Tennant (NYSE:TNC) Director Timothy Morse Buys 1,500 Shares of Stock

Tennant Company (NYSE:TNC) Director Timothy Morse purchased 1,500 shares of Tennant stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $68.18 per share, with a total value of $102,270.00. Following the transaction, the director directly owned 10,614 shares of the company’s stock, valued at $723,662.52. This represents a 16.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Tennant Stock Performance

Shares of TNC opened at $67.92 on Friday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 66.58, a P/E/G ratio of 2.57 and a beta of 1.13. The business’s fifty day simple moving average is $85.00 and its two-hundred day simple moving average is $79.21. Tennant Company has a 12 month low of $60.17 and a 12 month high of $91.93. The company has a current ratio of 2.04, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67.

Tennant (NYSE:TNC) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.50). The business had revenue of $324.00 million for the quarter, compared to analysts’ expectations of $329.55 million. Tennant had a net margin of 1.50% and a return on equity of 13.32%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $1.49 earnings per share. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. Research analysts anticipate that Tennant Company will post 3.85 earnings per share for the current fiscal year.

Tennant Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. Tennant’s dividend payout ratio is 121.57%.

Tennant declared that its Board of Directors has authorized a stock buyback program on Monday, May 4th that allows the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization allows the industrial products company to buy up to 11.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

TNC has been the subject of several recent research reports. Zacks Research lowered Tennant from a “strong-buy” rating to a “strong sell” rating in a report on Monday. Weiss Ratings lowered shares of Tennant from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Tennant from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Institutional Investors Weigh In On Tennant

Institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in shares of Tennant by 85.1% in the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 177 shares during the period. UMB Bank n.a. boosted its holdings in Tennant by 1,778.6% in the fourth quarter. UMB Bank n.a. now owns 526 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 498 shares during the last quarter. State of Wyoming acquired a new stake in Tennant during the 2nd quarter worth about $73,000. BNP Paribas Financial Markets grew its position in Tennant by 25.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,936 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 389 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Tennant by 40.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,492 shares of the industrial products company’s stock worth $193,000 after buying an additional 722 shares during the last quarter. 93.33% of the stock is currently owned by institutional investors and hedge funds.

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.