Tenaris S.A. $TS Shares Bought by Grantham Mayo Van Otterloo & Co. LLC

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

A number of other institutional investors and hedge funds have also made changes to their positions in TS. Rhumbline Advisers boosted its position in Tenaris by 4.2% during the 2nd 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 period. JPMorgan Chase & Co. increased 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 period. TD Waterhouse Canada Inc. lifted its stake 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 valued at $471,000 after buying an additional 434 shares during the last quarter. Profund Advisors LLC lifted its stake in 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 during the last quarter. Finally, CWM LLC boosted its holdings in shares of Tenaris by 57.7% during the third quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 571 shares during the period. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Tenaris Price Performance

TS opened at $53.34 on Tuesday. The business has a 50 day moving average price of $46.34 and a two-hundred day moving average price of $40.71. The company has a market capitalization of $31.01 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.87 and a beta of 0.87. Tenaris S.A. has a 1-year low of $30.06 and a 1-year high of $55.02.

Tenaris (NYSE:TS) last issued its quarterly 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. Tenaris had a return on equity of 11.32% and a net margin of 16.13%.The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts expect that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Tenaris Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 19th will be issued 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TS shares. Wall Street Zen upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays reissued an “overweight” rating and set a $56.00 target price on shares of Tenaris in a research note on Monday, February 23rd. Stifel Nicolaus increased 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a report on Monday, December 29th. Finally, Oddo Bhf raised shares of Tenaris to an “outperform” rating in a research note on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.45.

About Tenaris

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.