Charles Schwab Investment Management Inc. Buys 7,533 Shares of Tenaris S.A. (NYSE:TS)

Charles Schwab Investment Management Inc. increased its holdings in shares of Tenaris S.A. (NYSE:TS) by 48.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,132 shares of the industrial products company’s stock after buying an additional 7,533 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Tenaris were worth $735,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in Tenaris during the second quarter worth $32,000. Covestor Ltd bought a new position in shares of Tenaris during the 3rd quarter worth approximately $40,000. Blue Trust Inc. grew its position in shares of Tenaris by 79.0% during the 2nd quarter. Blue Trust Inc. now owns 3,588 shares of the industrial products company’s stock worth $110,000 after buying an additional 1,583 shares during the period. West Family Investments Inc. bought a new stake in shares of Tenaris in the 3rd quarter valued at $200,000. Finally, Greenleaf Trust bought a new stake in shares of Tenaris in the 3rd quarter valued at $304,000. Institutional investors own 10.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TS. Jefferies Financial Group raised shares of Tenaris from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $47.00 in a research note on Monday, December 9th. StockNews.com raised Tenaris from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, Stifel Nicolaus lowered their target price on Tenaris from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.75.

Tenaris Price Performance

NYSE TS opened at $36.97 on Thursday. The company has a fifty day moving average price of $35.66 and a 200-day moving average price of $32.13. Tenaris S.A. has a 1 year low of $27.24 and a 1 year high of $40.72. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 8.05 and a beta of 1.46.

Tenaris Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 19th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a yield of 3.6%. Tenaris’s dividend payout ratio (DPR) is currently 23.53%.

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.