Carol Eicher Sells 3,130 Shares of Tennant (NYSE:TNC) Stock

Tennant Company (NYSE:TNC) Director Carol Eicher sold 3,130 shares of Tennant stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $61.98, for a total value of $193,997.40. Following the completion of the transaction, the director directly owned 28,836 shares of the company’s stock, valued at approximately $1,787,255.28. This represents a 9.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tennant Stock Up 1.7%

NYSE:TNC opened at $61.95 on Wednesday. The firm has a market cap of $1.11 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.81 and a beta of 1.07. 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 Company has a fifty-two week low of $60.17 and a fifty-two week high of $87.72. The firm has a 50-day simple moving average of $76.57 and a two-hundred day simple moving average of $77.72.

Tennant Announces Dividend

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

Tennant News Summary

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 — an explicit signal of insider confidence. CEO Form 4
• Positive Sentiment: Director Donal L. Mulligan purchased a total of 8,000 shares across Feb. 26–27 (avg. ~$61.6–$63.9), another management buy that supports insider conviction. Director Form 4
• Positive Sentiment: Director James T. Glerum acquired 8,163 shares at about $61.25 — a sizable insider purchase that can be read positively by investors. Glerum Form 4
• Neutral Sentiment: Analyst notes and rating shifts (mix of downgrades and reiterated buys) are circulating and could influence short‑term sentiment but are routine following earnings/guidance moves. MarketBeat Coverage
• Neutral Sentiment: Tennant’s regular quarterly dividend (recently declared) remains in place, supporting income investors but less likely to move the stock immediately. Dividend/Stock Info
• Neutral Sentiment: The shares recently hit an annual low — a technical signal of recent selling pressure that investors should note when assessing risk. Annual Low Report
• Negative Sentiment: Multiple law firms (Kirby McInerney, Pomerantz, Block & Leviton, Schall) launched investigations into Tennant after its February 24 Q4 results miss and reduced FY26 guidance — a material legal overhang that likely drove recent selling and elevated volatility. Kirby McInerney Alert Pomerantz Alert Block & Leviton Notice Schall Alert
• Negative Sentiment: Two directors (David Windley and Carol Eicher) sold shares in late Feb. (reductions of ~33% and ~9.8% of their holdings respectively) — insider sales that can weigh on market perception alongside the legal headlines. Windley Form 4 Eicher Form 4

Analyst Ratings Changes

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

Institutional Investors Weigh In On Tennant

Several hedge funds and other institutional investors have recently made changes to their positions in TNC. Royal Bank of Canada boosted its holdings in shares of Tennant by 23.0% in 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 during the last quarter. AQR Capital Management LLC increased its holdings in Tennant by 68.8% during the first quarter. AQR Capital Management LLC now owns 49,724 shares of the industrial products company’s stock valued at $3,966,000 after buying an additional 20,275 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Tennant by 4.6% in the first 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Tennant by 17.6% during 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 acquiring an additional 8,421 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Tennant by 39.1% during 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 acquiring an additional 10,946 shares during the period. Hedge funds and other institutional investors own 93.33% of the company’s stock.

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.