Roth Mkm reaffirmed their buy rating on shares of Tennant (NYSE:TNC – Free Report) in a report issued on Wednesday,Benzinga reports. Roth Mkm currently has a $91.00 price objective on the industrial products company’s stock, down from their previous price objective of $107.00.
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Tennant in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.00.
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Tennant Price Performance
Tennant Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. Tennant’s dividend payout ratio (DPR) is currently 52.99%.
Hedge Funds Weigh In On Tennant
Several institutional investors and hedge funds have recently modified their holdings of TNC. Comerica Bank boosted its position in shares of Tennant by 1.2% during the 3rd quarter. Comerica Bank now owns 12,290 shares of the industrial products company’s stock valued at $996,000 after purchasing an additional 144 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Tennant by 2.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,115 shares of the industrial products company’s stock worth $451,000 after purchasing an additional 148 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Tennant by 85.1% in the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock valued at $28,000 after buying an additional 177 shares during the period. Swiss National Bank boosted its holdings in shares of Tennant by 0.6% during the 3rd quarter. Swiss National Bank now owns 34,300 shares of the industrial products company’s stock worth $2,780,000 after buying an additional 200 shares in the last quarter. Finally, First Affirmative Financial Network grew its position in shares of Tennant by 7.2% during the 3rd quarter. First Affirmative Financial Network now owns 3,270 shares of the industrial products company’s stock worth $265,000 after buying an additional 220 shares during the period. 93.33% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Tennant
Here are the key news stories impacting Tennant this week:
- Positive Sentiment: Roth MKM reaffirmed a “buy” rating and kept a $91 price target (down from $107), signaling analyst confidence in longer‑term value despite near‑term headwinds. Benzinga
- Positive Sentiment: Management reiterated a strategic growth target for its autonomous mobile robot (AMR) business: $250M in AMR revenue by 2028, which supports a multi‑year growth narrative beyond current ERP disruption. MSN/Yahoo
- Neutral Sentiment: Full Q4 2025 earnings call materials, transcript and slide deck are available for investors who want the full management commentary and details on ERP timing and margin impact. Press Release / Slide Deck
- Negative Sentiment: Tennant reported a Q4 earnings and revenue miss (EPS and sales below consensus) and revenue fell ~11% Y/Y — primary near‑term catalyst for the share decline. MarketBeat earnings summary
- Negative Sentiment: FY‑2026 guidance was cut materially: EPS guided to $4.70–$5.30 vs. consensus ~$6.66 and revenue guidance below street expectations — a direct hit to near‑term valuation and investor confidence. Seeking Alpha
- Negative Sentiment: Management cited ERP implementation challenges that are reshaping the 2026 outlook and pressuring execution/timelines — investors worry about cadence of improvement and margin recovery. Yahoo Finance
- Negative Sentiment: Several law firms have announced securities‑fraud investigations into Tennant (multiple filings), increasing legal and reputational risk and likely contributing to selling pressure. BusinessWire (Howard G. Smith)
- Negative Sentiment: Media coverage is describing a sharp intraday selloff and describing the shares as being “obliterated” after the results and guidance, reflecting heightened volatility and elevated trading volume. Yahoo: Why shares are getting obliterated
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.
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