TNC

67.1200.63%

Donal Mulligan Buys 8,000 Shares of Tennant (NYSE:TNC) Stock

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Aug 14, 2026 at 11:22 AM

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Tennant Company (NYSE:TNC) Director Donal Mulligan purchased 8,000 shares valued at $538,720 on August 12, doubling his stake to 16,000 shares. This transaction was disclosed via an SEC filing. The news also highlights recent analyst downgrades for TNC, including moves by Wall Street Zen and Zacks Research, alongside updates on institutional investor holdings from firms like BlackRock and Gamco Investors.

Tennant Company (NYSE:TNC - Get Free Report) Director Donal Mulligan purchased 8,000 shares of Tennant stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of $67.34 per share, with a total value of $538,720.00. Following the transaction, the director owned 16,000 shares in the company, valued at approximately $1,077,440. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Tennant Stock Down 1.9%

3 Dividend Kings Poised to Outperform the Market

Shares of TNC opened at $67.92 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 2.04. Tennant Company has a one year low of $60.17 and a one year high of $91.93. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 66.58, a PEG ratio of 2.57 and a beta of 1.13. The stock has a 50 day moving average price of $85.00 and a 200 day moving average price of $79.21.

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

Tennant announced that its Board of Directors has approved a share buyback plan on Monday, May 4th that permits the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 11.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Tennant Dividend Announcement

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

Analyst Upgrades and Downgrades

TNC has been the subject of several research reports. Wall Street Zen downgraded Tennant from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research downgraded shares of Tennant from a "strong-buy" rating to a "strong sell" rating in a research note on Monday. Finally, Weiss Ratings cut Tennant from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday. One research 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $91.00.

View Our Latest Stock Report on TNC

Institutional Investors Weigh In On Tennant

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Tennant in the second quarter valued at $236,255,000. Gamco Investors INC. ET AL grew its stake in Tennant by 40.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 706,400 shares of the industrial products company's stock valued at $46,905,000 after acquiring an additional 203,802 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Tennant by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 634,158 shares of the industrial products company's stock valued at $42,106,000 after acquiring an additional 49,136 shares during the last quarter. Millennium Management LLC increased its holdings in Tennant by 33.8% during 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 in the last quarter. Finally, Vision One Management Partners LP raised its position in Tennant by 18.1% during the fourth quarter. Vision One Management Partners LP now owns 344,585 shares of the industrial products company's stock worth $25,396,000 after acquiring an additional 52,721 shares during the last quarter. Institutional investors and hedge funds own 93.33% of the company's stock.

About Tennant

(Get Free Report)

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.

TNC