TENNANT CO
In the published model solve dated 2026-Q2, anchored at $69.58, TENNANT CO (TNC) is priced for +1.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Tennant's FY2025 10-K states the company ⟦"believes it is a leading global manufacturer of floor maintenance and cleaning equipment"⟧, and its robotics line is the growth story: autonomous scrubber sales grew 85% year over year to $27 million in Q1 2026, against a target of $250 million by 2028 [Source: Q1 2026 earnings call, Seeking Alpha]. • The risk is that the price already assumes the recovery: at 49x trailing earnings depressed by a disruptive ERP rollout that cut first-quarter net sales
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209 institutional managers reported holding TNC in 13F filings for the quarter ended 2026-03-31. 22 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 993k shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (7.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TNC has cut its share count 5.3% over the past five years, spending $209.80M on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting), raised 5 years straight; the current rate is $1.20 a share annually. Cash returned over the past three years: $59.10M in dividends and $179.80M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TNC over the trailing three years: 2026: 6 buys totaling $1.26M. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TNC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +3.0% | -9.0% |
| 2023-11-01 | +5.3% | +11.5% |
| 2024-02-23 | +4.3% | +8.9% |
| 2024-05-04 | -7.5% | -8.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TNC's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-07-30 (items 5.02, 9.01); 2026-06-17 (items 5.02, 9.01); 2026-05-04 (items 2.02, 9.01); 2026-05-01 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.