Candriam Luxembourg S.C.A. Increases Holdings in Praxair, Inc. (PX)

Candriam Luxembourg S.C.A. raised its position in shares of Praxair, Inc. (NYSE:PX) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,270 shares of the basic materials company’s stock after buying an additional 786 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Praxair were worth $3,671,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital Management Corp VA grew its holdings in shares of Praxair by 0.6% during the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 11 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of Praxair by 0.5% during the second quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 13 shares during the last quarter. Security National Bank of SO Dak grew its holdings in shares of Praxair by 0.3% during the first quarter. Security National Bank of SO Dak now owns 11,157 shares of the basic materials company’s stock valued at $1,323,000 after purchasing an additional 28 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Praxair by 3.9% during the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock valued at $110,000 after purchasing an additional 31 shares during the last quarter. Finally, Elkhorn Investments LLC grew its holdings in shares of Praxair by 0.3% during the second quarter. Elkhorn Investments LLC now owns 9,265 shares of the basic materials company’s stock valued at $1,206,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Several equities analysts have recently commented on the company. Susquehanna Bancshares Inc upped their target price on Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Citigroup Inc. raised Praxair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $137.00 to $168.00 in a report on Monday, October 30th. Argus raised Praxair from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a report on Monday. Finally, UBS AG increased their price objective on Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Praxair currently has a consensus rating of “Hold” and an average target price of $150.21.

Praxair, Inc. (NYSE:PX) opened at $147.63 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. The stock has a market capitalization of $42,090.00, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Praxair, Inc. has a one year low of $115.00 and a one year high of $150.25.

Praxair (NYSE:PX) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. equities research analysts predict that Praxair, Inc. will post 5.81 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s payout ratio is currently 56.05%.

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In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the completion of the transaction, the director now directly owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.23% of the company’s stock.

Praxair Profile

Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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