Tennant Company $TNC Stock: Skylands Capital LLC Grows Holdings

Skylands Capital LLC lifted its holdings in Tennant Company (NYSE:TNC) by 147.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,100 shares of the industrial products company’s stock after acquiring an additional 8,400 shares during the period. Skylands Capital LLC owned approximately 0.08% of Tennant worth $948,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TNC. Kopion Asset Management LLC raised its stake in Tennant by 22.1% in the 3rd quarter. Kopion Asset Management LLC now owns 121,980 shares of the industrial products company’s stock worth $8,199,000 after purchasing an additional 22,102 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Tennant by 64.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 947 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 372 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Tennant by 44.0% during the 3rd quarter. Versant Capital Management Inc now owns 579 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 177 shares in the last quarter. WINTON GROUP Ltd increased its holdings in shares of Tennant by 181.7% during the second quarter. WINTON GROUP Ltd now owns 41,389 shares of the industrial products company’s stock worth $3,623,000 after purchasing an additional 26,697 shares during the period. Finally, Amundi bought a new position in shares of Tennant during the second quarter worth approximately $247,000. 93.33% of the stock is owned by institutional investors.

Tennant Stock Down 1.1%

TNC stock opened at $65.34 on Thursday. Tennant Company has a 52 week low of $60.17 and a 52 week high of $91.93. The business has a 50-day simple moving average of $68.00 and a 200 day simple moving average of $78.09. The company has a quick ratio of 1.37, a current ratio of 2.04 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.11 billion, a PE ratio of 64.06, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15.

Tennant (NYSE:TNC) last announced its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.50). Tennant had a return on equity of 13.32% and a net margin of 1.50%. The firm had revenue of $324.00 million for the quarter, compared to analyst estimates of $329.55 million. During the same quarter in the previous year, the company earned $1.49 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. Sell-side analysts anticipate that Tennant Company will post 3.84 EPS for the current fiscal year.

Tennant Dividend Announcement

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

Insider Transactions at Tennant

In other news, Director Donal Mulligan purchased 8,000 shares of Tennant stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $67.34 per share, for a total transaction of $538,720.00. Following the transaction, the director owned 16,000 shares of the company’s stock, valued at approximately $1,077,440. The trade was a 100.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Patrick Allen purchased 3,000 shares of Tennant stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average price of $69.42 per share, for a total transaction of $208,260.00. Following the transaction, the director directly owned 4,927 shares in the company, valued at $342,032.34. This represents a 155.68% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 12,500 shares of company stock valued at $849,250. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 10th. Weiss Ratings downgraded Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Finally, Wall Street Zen downgraded Tennant from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.00.

About Tennant

Tennant Company is a manufacturer of cleaning equipment and technologies for commercial, industrial and institutional customers. Its product portfolio includes floor scrubbers, sweepers, combination machines, carpet extractors, outdoor cleaning equipment and related vacuum systems. The company also offers cleaning solutions, replacement parts, maintenance programs and other services designed to support facility-management operations.

Tennant develops technology aimed at improving cleaning efficiency and reducing environmental impact.