Tennant (NYSE:TNC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Posted by Brian Himes on Jul 17th, 2026

Tennant Company (NYSE:TNC – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $78.49 and traded as high as $87.04. Tennant shares last traded at $86.3050, with a volume of 177,422 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Tennant from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded Tennant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised Tennant from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Read Our Latest Analysis on Tennant

Tennant Price Performance

The firm’s 50-day moving average is $86.07 and its 200-day moving average is $78.57. 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 company has a market capitalization of $1.47 billion, a P/E ratio of 52.01, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12.

Tennant (NYSE:TNC – Get Free Report) last released its quarterly earnings results 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. The business had revenue of $297.90 million for the quarter, compared to the consensus estimate of $289.25 million. Tennant had a net margin of 2.55% and a return on equity of 14.87%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.12 earnings per share. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS. Analysts predict that Tennant Company will post 5.12 EPS for the current fiscal year.

Tennant Dividend Announcement

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

Tennant declared 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 repurchase up to 11.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Tennant

Several hedge funds have recently bought and sold shares of TNC. Hantz Financial Services Inc. raised its stake in shares of Tennant by 85.1% in the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock worth $28,000 after buying an additional 177 shares during the period. UMB Bank n.a. increased its holdings in Tennant by 1,778.6% in the 4th quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 498 shares in the last quarter. State of Wyoming purchased a new stake in Tennant in the 2nd quarter worth approximately $73,000. BNP Paribas Financial Markets raised its stake in Tennant by 25.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 389 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Tennant by 40.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,492 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 722 shares during the period. Institutional investors own 93.33% of the company’s stock.

Tennant Company Profile

(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.