Tennant (NYSE:TNC) Director James Jr. Glerum Buys 8,163 Shares

Tennant Company (NYSE:TNC) Director James Jr. Glerum purchased 8,163 shares of Tennant stock in a transaction dated Monday, March 2nd. The shares were acquired at an average cost of $61.25 per share, with a total value of $499,983.75. Following the transaction, the director directly owned 8,600 shares in the company, valued at approximately $526,750. The trade was a 1,867.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Tennant Stock Performance

Shares of NYSE TNC opened at $60.98 on Tuesday. Tennant Company has a 12-month low of $60.17 and a 12-month high of $87.72. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The company has a current ratio of 2.05, a quick ratio of 1.37 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $76.84 and a 200 day moving average of $77.86.

Tennant Dividend Announcement

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

Hedge Funds Weigh In On Tennant

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

Analyst Ratings Changes

A number of research firms have commented on TNC. Roth Mkm restated a “buy” rating and set a $91.00 target price (down from $107.00) on shares of Tennant in a research note on Wednesday, February 25th. Freedom Capital downgraded shares of Tennant from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of Tennant from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research cut Tennant from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tennant in a research note on Monday, December 29th. One equities research 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.com, Tennant has an average rating of “Hold” and a consensus price target of $91.00.

Tennant News Summary

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

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.