SCHEDULE 13G/A: Mairs and Power, Inc. Discloses 7.57% Stake in Tennant Company Common Stock

Mairs and Power, Inc., an investment adviser, has filed an amended Schedule 13G disclosing a beneficial ownership of 7.57% of Tennant Company's common stock as of March 31, 2025.

Summary

• Mairs and Power, Inc. filed an Amendment No. 7 to Schedule 13G regarding its beneficial ownership in Tennant Company.
• The filing indicates that Mairs and Power, Inc. beneficially owns an aggregate of 1,423,520 shares of Tennant Company's Common Stock.
• This ownership represents 7.57% of the class of securities.
• Mairs and Power, Inc. holds sole voting power over 1,421,010 shares and sole dispositive power over 1,423,520 shares.
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment about the company's performance or future prospects. It simply reports an investment firm's stake.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a standard disclosure of a significant ownership stake by an investment adviser in a publicly traded company. It reflects an investment position rather than a strategic industry move or operational update.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by an investment adviser like Mairs and Power, Inc. may be viewed as a vote of confidence in Tennant Company by a professional investor, potentially influencing other investors' perceptions.

Key Dates

Keywords

Tennant Company, Mairs and Power Inc., Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Ownership Disclosure