLC lifted its position in shares of Tennant Company (NYSE:TNC – Free Report) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,530 shares of the industrial products company’s stock after acquiring an additional 23,823 shares during the quarter. River Road Asset Management LLC’s holdings in Tennant were worth $19,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TNC. Royal Bank of Canada raised its position in Tennant by 23.0% in the first quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company’s stock valued at $364,000 after purchasing an additional 854 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Tennant by 68.8% during the first quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company’s stock worth $3,966,000 after purchasing an additional 20,275 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Tennant by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company’s stock worth $899,000 after purchasing an additional 491 shares during 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% in 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 valued at $4,483,000 after buying an additional 8,421 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Tennant by 39.1% in the first quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company’s stock valued at $3,103,000 after buying an additional 10,946 shares during the period. Institutional investors own 93.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TNC has been the topic of several recent research reports. Roth Mkm reiterated a “buy” rating and set a $91.00 target price (down from $107.00) on shares of Tennant in a research report on Wednesday, February 25th. Freedom Capital cut shares of Tennant from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen raised shares of Tennant from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, Zacks Research raised shares of Tennant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Tennant presently has an average rating of “Moderate Buy” and a consensus target price of $91.00.

View Our Latest Stock Report on TNC

Tennant Trading Down 0.3%

NYSE:TNC opened at $90.45 on Friday. The firm’s fifty day moving average is $83.52 and its 200-day moving average is $76.90. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.41 and a current ratio of 2.12. Tennant Company has a 52 week low of $60.17 and a 52 week high of $90.90. The firm has a market cap of $1.54 billion, a P/E ratio of 54.49, a P/E/G ratio of 2.53 and a beta of 1.12.

Tennant (NYSE:TNC – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.58 earnings per share 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 company had revenue of $297.90 million during the quarter, compared to analysts’ expectations of $289.25 million. During the same period in the prior year, the company posted $1.12 earnings per share. Tennant’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. Equities analysts expect that Tennant Company will post 5.12 earnings per share for the current year.

Tennant Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, May 29th. Tennant’s dividend payout ratio (DPR) is presently 74.70%.

Tennant announced that its board has approved a stock repurchase program on Monday, May 4th that allows the company to buyback 2,000,000,000,000 shares. This buyback authorization allows the industrial products company to reacquire up to 11.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Tennant Company Profile

(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.