Tennant (NYSE:TNC) Sets New 1-Year Low – What’s Next?

Tennant Company (NYSE:TNC) reached a new 52-week low during trading on Tuesday . The company traded as low as $61.96 and last traded at $64.69, with a volume of 191031 shares changing hands. The stock had previously closed at $82.30.

Tennant News Roundup

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Roth MKM reaffirmed a “buy” rating and set a $91 price target, signaling continued analyst conviction in Tennant’s longer‑term upside despite recent weakness. Read More.
• Positive Sentiment: Tennant reiterated strategic growth targets for its AMR (autonomous mobile robots) business, aiming for $250M in AMR revenue by 2028 — a potential long‑term revenue driver if execution succeeds. Read More.
• Neutral Sentiment: Independent write‑ups and the earnings‑call transcript/presentation provide context on the company’s strategy, ERP rollout issues and margin pressure — useful for investors doing deeper diligence. Read More. Read More.
• Negative Sentiment: Multiple law firms (Frank R. Cruz, Howard G. Smith, Ademi LLP and others) have opened securities‑fraud investigations alleging potential misstatements around Tennant’s financials and disclosures after the Feb. 23 release — this raises the prospect of costly litigation, management distraction and reputational damage. Read More. Read More. Read More. Read More.
• Negative Sentiment: Analyst Sidoti trimmed near‑term EPS estimates for multiple quarters (Q3/Q4 2026 and Q3/Q4 2027), reflecting weaker near‑term profitability expectations tied to the ERP transition and margin pressures. (Research note summarized by MarketBeat)
• Negative Sentiment: Market commentary points to the ERP implementation and its disruption to operations/growth as the proximate cause of the recent sharp share decline — negative headlines and lower guidance/estimates have accelerated selling. Read More. Read More.

Wall Street Analysts Forecast Growth

TNC has been the topic of several recent analyst reports. Roth Mkm restated a “buy” rating and issued a $91.00 price objective (down from $107.00) on shares of Tennant in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Tennant in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $91.00.

Tennant Stock Down 1.1%

The business’s fifty day moving average is $77.66 and its two-hundred day moving average is $78.35. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.58 and a beta of 1.05. The company has a quick ratio of 1.39, a current ratio of 2.05 and a debt-to-equity ratio of 0.45.

Tennant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued 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 (DPR) is 52.99%.

Institutional Investors Weigh In On Tennant

A number of hedge funds have recently bought and sold shares of TNC. Royal Bank of Canada grew its position 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 worth $364,000 after buying an additional 854 shares in the last quarter. AQR Capital Management LLC lifted its stake 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 acquiring an additional 20,275 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $899,000 after acquiring an additional 491 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 valued at $4,483,000 after purchasing an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings 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 valued at $3,103,000 after purchasing an additional 10,946 shares in the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

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.