James Jr. Glerum Buys 8,163 Shares of Tennant (NYSE:TNC) Stock

Tennant Company (NYSE:TNC) Director James Jr. Glerum purchased 8,163 shares of the stock in a transaction dated Monday, March 2nd. The shares were purchased 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 approximately $526,750. This represents a 1,867.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tennant Stock Performance

Shares of TNC opened at $61.95 on Wednesday. Tennant Company has a 1 year low of $60.17 and a 1 year high of $87.72. The company’s 50 day simple moving average is $76.57 and its 200 day simple moving average is $77.72. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 26.47, a PEG 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.

Tennant Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.0%. Tennant’s payout ratio is currently 52.99%.

Analysts Set New Price Targets

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

Tennant News Summary

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 — an explicit signal of insider confidence. CEO Form 4
• Positive Sentiment: Director Donal L. Mulligan purchased a total of 8,000 shares across Feb. 26–27 (avg. ~$61.6–$63.9), another management buy that supports insider conviction. Director Form 4
• Positive Sentiment: Director James T. Glerum acquired 8,163 shares at about $61.25 — a sizable insider purchase that can be read positively by investors. Glerum Form 4
• Neutral Sentiment: Analyst notes and rating shifts (mix of downgrades and reiterated buys) are circulating and could influence short‑term sentiment but are routine following earnings/guidance moves. MarketBeat Coverage
• Neutral Sentiment: Tennant’s regular quarterly dividend (recently declared) remains in place, supporting income investors but less likely to move the stock immediately. Dividend/Stock Info
• Neutral Sentiment: The shares recently hit an annual low — a technical signal of recent selling pressure that investors should note when assessing risk. Annual Low Report
• Negative Sentiment: Multiple law firms (Kirby McInerney, Pomerantz, Block & Leviton, Schall) launched investigations into Tennant after its February 24 Q4 results miss and reduced FY26 guidance — a material legal overhang that likely drove recent selling and elevated volatility. Kirby McInerney Alert Pomerantz Alert Block & Leviton Notice Schall Alert
• Negative Sentiment: Two directors (David Windley and Carol Eicher) sold shares in late Feb. (reductions of ~33% and ~9.8% of their holdings respectively) — insider sales that can weigh on market perception alongside the legal headlines. Windley Form 4 Eicher Form 4

Institutional Trading of Tennant

A number of institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new position in Tennant in the third quarter valued at about $28,000. CoreCap Advisors LLC acquired a new stake in shares of Tennant in the third quarter valued at about $30,000. Hantz Financial Services Inc. raised its holdings in shares of Tennant by 85.1% during the 4th 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. UMB Bank n.a. lifted its position in Tennant by 1,778.6% during 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. Finally, Whittier Trust Co. acquired a new position in shares of Tennant during the third quarter worth $74,000. 93.33% of the stock is owned by hedge funds and other institutional investors.

Tennant Company 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.