Donal Mulligan Acquires 3,000 Shares of Tennant (NYSE:TNC) Stock

Tennant Company (NYSE:TNC) Director Donal 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, for a total transaction of $184,830.00. Following the purchase, the director directly owned 8,000 shares in the company, valued at approximately $492,880. This trade represents a 60.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tennant Stock Performance

TNC opened at $61.95 on Wednesday. The firm has a fifty day moving average price of $76.57 and a 200 day moving average price of $77.72. Tennant Company has a 1 year low of $60.17 and a 1 year high of $87.72. The stock 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 current ratio of 2.05 and a quick ratio of 1.37.

Tennant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, February 27th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. Tennant’s dividend payout ratio (DPR) is 52.99%.

Key Stories Impacting Tennant

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TNC. River Road Asset Management LLC grew its holdings in shares of Tennant by 131.0% during the second quarter. River Road Asset Management LLC now owns 240,167 shares of the industrial products company’s stock worth $19,823,000 after buying an additional 136,221 shares in the last quarter. American Century Companies Inc. boosted its position in Tennant by 54.2% during the second quarter. American Century Companies Inc. now owns 343,614 shares of the industrial products company’s stock worth $26,623,000 after acquiring an additional 120,793 shares during the last quarter. Vision One Management Partners LP grew its stake in Tennant by 63.1% during the 3rd quarter. Vision One Management Partners LP now owns 291,864 shares of the industrial products company’s stock valued at $23,212,000 after acquiring an additional 112,873 shares in the last quarter. Millennium Management LLC raised its holdings in Tennant by 33.8% in the 4th quarter. Millennium Management LLC now owns 358,452 shares of the industrial products company’s stock valued at $26,418,000 after acquiring an additional 90,611 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Tennant by 158.4% in the 4th quarter. Jane Street Group LLC now owns 94,461 shares of the industrial products company’s stock valued at $6,962,000 after acquiring an additional 57,907 shares during the last quarter. Hedge funds and other institutional investors own 93.33% of the company’s stock.

Analysts Set New Price Targets

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

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.