Tennant (NYSE:TNC) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Tennant (NYSE:TNC) from a strong-buy rating to a strong sell rating in a research report released on Monday,Zacks.com reports.

Several other brokerages also recently commented on TNC. Weiss Ratings upgraded Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Wall Street Zen downgraded Tennant from a “buy” rating to a “hold” rating in a report on Saturday. One investment 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 MarketBeat.com, Tennant presently has an average rating of “Hold” and an average price target of $91.00.

Tennant Trading Down 3.8%

Shares of NYSE TNC opened at $66.63 on Monday. The firm’s 50 day moving average price is $85.64 and its 200-day moving average price is $79.35. The company has a market cap of $1.14 billion, a PE ratio of 65.33, a P/E/G ratio of 2.57 and a beta of 1.13. Tennant has a 52-week low of $60.17 and a 52-week high of $91.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 2.04.

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

Tennant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Tennant’s payout ratio is presently 121.57%.

Tennant declared that its Board of Directors has authorized a share buyback plan on Monday, May 4th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 11.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Tennant

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its holdings in shares of Tennant by 106.5% in the fourth quarter. Comerica Bank now owns 25,379 shares of the industrial products company’s stock worth $1,870,000 after acquiring an additional 13,089 shares during the period. Lightrock Netherlands B.V. increased its position in Tennant by 7.2% during the fourth quarter. Lightrock Netherlands B.V. now owns 148,526 shares of the industrial products company’s stock valued at $10,946,000 after acquiring an additional 10,000 shares during the last quarter. Gabelli Funds LLC lifted its holdings in Tennant by 11.6% in the first quarter. Gabelli Funds LLC now owns 199,700 shares of the industrial products company’s stock valued at $13,260,000 after acquiring an additional 20,808 shares during the period. River Road Asset Management LLC lifted its holdings in Tennant by 9.9% in 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 acquiring an additional 23,823 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its position in Tennant by 16.9% in the first quarter. Deprince Race & Zollo Inc. now owns 183,084 shares of the industrial products company’s stock worth $12,157,000 after purchasing an additional 26,410 shares during the last quarter. Institutional investors own 93.33% of the company’s stock.

Trending Headlines about Tennant

Here are the key news stories impacting Tennant this week:

• Negative Sentiment: Sidoti cut its Tennant earnings estimates across multiple periods: Q3 2026 EPS to $1.10 from $1.56, Q4 2026 EPS to $1.45 from $1.80, and FY2026 EPS to $3.96 from $5.12. The FY2026 estimate is also below the broader consensus of $4.13. Sidoti Has Negative Estimate for Tennant Q2 Earnings
• Negative Sentiment: The analyst also lowered forward forecasts, including Q1 2027 EPS to $0.99 from $1.36 and FY2027 EPS to $5.82 from $6.60. These cuts suggest that the pressure is viewed as extending beyond the current fiscal year. Why Tennant Company’s Stock Is Down
• Negative Sentiment: The estimate reductions follow Tennant’s latest quarterly results, which missed expectations: adjusted earnings were $0.83 per share versus a $1.33 consensus estimate, while revenue of $324.0 million was below the $329.6 million forecast. Earnings also declined from $1.49 per share a year earlier, despite modest revenue growth.

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.