Mercer Global Advisors Inc. ADV Buys Shares of 7,440 Tenaris S.A. (NYSE:TS)

Mercer Global Advisors Inc. ADV purchased a new stake in Tenaris S.A. (NYSE:TS – Get Rating) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 7,440 shares of the industrial products company’s stock, valued at approximately $262,000.

A number of other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in Tenaris during the 4th quarter worth $28,000. Captrust Financial Advisors lifted its holdings in shares of Tenaris by 155.8% in the second quarter. Captrust Financial Advisors now owns 1,110 shares of the industrial products company’s stock valued at $29,000 after buying an additional 676 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Tenaris in the fourth quarter valued at $38,000. IFP Advisors Inc lifted its holdings in shares of Tenaris by 345.2% in the third quarter. IFP Advisors Inc now owns 926 shares of the industrial products company’s stock valued at $45,000 after buying an additional 718 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of Tenaris in the third quarter valued at $45,000. 12.15% of the stock is currently owned by institutional investors.

Tenaris Stock Down 2.4 %

Shares of NYSE:TS opened at $25.72 on Friday. The business has a 50 day moving average price of $28.03 and a 200 day moving average price of $31.82. Tenaris S.A. has a twelve month low of $22.24 and a twelve month high of $38.00. The company has a market cap of $15.18 billion, a price-to-earnings ratio of 4.77, a PEG ratio of 2.08 and a beta of 1.44.

Tenaris Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 24th. Shareholders of record on Tuesday, May 23rd were given a $0.68 dividend. The ex-dividend date was Monday, May 22nd. This is an increase from Tenaris’s previous semi-annual dividend of $0.56. Tenaris’s dividend payout ratio (DPR) is currently 12.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TS shares. Cowen upped their target price on Tenaris from $45.00 to $49.00 in a report on Friday, February 17th. Piper Sandler reduced their target price on Tenaris from $49.00 to $44.00 in a report on Monday, May 1st. Morgan Stanley reduced their target price on Tenaris from $44.00 to $40.00 in a report on Tuesday, April 18th. Finally, StockNews.com downgraded Tenaris from a “strong-buy” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tenaris currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

About Tenaris

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Tenaris SA manufactures and supplies steel pipe products. It operates through the Tubes and Other segments. The Tubes segment consists of the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products.