83,109 Shares in Tenaris S.A. (NYSE:TS) Acquired by Invesco Ltd.

Invesco Ltd. purchased a new position in shares of Tenaris S.A. (NYSE:TS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 83,109 shares of the industrial products company's stock, valued at approximately $3,141,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TS. Barclays PLC raised its holdings in shares of Tenaris by 30,000.0% during the third quarter. Barclays PLC now owns 6,020 shares of the industrial products company's stock valued at $192,000 after acquiring an additional 6,000 shares during the last quarter. World Investment Advisors LLC acquired a new position in Tenaris in the 3rd quarter valued at $2,200,000. Wilmington Savings Fund Society FSB purchased a new position in Tenaris in the 3rd quarter valued at $67,000. Versant Capital Management Inc purchased a new position in shares of Tenaris in the fourth quarter worth about $28,000. Finally, GAMMA Investing LLC boosted its position in Tenaris by 140.2% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock worth $35,000 after acquiring an additional 548 shares during the last quarter. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TS. Kepler Capital Markets cut Tenaris from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Bank of America downgraded Tenaris from a "neutral" rating to an "underperform" rating in a research note on Wednesday, January 29th. StockNews.com cut shares of Tenaris from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Piper Sandler boosted their target price on shares of Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Finally, Stifel Nicolaus reduced their price target on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $47.00.

Tenaris Stock Performance

Shares of NYSE TS traded up $0.01 during trading on Tuesday, reaching $33.76. The stock had a trading volume of 2,009,629 shares, compared to its average volume of 1,754,258. The company has a market cap of $19.63 billion, a P/E ratio of 9.35 and a beta of 1.21. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.87. The business's 50-day moving average price is $36.04 and its 200-day moving average price is $36.69.

Tenaris (NYSE:TS - Get Free Report) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.31. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. Analysts forecast that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Tenaris Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be paid 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 payout ratio is presently 31.02%.

Tenaris Company Profile

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.