Insider Buying: Tennant (NYSE:TNC) Director Buys $208,260.00 in Stock

26 Sep 2026, 04:52 by Scott Moore · The Cerbat Gem

Tennant Company (NYSE:TNC – Get Free Report) Director Patrick Allen purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average price of $69.42 per share, for a total transaction of $208,260.00. Following the completion of the transaction, the director owned 4,927 shares in the company, valued at $342,032.34. The trade was a 155.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Tennant Stock Performance

Tennant stock opened at $67.70 on Friday. The stock has a 50-day simple moving average of $73.58 and a 200 day simple moving average of $77.86. The company has a quick ratio of 1.37, a current ratio of 2.04 and a debt-to-equity ratio of 0.67. Tennant Company has a 12-month low of $60.17 and a 12-month high of $91.93. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 66.38, a P/E/G ratio of 2.46 and a beta of 1.11.

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

Tennant Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. Tennant’s dividend payout ratio (DPR) is currently 121.57%.

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on TNC

Institutional Investors Weigh In On Tennant

Several institutional investors have recently modified their holdings of TNC. Hantz Financial Services Inc. lifted its holdings in Tennant by 85.1% in the fourth quarter. Hantz Financial Services Inc. now owns 385 shares of the industrial products company’s stock valued at $28,000 after buying an additional 177 shares during the period. Aristides Capital LLC grew its holdings in Tennant by 12.9% during the 1st quarter. Aristides Capital LLC now owns 3,079 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 352 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Tennant during the 2nd quarter worth $39,000. Invenomic Capital Management LP raised its position in shares of Tennant by 0.4% during the 4th quarter. Invenomic Capital Management LP now owns 331,174 shares of the industrial products company’s stock valued at $24,408,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Sylvest Advisors LLC raised its position in shares of Tennant by 20.5% during the 1st quarter. Sylvest Advisors LLC now owns 8,594 shares of the industrial products company’s stock valued at $571,000 after acquiring an additional 1,461 shares during the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

Tennant Company Profile

(Get Free Report)

Tennant Company is a manufacturer of cleaning equipment and related solutions for commercial, industrial and institutional customers. Its product portfolio includes industrial floor scrubbers, sweepers, outdoor cleaning equipment, and compact machines designed for a range of facility sizes and cleaning requirements.