Capital Wealth Planning LLC Purchases 23,322 Shares of Tenaris S.A. (NYSE:TS)

Capital Wealth Planning LLC raised its stake in shares of Tenaris S.A. (NYSE:TS - Free Report) by 73.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,290 shares of the industrial products company's stock after buying an additional 23,322 shares during the quarter. Capital Wealth Planning LLC's holdings in Tenaris were worth $1,922,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ballentine Partners LLC lifted its holdings in Tenaris by 8.0% during the fourth quarter. Ballentine Partners LLC now owns 8,089 shares of the industrial products company's stock worth $281,000 after acquiring an additional 600 shares in the last quarter. Signaturefd LLC grew its position in shares of Tenaris by 5.2% in the 4th quarter. Signaturefd LLC now owns 15,695 shares of the industrial products company's stock valued at $546,000 after purchasing an additional 782 shares during the period. Beck Bode LLC increased its stake in Tenaris by 2.3% during the 4th quarter. Beck Bode LLC now owns 35,112 shares of the industrial products company's stock worth $1,220,000 after purchasing an additional 782 shares in the last quarter. Raymond James & Associates raised its holdings in Tenaris by 0.6% during the 4th quarter. Raymond James & Associates now owns 142,121 shares of the industrial products company's stock worth $4,940,000 after buying an additional 911 shares during the period. Finally, Jump Financial LLC lifted its stake in Tenaris by 0.6% in the third quarter. Jump Financial LLC now owns 176,000 shares of the industrial products company's stock valued at $5,562,000 after buying an additional 1,053 shares in the last quarter. 10.45% of the stock is owned by institutional investors.

Tenaris Stock Performance

Tenaris stock traded down $0.21 during mid-day trading on Thursday, reaching $35.13. The company's stock had a trading volume of 1,547,240 shares, compared to its average volume of 2,027,478. The business's 50 day simple moving average is $37.51 and its 200 day simple moving average is $34.99. Tenaris S.A. has a 12 month low of $24.69 and a 12 month high of $40.72. The company has a market capitalization of $20.42 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 2.67 and a beta of 1.51.

Tenaris (NYSE:TS - Get Free Report) last released its earnings results on Wednesday, February 21st. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.89. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.08 billion. Tenaris had a return on equity of 21.11% and a net margin of 24.89%. As a group, sell-side analysts expect that Tenaris S.A. will post 3.89 EPS for the current year.

Tenaris Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Investors of record on Tuesday, May 21st will be paid a $0.80 dividend. The ex-dividend date is Monday, May 20th. This is a boost from Tenaris's previous Semi-Annual dividend of $0.68. Tenaris's dividend payout ratio (DPR) is currently 13.33%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TS. Morgan Stanley downgraded shares of Tenaris from an "overweight" rating to an "underweight" rating and set a $40.00 price objective for the company. in a research report on Thursday, April 18th. Piper Sandler lowered their target price on Tenaris from $49.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $41.60.

Tenaris 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.