Tenaris S.A. $TS Position Boosted by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Tenaris S.A. (NYSE:TS) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,880 shares of the industrial products company’s stock after purchasing an additional 17,013 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Tenaris were worth $9,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TS. Rhumbline Advisers lifted its stake in Tenaris by 4.2% during the second quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 338 shares during the last quarter. JPMorgan Chase & Co. grew its position in Tenaris by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 17,229 shares of the industrial products company’s stock worth $616,000 after buying an additional 352 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Tenaris by 3.5% in the third quarter. TD Waterhouse Canada Inc. now owns 12,746 shares of the industrial products company’s stock worth $471,000 after buying an additional 434 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Tenaris by 3.6% in the second quarter. Profund Advisors LLC now owns 12,687 shares of the industrial products company’s stock valued at $474,000 after buying an additional 437 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Tenaris by 57.7% in the third quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock valued at $56,000 after buying an additional 571 shares in the last quarter. 10.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Tenaris from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a research report on Monday, December 29th. Barclays reaffirmed an “overweight” rating and set a $56.00 target price on shares of Tenaris in a report on Monday, February 23rd. Morgan Stanley lifted their price target on Tenaris from $38.00 to $40.00 and gave the stock an “underweight” rating in a research note on Monday, February 23rd. Finally, Stifel Nicolaus boosted their price objective on Tenaris from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tenaris presently has an average rating of “Hold” and a consensus target price of $50.45.

Tenaris Stock Performance

NYSE TS opened at $53.34 on Tuesday. Tenaris S.A. has a twelve month low of $30.06 and a twelve month high of $55.02. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.87 and a beta of 0.87. The firm’s 50 day moving average price is $46.34 and its two-hundred day moving average price is $40.71.

Tenaris (NYSE:TS) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.95 billion. Tenaris had a net margin of 16.13% and a return on equity of 11.32%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. On average, research analysts forecast that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Tenaris Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 19th will be given a dividend of $1.20 per share. This represents a yield of 450.0%. The ex-dividend date of this dividend is Tuesday, May 19th. Tenaris’s payout ratio is presently 31.78%.

Tenaris Profile

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.