11,475 Shares in Tenaris S.A. (NYSE:TS) Bought by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC acquired a new stake in Tenaris S.A. (NYSE:TS) during the third quarter, according to its most recent filing with the SEC. The firm acquired 11,475 shares of the industrial products company’s stock, valued at approximately $365,000.

Several other institutional investors also recently bought and sold shares of TS. Allspring Global Investments Holdings LLC lifted its holdings in shares of Tenaris by 36.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,420 shares of the industrial products company’s stock valued at $45,000 after buying an additional 377 shares during the period. Evergreen Capital Management LLC lifted its holdings in Tenaris by 3.7% in the second quarter. Evergreen Capital Management LLC now owns 19,932 shares of the industrial products company’s stock valued at $608,000 after acquiring an additional 710 shares during the period. Signaturefd LLC grew its stake in shares of Tenaris by 4.7% during the 2nd quarter. Signaturefd LLC now owns 16,338 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 732 shares during the period. Covestor Ltd purchased a new position in shares of Tenaris in the 3rd quarter valued at about $40,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Tenaris by 9.3% in the second quarter. Commonwealth Equity Services LLC now owns 14,918 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 1,271 shares during the period. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Trading Up 1.1 %

Shares of TS opened at $37.42 on Friday. Tenaris S.A. has a 12-month low of $27.24 and a 12-month high of $40.72. The stock has a market cap of $21.76 billion, a P/E ratio of 8.15 and a beta of 1.43. The company has a 50-day moving average of $33.02 and a two-hundred day moving average of $31.62.

Tenaris Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 19th were paid a $0.54 dividend. This represents a yield of 3.6%. The ex-dividend date was Tuesday, November 19th. Tenaris’s payout ratio is currently 23.53%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TS shares. Stifel Nicolaus lowered their target price on shares of Tenaris from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. StockNews.com downgraded Tenaris from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Tenaris has a consensus rating of “Hold” and an average target price of $38.67.

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.