Price T Rowe Associates Inc. MD Has $70.87 Million Holdings in Tenaris S.A. (NYSE:TS)

Price T Rowe Associates Inc. MD reduced its position in Tenaris S.A. (NYSE:TS - Free Report) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,875,331 shares of the industrial products company's stock after selling 107,098 shares during the period. Price T Rowe Associates Inc. MD owned about 0.32% of Tenaris worth $70,871,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Yaupon Capital Management LP bought a new position in Tenaris in the 4th quarter valued at about $12,594,000. Hsbc Holdings PLC bought a new stake in Tenaris in the 4th quarter valued at $8,423,000. Dimensional Fund Advisors LP boosted its stake in Tenaris by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 419,081 shares of the industrial products company's stock valued at $15,837,000 after purchasing an additional 15,790 shares during the period. First Trust Advisors LP bought a new position in Tenaris during the 4th quarter worth $577,000. Finally, Freedom Investment Management Inc. acquired a new stake in shares of Tenaris during the fourth quarter worth $596,000. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Bank of America lowered shares of Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Kepler Capital Markets downgraded Tenaris from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. Stifel Nicolaus dropped their price objective on Tenaris from $43.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. StockNews.com downgraded Tenaris from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Finally, Barclays raised their price target on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Tenaris currently has an average rating of "Moderate Buy" and a consensus target price of $47.00.

Tenaris Stock Down 1.6 %

Shares of TS traded down $0.54 during midday trading on Thursday, hitting $32.75. The company's stock had a trading volume of 3,557,494 shares, compared to its average volume of 1,758,856. Tenaris S.A. has a one year low of $27.24 and a one year high of $40.87. The stock has a market capitalization of $19.04 billion, a price-to-earnings ratio of 9.07 and a beta of 1.21. The company's fifty day simple moving average is $35.85 and its two-hundred day simple moving average is $36.65.

Tenaris (NYSE:TS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.80 by $0.14. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The business's quarterly revenue was down 15.1% on a year-over-year basis. On average, research analysts predict that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be given a $0.56 dividend. The ex-dividend date is Tuesday, May 20th. This is a positive change from Tenaris's previous semi-annual dividend of $0.54. Tenaris's dividend payout ratio (DPR) is currently 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.