Tennant (NYSE:TNC) CEO David Huml Buys 4,000 Shares

Tennant Company (NYSE:TNC) CEO David Huml bought 4,000 shares of Tennant stock in a transaction that occurred on Thursday, February 26th. The shares were acquired at an average cost of $64.39 per share, for a total transaction of $257,560.00. Following the acquisition, the chief executive officer owned 67,958 shares in the company, valued at $4,375,815.62. The trade was a 6.25% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Tennant Stock Performance

Tennant stock opened at $60.98 on Tuesday. The firm has a fifty day simple moving average of $76.84 and a two-hundred day simple moving average of $77.86. The company has a quick ratio of 1.37, a current ratio of 2.05 and a debt-to-equity ratio of 0.45. Tennant Company has a twelve month low of $60.17 and a twelve month high of $87.72. The company has a market capitalization of $1.09 billion, a PE ratio of 26.06, a P/E/G ratio of 1.81 and a beta of 1.07.

Tennant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Tennant’s payout ratio is 52.99%.

Hedge Funds Weigh In On Tennant

Several hedge funds have recently made changes to their positions in TNC. Royal Bank of Canada raised its holdings in shares of Tennant by 23.0% during the first quarter. Royal Bank of Canada now owns 4,563 shares of the industrial products company’s stock valued at $364,000 after acquiring an additional 854 shares in the last quarter. AQR Capital Management LLC increased its position in Tennant by 68.8% during the 1st quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company’s stock valued at $3,966,000 after purchasing an additional 20,275 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Tennant by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,271 shares of the industrial products company’s stock valued at $899,000 after purchasing an additional 491 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Tennant by 17.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 56,214 shares of the industrial products company’s stock worth $4,483,000 after purchasing an additional 8,421 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Tennant by 39.1% in the 1st quarter. Jane Street Group LLC now owns 38,911 shares of the industrial products company’s stock worth $3,103,000 after purchasing an additional 10,946 shares during the period. 93.33% of the stock is owned by hedge funds and other institutional investors.

Tennant News Roundup

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: CEO David W. Huml purchased 4,000 shares at about $64.39 (increasing his stake ~6.25%), a show of insider confidence from the chief executive. CEO Form 4
• Positive Sentiment: Director Donal L. Mulligan bought a total of 8,000 shares across Feb. 26–27 (purchases at ~$63.86 and $61.61), a meaningful increase in his holdings. Director Form 4
• Positive Sentiment: Director James T. Glerum bought 8,163 shares at about $61.25, a large increase in his position that signals management-level buying. Director Form 4
• Neutral Sentiment: Research notes and Q1 earnings estimates are being circulated; analysts’ forecasts may influence short‑term reaction but are routine. Analyst Estimates
• Neutral Sentiment: Feature pieces presenting a “bull case” for Tennant are available; useful for longer‑term thesis but less likely to move stock immediately. Bull Case Article
• Negative Sentiment: Director David Windley sold 3,694 shares (~33% reduction of his holdings) at about $63.86, which could be read negatively by investors. Director Sale Form 4
• Negative Sentiment: Director Carol S. Eicher sold 3,130 shares at about $61.98 (a ~9.8% reduction), another insider sale that may weigh on sentiment. Director Sale Form 4
• Negative Sentiment: Multiple law firms (Kirby McInerney, Block & Leviton, Schall) announced investigations into possible securities‑law claims related to Tennant’s recent quarterly results and guidance — a material legal overhang that likely pressured the stock. Kirby McInerney Alert
• Negative Sentiment: Block & Leviton announced a securities‑fraud investigation encouraging affected investors to contact the firm, adding to legal risk and negative sentiment. Block & Leviton Notice
• Negative Sentiment: The Schall Law Firm also opened an investigation, reinforcing the narrative of potential liability after the company’s earnings/guidance update. Schall Law Firm Alert

Wall Street Analyst Weigh In

TNC has been the topic of a number of analyst reports. Wall Street Zen cut Tennant from a “buy” rating to a “hold” rating in a research note on Saturday. Roth Mkm restated a “buy” rating and issued a $91.00 target price (down from $107.00) on shares of Tennant in a report on Wednesday, February 25th. Freedom Capital downgraded shares of Tennant from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tennant in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Tennant from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” 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.