Tennant (NYSE:TNC) Lowered to Hold Rating by Freedom Capital

Freedom Capital lowered shares of Tennant (NYSE:TNC) from a strong-buy rating to a hold rating in a research note published on Thursday,Zacks.com reports.

A number of other analysts have also commented on TNC. Roth Mkm reissued a “buy” rating and issued a $91.00 price objective (down from $107.00) on shares of Tennant in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Tennant in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Tennant from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $91.00.

Tennant Stock Down 2.3%

Tennant stock traded down $1.40 during midday trading on Thursday, reaching $60.93. The stock had a trading volume of 435,825 shares, compared to its average volume of 197,445. The stock has a market capitalization of $1.09 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05. The firm’s fifty day simple moving average is $77.13 and its 200-day simple moving average is $78.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.39 and a current ratio of 2.05. Tennant has a 1-year low of $60.31 and a 1-year high of $87.72.

Tennant Announces Dividend

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

Institutional Trading of Tennant

A number of hedge funds have recently made changes to their positions in TNC. Corient Private Wealth LLC acquired a new stake in Tennant during the 2nd quarter valued at $1,213,000. Bank of New York Mellon Corp raised its position in shares of Tennant by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 167,384 shares of the industrial products company’s stock valued at $12,969,000 after purchasing an additional 4,377 shares during the period. Bailard Inc. bought a new position in shares of Tennant in the second quarter valued at about $651,000. River Road Asset Management LLC lifted its stake in shares of Tennant by 131.0% during the 2nd quarter. River Road Asset Management LLC now owns 240,167 shares of the industrial products company’s stock worth $19,823,000 after buying an additional 136,221 shares during the last quarter. Finally, QSV Equity Investors LLC bought a new stake in shares of Tennant during the 2nd quarter worth about $1,057,000. 93.33% of the stock is owned by institutional investors and hedge funds.

Tennant News Summary

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.