Tennant (TNC) Stock Price, News & Analysis

Company Overview

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. The company’s history of innovation includes the introduction of the world’s first self-propelled carpet cleaner in the early 20th century and the launch of battery-powered and computerized cleaning machines in later decades. Tennant continues to invest in research and development to improve machine performance, reduce environmental impact and enhance user safety.

In addition to its equipment offerings, Tennant provides cleaning solutions that include specialty cleaning chemistries, technical support and preventive maintenance programs. Through its global network of sales and service professionals, the company delivers training, spare parts and on-site repair services to maximize equipment uptime and extend machine life. Tennant’s emphasis on customer service and sustainability initiatives—such as water- and energy-efficient machines—supports facility operators in meeting operational goals while minimizing environmental footprint.

Key Stats

• Today's Range: $79.75 to $81.79
• 50-Day Range: $79.51 to $85.36
• 52-Week Range: $67.32 to $98.52
• Volume: 86,255 shs
• Average Volume: 149,567 shs
• Market Capitalization: $1.50 billion
• P/E Ratio: 25.23
• Dividend Yield: 1.46%
• Price Target: $125.00
• Consensus Rating: Moderate Buy

Tennant Stock Analysis - MarketRank™

Tennant scored higher than 98% of companies evaluated by MarketBeat, and ranked 10th out of 179 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Tennant has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Upside Potential

Tennant has a consensus price target of $125.00, representing about 54.3% upside from its current price of $80.99.

Amount of Analyst Coverage

Tennant has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 21.73%

Earnings Growth

Earnings for Tennant are expected to grow by 21.73% in the coming year, from $5.89 to $7.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tennant is 25.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 279.68.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tennant is 25.23, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 313.27.

Price to Earnings Growth Ratio

Tennant has a PEG Ratio of 1.79. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Tennant has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.57% of the float of Tennant has been sold short.

Short Interest Ratio / Days to Cover

Tennant has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tennant has recently increased by 6.80%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Tennant pays a meaningful dividend of 1.43%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Tennant has been increasing its dividend for 53 years.

Dividend Coverage

The dividend payout ratio of Tennant is 36.76%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Tennant will have a dividend payout ratio of 16.46% next year. This indicates that Tennant will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -1.76

Percentage of Shares Shorted

2.57% of the float of Tennant has been sold short.

Short Interest Ratio / Days to Cover

Tennant has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tennant has recently increased by 6.80%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.16

News Sentiment

Tennant has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Tennant this week, compared to 7 articles on an average week.

Search Interest

2 people have searched for TNC on MarketBeat in the last 30 days.

MarketBeat Follows

Only 2 people have added Tennant to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tennant insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.60% of the stock of Tennant is held by insiders.

Percentage Held by Institutions

93.33% of the stock of Tennant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TNC Stock Analysis - Frequently Asked Questions

How have TNC shares performed this year?

Tennant's stock was trading at $81.53 at the beginning of the year. Since then, TNC shares have decreased by 0.7% and is now trading at $80.9920.

How were Tennant's earnings last quarter?

Tennant Company (NYSE:TNC) released its quarterly earnings results on Wednesday, August, 6th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by $0.14. Tennant's revenue for the quarter was down 3.7% on a year-over-year basis.
Read the conference call transcript.

How will Tennant's stock buyback program work?

Tennant's Board of Directors approved a stock repurchase plan on Thursday, February 13th 2025, which permits the company to repurchase 2,000,000 outstanding shares, according to EventVestor. This permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Who are Tennant's major shareholders?

Top institutional investors of Tennant include Brown Advisory Inc. (2.88%), P2 Capital Partners LLC (2.73%), Gamco Investors INC. ET AL (2.70%) and Geode Capital Management LLC (2.38%). Insiders that own company stock include David W Huml, Richard H Zay, Carol S Eicher, Steven Alan Sonnenberg, Carol E Mcknight, Donal L Mulligan, Azita Arvani, Barb Balinski and Kristin A Erickson.
View institutional ownership trends.

How do I buy shares of Tennant?

Shares of TNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Tennant own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tennant investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), ServiceNow (NOW) and GE Aerospace (GE).

Company Calendar

• Record date for 6/16 Dividend: 5/30/2025
• Ex-Dividend for 6/16 Dividend: 5/30/2025
• Dividend Payable: 6/16/2025
• Last Earnings: 8/06/2025
• Record date for 9/15 Dividend: 8/29/2025
• Ex-Dividend for 9/15 Dividend: 8/29/2025
• Today: 9/10/2025
• Dividend Payable: 9/15/2025
• Next Earnings (Estimated): 10/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrials
• Industry: MACH - GENL INDL
• Sub-Industry: Industrial Machinery
• Current Symbol: NYSE:TNC
• CIK: 97134
• Web: www.tennantco.com
• Phone: (763) 540-1200
• Fax: 763-513-2142
• Employees: 4,632
• Year Founded: 1870

Price Target and Rating

• Average Price Target for Tennant: $125.00
• High Price Target: $125.00
• Low Price Target: $125.00
• Potential Upside/Downside: +53.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.21
• Trailing P/E Ratio: 25.31
• Forward P/E Ratio: 13.79
• P/E Growth: 1.79
• Net Income: $83.70 million
• Net Margins: 4.84%
• Pretax Margin: 6.17%
• Return on Equity: 16.41%
• Return on Assets: 8.67%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 2.09
• Quick Ratio: 1.38

Sales & Book Value

• Annual Sales: $1.29 billion
• Price / Sales: 1.17
• Cash Flow: $9.45 per share
• Price / Cash Flow: 8.60
• Book Value: $32.96 per share
• Price / Book: 2.46

Miscellaneous

• Outstanding Shares: 18,470,000
• Free Float: 17,989,000
• Market Cap: $1.50 billion
• Optionable: Optionable
• Beta: 1.09