Tennant (NYSE:TNC) Stock Price Breaks Above 200 Day Moving Average – Here’s Why

Posted by Stanley Muller on Nov 12th, 2026

Tennant Company (NYSE:TNC – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $75.70 and traded as high as $77.61. Tennant shares last traded at $76.50, with a volume of 168,992 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TNC shares. Freedom Broker raised Tennant from a “hold” rating to a “buy” rating and raised their price target for the company from $77.00 to $85.00 in a report on Thursday, November 5th. Zacks Research raised Tennant from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 5th. Wall Street Zen upgraded Tennant from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Weiss Ratings cut Tennant from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Finally, UBS Group set a $85.00 target price on Tennant in a research note on Thursday, November 5th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Tennant currently has an average rating of “Hold” and an average target price of $87.00.

Check Out Our Latest Stock Report on TNC

Tennant Stock Performance

The company has a market capitalization of $1.30 billion, a P/E ratio of 57.09, a P/E/G ratio of 2.66 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.18 and a quick ratio of 1.46. The stock’s 50 day simple moving average is $68.22 and its two-hundred day simple moving average is $75.70.

Tennant (NYSE:TNC – Get Free Report) last announced its earnings results on Monday, November 2nd. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.42. Tennant had a net margin of 1.85% and a return on equity of 13.30%. The company had revenue of $322.30 million for the quarter, compared to analyst estimates of $330.75 million. During the same period in the prior year, the business earned $1.46 earnings per share. Tennant’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, research analysts expect that Tennant Company will post 4.06 earnings per share for the current year.

Tennant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a $0.3250 dividend. This is a boost from Tennant’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 30th. This represents a $1.30 annualized dividend and a yield of 1.7%. Tennant’s dividend payout ratio is presently 92.54%.

Insiders Place Their Bets

In other news, Director Patrick Allen acquired 3,000 shares of Tennant stock in a transaction on Monday, August 31st. The shares were purchased at an average price of $69.42 per share, with a total value of $208,260.00. Following the acquisition, the director owned 4,927 shares in the company, valued at $342,032.34. This represents a 155.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Tennant by 1,683.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 428 shares of the industrial products company’s stock valued at $29,000 after buying an additional 404 shares during the period. Parallel Advisors LLC lifted its stake in shares of Tennant by 623.0% during the third quarter. Parallel Advisors LLC now owns 535 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 461 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Tennant during the second quarter valued at $39,000. Versant Capital Management Inc lifted its stake in shares of Tennant by 44.0% during the third quarter. Versant Capital Management Inc now owns 579 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 177 shares during the period. Finally, Simplex Trading LLC bought a new position in Tennant in the third quarter valued at about $52,000. 93.33% of the stock is currently owned by institutional investors.

About Tennant

(Get Free Report)

Tennant Company designs, manufactures and markets equipment and solutions for commercial and industrial cleaning. Its products include floor scrubbers and sweepers, vacuum cleaners, carpet extractors and autonomous cleaning machines, along with cleaning technologies, replacement parts and related services. The company serves customers in sectors such as manufacturing, healthcare, retail, education and transportation. Its offerings support both routine facility maintenance and specialized cleaning needs, and Tennant sells and services its products in markets around the world.