Deprince Race & Zollo Inc. Buys 26,410 Shares of Tennant Company $TNC

Deprince Race & Zollo Inc. lifted its position in Tennant Company (NYSE:TNC) by 16.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183,084 shares of the industrial products company’s stock after purchasing an additional 26,410 shares during the period. Deprince Race & Zollo Inc.’s holdings in Tennant were worth $12,157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TNC. Dimensional Fund Advisors LP increased its holdings in Tennant by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 585,022 shares of the industrial products company’s stock worth $43,116,000 after purchasing an additional 6,760 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Tennant by 0.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 502,598 shares of the industrial products company’s stock worth $37,041,000 after buying an additional 2,803 shares during the period. American Century Companies Inc. lifted its holdings in shares of Tennant by 26.6% in the 3rd quarter. American Century Companies Inc. now owns 434,996 shares of the industrial products company’s stock worth $35,261,000 after buying an additional 91,382 shares during the period. Millennium Management LLC grew its position in shares of Tennant by 33.8% during the 4th quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock worth $26,418,000 after buying an additional 90,611 shares in the last quarter. Finally, Vision One Management Partners LP grew its position in shares of Tennant by 18.1% during the 4th quarter. Vision One Management Partners LP now owns 344,585 shares of the industrial products company’s stock worth $25,396,000 after buying an additional 52,721 shares in the last quarter. Institutional investors own 93.33% of the company’s stock.

Tennant Stock Performance

Shares of NYSE:TNC opened at $87.49 on Friday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 52.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. Tennant Company has a 52 week low of $60.17 and a 52 week high of $91.93. The company has a quick ratio of 1.41, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of $85.37 and a 200 day moving average of $77.82.

Tennant (NYSE:TNC) last announced its earnings results on Monday, May 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.18. The business had revenue of $297.90 million for the quarter, compared to analysts’ expectations of $289.25 million. Tennant had a return on equity of 14.87% and a net margin of 2.55%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS. On average, sell-side analysts predict that Tennant Company will post 5.12 earnings per share for the current fiscal year.

Tennant declared that its board has initiated a stock repurchase plan on Monday, May 4th that authorizes the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 11.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Tennant Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. Tennant’s dividend payout ratio is 74.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TNC shares. Zacks Research upgraded Tennant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Weiss Ratings raised shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Finally, Wall Street Zen upgraded shares of Tennant from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Tennant has a consensus rating of “Moderate Buy” and an average target price of $91.00.

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.