Wall Street Zen Upgrades Tennant (NYSE:TNC) to “Buy”

Tennant (NYSE:TNC) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Weiss Ratings cut Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Freedom Broker raised shares of Tennant from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $77.00 to $85.00 in a research note on Thursday. Zacks Research lowered shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, UBS Group set a $85.00 price objective on shares of Tennant in a report on Thursday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $87.00.

Tennant Stock Down 0.2%

Shares of Tennant stock opened at $71.38 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.18 and a debt-to-equity ratio of 0.65. Tennant has a 12 month low of $60.17 and a 12 month high of $91.93. The business has a fifty day simple moving average of $67.88 and a 200 day simple moving average of $75.75. The stock has a market cap of $1.21 billion, a PE ratio of 53.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.14.

Tennant (NYSE:TNC) last released its quarterly earnings data on Monday, November 2nd. The industrial products company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.42. Tennant had a return on equity of 13.30% and a net margin of 1.85%. The business had revenue of $322.30 million during the quarter, compared to the consensus estimate of $330.75 million. During the same quarter in the prior year, the company posted $1.46 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Research analysts predict that Tennant will post 4.07 EPS for the current year.

Insider Buying and Selling

In other Tennant news, Director Patrick Allen bought 3,000 shares of Tennant stock in a transaction on Monday, August 31st. The shares were purchased at an average cost of $69.42 per share, for a total transaction of $208,260.00. Following the completion of the acquisition, the director owned 4,927 shares in the company, valued at approximately $342,032.34. The trade was a 155.68% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Timothy Morse bought 1,500 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $68.18 per share, with a total value of $102,270.00. Following the completion of the purchase, the director owned 10,614 shares of the company’s stock, valued at approximately $723,662.52. This trade represents a 16.46% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 12,500 shares of company stock valued at $849,250. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tennant

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Tennant in the second quarter valued at approximately $236,255,000. Bank of New York Mellon Corp bought a new stake in shares of Tennant during the second quarter worth $28,562,000. Gamco Investors INC. ET AL increased its position 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 worth $46,905,000 after acquiring an additional 203,802 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Tennant during the second quarter worth $6,178,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Tennant by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 634,158 shares of the industrial products company’s stock worth $42,106,000 after acquiring an additional 49,136 shares during the period. Institutional investors own 93.33% of the company’s stock.

Tennant News Summary

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Freedom Broker upgraded Tennant from “hold” to “buy” and raised its price target from $77 to $85, implying about 19% upside from the cited $71.38 price. Freedom Broker ratings
• Positive Sentiment: Sidoti raised its FY2026 EPS estimate to $4.07 from $3.95 and its Q1 2027 estimate to $1.09 from $0.96, suggesting improvement in those periods.
• Neutral Sentiment: Sidoti’s newly issued forecast calls for EPS of $5.43 in FY2027 and $6.42 in FY2028; the longer-term figures provide a growth outlook but are estimates, not company guidance.
• Negative Sentiment: Sidoti cut estimates for Q4 2026 to $1.26 from $1.55, Q2 2027 to $1.49 from $1.59, and Q3 2027 to $1.30 from $1.51. It also lowered FY2027 EPS to $5.43 from $5.82 and Q4 2027 to $1.55 from $1.76, signaling weaker expectations across several periods.

Tennant Company Profile

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.