Vanguard Group Inc. Has $176.08 Million Stake in Tennant Company $TNC

Vanguard Group Inc. lowered its stake in Tennant Company (NYSE:TNC) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,172,191 shares of the industrial products company’s stock after selling 93,113 shares during the period. Vanguard Group Inc. owned 0.12% of Tennant worth $176,078,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Tennant by 23.0% in the 1st quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company’s stock valued at $364,000 after buying an additional 854 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Tennant by 68.8% in the first quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company’s stock valued at $3,966,000 after acquiring an additional 20,275 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Tennant by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company’s stock worth $899,000 after purchasing an additional 491 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Tennant by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 56,214 shares of the industrial products company’s stock worth $4,483,000 after purchasing an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Tennant by 39.1% during the 1st quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company’s stock valued at $3,103,000 after purchasing an additional 10,946 shares during the period. Institutional investors own 93.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TNC shares. Wall Street Zen cut shares of Tennant from a “buy” rating to a “hold” rating in a research note on Saturday. Roth Mkm reaffirmed a “buy” rating and issued a $91.00 price target (down from $107.00) on shares of Tennant in a research note on Wednesday, February 25th. Freedom Capital downgraded Tennant from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Zacks Research lowered shares of Tennant from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tennant in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $91.00.

Tennant Stock Performance

NYSE TNC opened at $60.98 on Tuesday. The stock has a market cap of $1.09 billion, a PE ratio of 26.06, a P/E/G ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.37 and a current ratio of 2.05. The firm has a 50-day moving average of $76.84 and a 200-day moving average of $77.86. Tennant Company has a 52-week low of $60.17 and a 52-week high of $87.72.

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 given a $0.31 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. Tennant’s dividend payout ratio is presently 52.99%.

More Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: CEO David W. Huml bought 4,000 shares (~$64.39), increasing his stake — a direct signal of management confidence that can help stabilize sentiment. Read More.
• Positive Sentiment: Director Donal L. Mulligan purchased additional shares (total ~8,000 across Feb. 26–27 at ~ $63–$61.6), showing continued insider buying interest. Read More.
• Positive Sentiment: Director James T. Glerum acquired 8,163 shares (~$61.25), a large single purchase that reinforces the message of internal buying. Read More.
• Neutral Sentiment: Analysts have revised views and targets after the quarter (some downgrades and lower targets), which can influence short‑term flows but are routine; watch updated research notes for conviction. Read More.
• Negative Sentiment: Multiple law firms (Kirby McInerney, Block & Leviton, Schall) announced investigations into possible securities‑law claims tied to Tennant’s recent Q4 results and guidance — a material legal overhang that likely drove selling pressure. Read More. Read More. Read More.
• Negative Sentiment: Insider selling by directors David Windley (3,694 shares) and Carol S. Eicher (3,130 shares) — these reductions, especially alongside the legal headlines, add to negative investor interpretation. Read More. Read More.
• Negative Sentiment: Price action: Tennant hit an annual low on the NYSE composite amid the post‑earnings reaction, reinforcing the technical downtrend (shares trading below both the 50‑ and 200‑day moving averages). Read More.

Insider Activity at Tennant

In other news, Director James T. Jr. Glerum bought 8,163 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $61.25 per share, with a total value of $499,983.75. Following the completion of the acquisition, the director owned 8,600 shares of the company’s stock, valued at $526,750. This represents a 1,867.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Donal L. Mulligan bought 5,000 shares of Tennant stock in a transaction dated Thursday, February 26th. The stock was acquired at an average cost of $63.86 per share, with a total value of $319,300.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $319,300. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 20,163 shares of company stock valued at $1,261,674 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Tennant Profile

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.