Tenaris S.A. (NYSE:TS) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its holdings in Tenaris S.A. (NYSE:TS) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,120 shares of the industrial products company’s stock after acquiring an additional 1,061 shares during the period. US Bancorp DE’s holdings in Tenaris were worth $571,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new stake in shares of Tenaris during the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Tenaris in the third quarter valued at $33,000. GAMMA Investing LLC increased its holdings in Tenaris by 140.2% in the fourth quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock valued at $35,000 after buying an additional 548 shares during the last quarter. Covestor Ltd purchased a new position in Tenaris in the third quarter valued at $40,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Tenaris in the third quarter valued at $67,000. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TS. Barclays raised their price objective on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Kepler Capital Markets lowered Tenaris from a “buy” rating to a “hold” rating in a report on Friday, January 17th. StockNews.com lowered Tenaris from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Jefferies Financial Group raised Tenaris from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $47.00 in a report on Monday, December 9th. Finally, Stifel Nicolaus increased their target price on shares of Tenaris from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.00.

Tenaris Stock Up 2.9 %

TS opened at $36.76 on Wednesday. The firm has a market cap of $21.37 billion, a price-to-earnings ratio of 10.18 and a beta of 1.43. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.72. The company’s 50-day moving average price is $38.19 and its 200 day moving average price is $35.34.

Tenaris (NYSE:TS) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.63 by $0.31. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. Research analysts anticipate that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be issued a dividend of $0.56 per share. This is a boost from Tenaris’s previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris’s dividend payout ratio (DPR) is presently 31.02%.

About Tenaris

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.