Freedom Capital Downgrades Tennant (NYSE:TNC) to Hold

Tennant (NYSE:TNC) was downgraded by equities researchers at Freedom Capital from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

TNC has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tennant in a report on Monday, December 29th. Wall Street Zen lowered shares of Tennant from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Roth Mkm reiterated a “buy” rating and issued a $91.00 price objective (down from $107.00) on shares of Tennant in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Tennant Stock Down 2.3%

Shares of NYSE TNC opened at $60.93 on Thursday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 26.04, a PEG ratio of 1.85 and a beta of 1.05. Tennant has a one year low of $60.31 and a one year high of $87.72. The firm’s 50 day simple moving average is $77.13 and its two-hundred day simple moving average is $78.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.05 and a quick ratio of 1.39.

Institutional Trading of Tennant

Several large investors have recently modified their holdings of TNC. Comerica Bank increased its holdings in Tennant by 1.2% during the 3rd quarter. Comerica Bank now owns 12,290 shares of the industrial products company’s stock valued at $996,000 after purchasing an additional 144 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Tennant by 2.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,115 shares of the industrial products company’s stock worth $451,000 after buying an additional 148 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Tennant by 85.1% during the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock valued at $28,000 after buying an additional 177 shares during the period. Swiss National Bank raised its holdings in shares of Tennant by 0.6% during the third quarter. Swiss National Bank now owns 34,300 shares of the industrial products company’s stock valued at $2,780,000 after acquiring an additional 200 shares in the last quarter. Finally, First Affirmative Financial Network lifted its stake in Tennant by 7.2% in the third quarter. First Affirmative Financial Network now owns 3,270 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 220 shares during the period. 93.33% of the stock is owned by institutional investors.

Key Headlines Impacting Tennant

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Roth MKM reiterated a Buy rating on Tennant, which provides a supportive broker view for longer-term holders. Roth MKM Reiterates Buy Rating for Tennant
• Neutral Sentiment: Market commentary is reassessing Tennant’s valuation after weaker share performance; this frames current moves as part fundamentals review rather than a single catalyst. Assessing Tennant’s Valuation
• Negative Sentiment: Sidoti sharply cut EPS forecasts across multiple quarters and years (examples: Q1 2026 cut from $1.30 to $0.41; Q2 2026 cut from $1.71 to $1.13; FY2026 cut from $6.39 to $4.81; FY2027 cut from $7.37 to $6.42). These downward revisions signal weaker near-term profitability expectations and are a primary driver of bearish sentiment. MarketBeat – Tennant Analyst Reports
• Negative Sentiment: Multiple law firms have announced securities‑fraud investigations into Tennant, alleging possible misstatements in financials/operations; such probes raise legal, disclosure and reputational risk and often weigh on stock performance until resolved. BusinessWire – Securities Fraud Investigation Announced PR Newswire – Pomerantz Investigation

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.