Tennant (NYSE:TNC) Upgraded at Wall Street Zen

Posted by Stanley Muller on Nov 10th, 2026

Wall Street Zen upgraded shares of Tennant (NYSE:TNC – Free Report) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

TNC has been the topic of several other reports. Zacks Research downgraded shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a report on Monday, August 10th. Freedom Broker upgraded shares of Tennant from a “hold” rating to a “buy” rating and raised their target price for the stock from $77.00 to $85.00 in a research note on Thursday, November 5th. UBS Group set a $85.00 target price on shares of Tennant in a report on Thursday. Finally, Weiss Ratings downgraded shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Tennant currently has a consensus rating of “Hold” and an average target price of $87.00.

Check Out Our Latest Analysis on TNC

Tennant Stock Performance

Shares of NYSE TNC opened at $74.64 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.37 and a debt-to-equity ratio of 0.65. Tennant has a 12 month low of $60.17 and a 12 month high of $91.93. The stock has a 50 day moving average of $67.97 and a 200-day moving average of $75.72. The company has a market capitalization of $1.27 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.63 and a beta of 1.14.

Tennant (NYSE:TNC – Get Free Report) last posted its earnings results on Monday, November 2nd. The industrial products company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.42. Tennant had a return on equity of 13.30% and a net margin of 1.85%. The business had revenue of $322.30 million for the quarter, compared to analyst estimates of $330.75 million. During the same period in the previous year, the firm earned $1.46 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Tennant will post 4.07 EPS for the current year.

Tennant Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $0.3250 per share. This represents a $1.30 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 30th. This is an increase from Tennant’s previous quarterly dividend of $0.31. Tennant’s payout ratio is 92.54%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Tennant

A number of institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. grew its holdings in Tennant by 11.8% in the third quarter. Hantz Financial Services Inc. now owns 1,368 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 144 shares during the period. Versant Capital Management Inc increased its stake in Tennant by 44.0% in the third quarter. Versant Capital Management Inc now owns 579 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 177 shares in the last quarter. Aristides Capital LLC raised its holdings in shares of Tennant by 12.9% during the first quarter. Aristides Capital LLC now owns 3,079 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 352 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Tennant by 64.7% during the third quarter. Farther Finance Advisors LLC now owns 947 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 372 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Tennant by 1,683.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 428 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 404 shares during the period. Institutional investors own 93.33% of the company’s stock.

Tennant Company Profile

(Get Free Report)

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.