Tennant Company $TNC Shares Sold by UBS Group AG

UBS Group AG lowered its position in Tennant Company (NYSE:TNC) by 27.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,671 shares of the industrial products company’s stock after selling 24,836 shares during the period. UBS Group AG’s holdings in Tennant were worth $4,914,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Comerica Bank raised its position in shares of Tennant by 1.2% in the third quarter. Comerica Bank now owns 12,290 shares of the industrial products company’s stock worth $996,000 after acquiring an additional 144 shares during the period. Swiss National Bank raised its position in shares of Tennant by 0.6% in the third quarter. Swiss National Bank now owns 34,300 shares of the industrial products company’s stock worth $2,780,000 after acquiring an additional 200 shares during the period. First Affirmative Financial Network raised its position in shares of Tennant by 7.2% during the 3rd quarter. First Affirmative Financial Network now owns 3,270 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 220 shares during the last quarter. PNC Financial Services Group Inc. raised its position 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. Finally, California State Teachers Retirement System raised its position in shares of Tennant by 1.9% during the 2nd quarter. California State Teachers Retirement System now owns 16,650 shares of the industrial products company’s stock worth $1,290,000 after purchasing an additional 306 shares during the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

Insider Buying and Selling

In related news, Director Donal L. Mulligan bought 3,000 shares of the business’s stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $61.61 per share, with a total value of $184,830.00. Following the purchase, the director directly owned 8,000 shares of the company’s stock, valued at $492,880. The trade was a 60.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David W. Huml purchased 4,000 shares of Tennant stock in a transaction dated Thursday, February 26th. The shares were bought at an average price 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 approximately $4,375,815.62. This trade represents a 6.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 20,163 shares of company stock worth $1,261,674 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

Tennant Stock Down 0.8%

TNC stock opened at $82.26 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.41 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average of $75.38 and a two-hundred day moving average of $74.95. Tennant Company has a 12 month low of $60.17 and a 12 month high of $88.86. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 2.31 and a beta of 1.12.

Tennant (NYSE:TNC) last issued its earnings results on Monday, May 4th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.18. The business had revenue of $297.90 million for the quarter, compared to analysts’ expectations of $289.25 million. Tennant had a return on equity of 14.87% and a net margin of 2.55%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS. As a group, analysts forecast that Tennant Company will post 5.12 earnings per share for the current fiscal year.

Tennant announced that its board has authorized a stock repurchase plan on Monday, May 4th that permits the company to repurchase 2,000,000,000,000 shares. This repurchase authorization permits the industrial products company to reacquire up to 11.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Tennant Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, May 29th. Tennant’s dividend payout ratio is presently 74.70%.

Analysts Set New Price Targets

TNC has been the subject of several research analyst reports. Roth Mkm restated a “buy” rating and set a $91.00 price target (down from $107.00) on shares of Tennant in a research report on Wednesday, February 25th. Weiss Ratings downgraded shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Tennant from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Freedom Capital downgraded shares of Tennant from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Zacks Research upgraded shares of Tennant from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $91.00.

Tennant 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.