Vanguard Group Inc. Has $176.08 Million Stake in Tennant Company $TNC

Vanguard Group Inc. lowered its position in Tennant Company (NYSE:TNC) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,172,191 shares of the industrial products company’s stock after selling 93,113 shares during the period. Vanguard Group Inc. owned 11.76% of Tennant worth $176,078,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TNC. PNC Financial Services Group Inc. increased its stake in shares of Tennant by 3.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,790 shares of the industrial products company’s stock worth $550,000 after purchasing an additional 245 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Tennant by 6.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,789 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 273 shares in the last quarter. California State Teachers Retirement System increased its position in Tennant by 1.9% during the second quarter. California State Teachers Retirement System now owns 16,650 shares of the industrial products company’s stock worth $1,290,000 after buying an additional 306 shares during the last quarter. Federated Hermes Inc. increased its position in Tennant by 3.4% during the third quarter. Federated Hermes Inc. now owns 10,062 shares of the industrial products company’s stock worth $816,000 after buying an additional 332 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Tennant in the third quarter worth about $28,000. 93.33% of the stock is currently owned by institutional investors and hedge funds.

Tennant Stock Down 0.1%

NYSE TNC opened at $60.98 on Tuesday. Tennant Company has a twelve month low of $60.17 and a twelve month high of $87.72. The stock has a market cap of $1.09 billion, a PE ratio of 26.06, a PEG ratio of 1.81 and a beta of 1.07. The firm has a 50-day simple moving average of $76.84 and a 200 day simple moving average of $77.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.37 and a current ratio of 2.05.

Tennant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.31 per share. 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 dividend payout ratio (DPR) is presently 52.99%.

Analyst Upgrades and Downgrades

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

Insider Activity at Tennant

In other news, Director David Windley sold 3,694 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $63.86, for a total value of $235,898.84. Following the sale, the director owned 7,422 shares in the company, valued at approximately $473,968.92. The trade was a 33.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donal L. Mulligan acquired 3,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $61.61 per share, with a total value of $184,830.00. Following the acquisition, the director owned 8,000 shares of the company’s stock, valued at approximately $492,880. This represents a 60.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 20,163 shares of company stock valued at $1,261,674. Corporate insiders own 2.60% of the company’s stock.

More Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: CEO David W. Huml bought 4,000 shares (~$64.39), increasing his stake — a direct signal of management confidence that can help stabilize sentiment. Read More.
• Positive Sentiment: Director Donal L. Mulligan purchased additional shares (total ~8,000 across Feb. 26–27 at ~ $63–$61.6), showing continued insider buying interest. Read More.
• Positive Sentiment: Director James T. Glerum acquired 8,163 shares (~$61.25), a large single purchase that reinforces the message of internal buying. Read More.
• Neutral Sentiment: Analysts have revised views and targets after the quarter (some downgrades and lower targets), which can influence short‑term flows but are routine; watch updated research notes for conviction. Read More.
• Negative Sentiment: Multiple law firms (Kirby McInerney, Block & Leviton, Schall) announced investigations into possible securities‑law claims tied to Tennant’s recent Q4 results and guidance — a material legal overhang that likely drove selling pressure. Read More. Read More. Read More.
• Negative Sentiment: Insider selling by directors David Windley (3,694 shares) and Carol S. Eicher (3,130 shares) — these reductions, especially alongside the legal headlines, add to negative investor interpretation. Read More. Read More.
• Negative Sentiment: Price action: Tennant hit an annual low on the NYSE composite amid the post‑earnings reaction, reinforcing the technical downtrend (shares trading below both the 50‑ and 200‑day moving averages). Read More.

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.