Tennant (NYSE:TNC) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Tennant (NYSE:TNC) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other brokerages have also weighed in on TNC. Roth Mkm reiterated a “buy” rating and set a $91.00 target price (down from $107.00) on shares of Tennant in a research note on Wednesday. Freedom Capital lowered shares of Tennant from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Wall Street Zen downgraded shares of Tennant from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tennant in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Tennant presently has a consensus rating of “Hold” and a consensus target price of $91.00.

Tennant Price Performance

Shares of NYSE TNC opened at $60.93 on Thursday. The company’s 50-day moving average is $77.13 and its 200 day moving average is $78.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.05 and a quick ratio of 1.39. Tennant has a 1 year low of $60.31 and a 1 year high of $87.72. The stock has a market capitalization of $1.09 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.81 and a beta of 1.05.

Tennant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Tennant’s dividend payout ratio (DPR) is 52.99%.

Institutional Investors Weigh In On Tennant

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Tennant by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 585,022 shares of the industrial products company’s stock worth $43,116,000 after acquiring an additional 6,760 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Tennant by 0.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 502,598 shares of the industrial products company’s stock valued at $37,041,000 after purchasing an additional 2,803 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Tennant by 26.6% in the third quarter. American Century Companies Inc. now owns 434,996 shares of the industrial products company’s stock worth $35,261,000 after buying an additional 91,382 shares in the last quarter. Millennium Management LLC lifted its position in shares of Tennant by 33.8% in the fourth quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock worth $26,418,000 after buying an additional 90,611 shares in the last quarter. Finally, Vision One Management Partners LP boosted its stake in Tennant by 18.1% during the fourth quarter. Vision One Management Partners LP now owns 344,585 shares of the industrial products company’s stock valued at $25,396,000 after buying an additional 52,721 shares during the last quarter. 93.33% of the stock is owned by hedge funds and other institutional investors.

More Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Roth MKM reiterated a Buy rating on Tennant, which provides a supportive broker view for longer-term holders. Roth MKM Reiterates Buy Rating for Tennant
• Neutral Sentiment: Market commentary is reassessing Tennant’s valuation after weaker share performance; this frames current moves as part fundamentals review rather than a single catalyst. Assessing Tennant’s Valuation
• Negative Sentiment: Sidoti sharply cut EPS forecasts across multiple quarters and years (examples: Q1 2026 cut from $1.30 to $0.41; Q2 2026 cut from $1.71 to $1.13; FY2026 cut from $6.39 to $4.81; FY2027 cut from $7.37 to $6.42). These downward revisions signal weaker near-term profitability expectations and are a primary driver of bearish sentiment. MarketBeat – Tennant Analyst Reports
• Negative Sentiment: Multiple law firms have announced securities‑fraud investigations into Tennant, alleging possible misstatements in financials/operations; such probes raise legal, disclosure and reputational risk and often weigh on stock performance until resolved. BusinessWire – Securities Fraud Investigation Announced PR Newswire – Pomerantz Investigation

About Tennant

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.