WINTON GROUP Ltd Purchases 26,697 Shares of Tennant Company $TNC

WINTON GROUP Ltd lifted its position in shares of Tennant Company (NYSE:TNC) by 181.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,389 shares of the industrial products company’s stock after purchasing an additional 26,697 shares during the period. WINTON GROUP Ltd’s holdings in Tennant were worth $3,623,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TNC. Gabelli Funds LLC lifted its holdings in Tennant by 11.6% in the 1st quarter. Gabelli Funds LLC now owns 199,700 shares of the industrial products company’s stock worth $13,260,000 after buying an additional 20,808 shares during the period. River Road Asset Management LLC increased its stake in shares of Tennant by 9.9% during the fourth quarter. River Road Asset Management LLC now owns 265,530 shares of the industrial products company’s stock valued at $19,570,000 after buying an additional 23,823 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Tennant by 16.9% during the first quarter. Deprince Race & Zollo Inc. now owns 183,084 shares of the industrial products company’s stock valued at $12,157,000 after buying an additional 26,410 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Tennant by 40.5% during the first quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company’s stock valued at $46,905,000 after acquiring an additional 203,802 shares in the last quarter. Finally, BlackRock Inc. bought a new position in shares of Tennant during the second quarter valued at approximately $236,255,000. Hedge funds and other institutional investors own 93.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TNC shares. Wall Street Zen cut shares of Tennant from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Finally, Zacks Research lowered shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $91.00.

Insiders Place Their Bets

In other Tennant news, Director Timothy R. Morse acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $68.18 per share, with a total value of $102,270.00. Following the completion of the purchase, the director directly owned 10,614 shares in the company, valued at approximately $723,662.52. The trade was a 16.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donal L. Mulligan acquired 8,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $67.34 per share, with a total value of $538,720.00. Following the completion of the acquisition, the director owned 16,000 shares in the company, valued at approximately $1,077,440. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.50% of the stock is currently owned by company insiders.

Tennant Stock Performance

Tennant stock opened at $69.04 on Friday. The company has a market capitalization of $1.18 billion, a P/E ratio of 67.68, a PEG ratio of 2.64 and a beta of 1.11. The company has a quick ratio of 1.37, a current ratio of 2.04 and a debt-to-equity ratio of 0.67. Tennant Company has a twelve month low of $60.17 and a twelve month high of $91.93. The stock’s 50 day moving average is $77.75 and its 200 day moving average is $77.70.

Tennant (NYSE:TNC) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.50). Tennant had a net margin of 1.50% and a return on equity of 13.32%. The business had revenue of $324.00 million during the quarter, compared to the consensus estimate of $329.55 million. During the same period last year, the company posted $1.49 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. On average, equities research analysts predict that Tennant Company will post 3.85 earnings per share for the current fiscal year.

Tennant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. Tennant’s dividend payout ratio is 121.57%.

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.