Tennant Company $TNC Holdings Trimmed by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in Tennant Company (NYSE:TNC) by 51.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,500 shares of the industrial products company’s stock after selling 17,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Tennant were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TNC. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Tennant by 1,683.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 428 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 404 shares during the last quarter. Inspire Investing LLC lifted its holdings in Tennant by 21.4% during the 3rd quarter. Inspire Investing LLC now owns 9,559 shares of the industrial products company’s stock worth $643,000 after buying an additional 1,684 shares in the last quarter. Skylands Capital LLC boosted its position in Tennant by 147.4% in the 3rd quarter. Skylands Capital LLC now owns 14,100 shares of the industrial products company’s stock valued at $948,000 after buying an additional 8,400 shares during the last quarter. Kopion Asset Management LLC boosted its position in Tennant by 22.1% in the 3rd quarter. Kopion Asset Management LLC now owns 121,980 shares of the industrial products company’s stock valued at $8,199,000 after buying an additional 22,102 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Tennant by 64.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 947 shares of the industrial products company’s stock valued at $64,000 after buying an additional 372 shares during the period. 93.33% of the stock is currently owned by institutional investors and hedge funds.

Tennant Stock Up 1.3%

Shares of NYSE:TNC opened at $73.13 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.18 and a quick ratio of 1.37. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 2.61 and a beta of 1.14. The company has a 50 day moving average of $67.84 and a 200-day moving average of $75.82. Tennant Company has a one year low of $60.17 and a one year high of $91.93.

Tennant (NYSE:TNC) last announced its quarterly earnings data on Monday, November 2nd. The industrial products company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.42. Tennant had a net margin of 1.85% and a return on equity of 13.30%. The business had revenue of $322.30 million for the quarter, compared to analyst estimates of $330.75 million. During the same period in the prior year, the business posted $1.46 earnings per share. Tennant’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Tennant Company will post 3.95 earnings per share for the current year.

Tennant Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.3250 per share. This represents a $1.30 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, November 30th. This is a positive change from Tennant’s previous quarterly dividend of $0.31. Tennant’s dividend payout ratio is presently 121.57%.

Insider Activity

In related news, Director Patrick E. Allen acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $69.42 per share, with a total value of $208,260.00. Following the completion of the purchase, the director directly owned 4,927 shares in the company, valued at approximately $342,032.34. This trade represents a 155.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy R. Morse acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average cost of $68.18 per share, with a total value of $102,270.00. Following the completion of the purchase, the director owned 10,614 shares of the company’s stock, valued at $723,662.52. This trade represents a 16.46% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 12,500 shares of company stock valued at $849,250 in the last 90 days. 3.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TNC has been the subject of a number of recent research reports. Wall Street Zen downgraded Tennant from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Tennant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Finally, Zacks Research cut Tennant from a “strong-buy” rating to a “strong sell” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $91.00.

Key Headlines Impacting Tennant

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Q3 EPS was $1.40, beating the $0.98 consensus estimate. The company also reported 6.3% year-over-year revenue growth. Tennant Q3 earnings flash
• Positive Sentiment: Management’s 2026 EPS guidance of $3.80–$4.45 has a midpoint above the $3.85 analyst consensus, although the bottom of the range is slightly below it. Revenue guidance of $1.3 billion is in line with expectations. TNC Q3 deep dive
• Positive Sentiment: Tennant raised its quarterly dividend 4.8%, from $0.31 to $0.325 per share, signaling continued commitment to shareholder returns. Tennant dividend increase
• Neutral Sentiment: Robotics momentum and progress on the ERP system were cited as drivers of margin recovery, but the available report summary does not quantify their expected financial contribution. TNC Q3 deep dive
• Negative Sentiment: Q3 revenue of $322.3 million came in below analysts’ $330.75 million estimate, tempering the strong EPS beat. Tennant misses Q3 revenue estimates

Tennant Profile

Tennant Company is a manufacturer of cleaning equipment and technologies for commercial, industrial and institutional customers. Its product portfolio includes floor scrubbers, sweepers, combination machines, carpet extractors, outdoor cleaning equipment and related vacuum systems. The company also offers cleaning solutions, replacement parts, maintenance programs and other services designed to support facility-management operations.

Tennant develops technology aimed at improving cleaning efficiency and reducing environmental impact.