Praxair, Inc. (PX) Stake Raised by Raymond James & Associates

Raymond James & Associates grew its stake in shares of Praxair, Inc. (NYSE:PX) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 747,224 shares of the basic materials company’s stock after buying an additional 36,925 shares during the period. Raymond James & Associates’ holdings in Praxair were worth $115,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in PX. Clearbridge Investments LLC raised its position in shares of Praxair by 40,275.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,227,898 shares of the basic materials company’s stock valued at $344,611,000 after buying an additional 2,222,380 shares during the last quarter. Egerton Capital UK LLP grew its holdings in shares of Praxair by 24.5% in the fourth quarter. Egerton Capital UK LLP now owns 4,213,976 shares of the basic materials company’s stock valued at $651,818,000 after purchasing an additional 829,003 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Praxair by 593.7% in the fourth quarter. Schroder Investment Management Group now owns 743,441 shares of the basic materials company’s stock valued at $114,995,000 after purchasing an additional 636,277 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Praxair by 591.4% in the fourth quarter. State of Tennessee Treasury Department now owns 537,762 shares of the basic materials company’s stock valued at $83,182,000 after purchasing an additional 459,978 shares in the last quarter. Finally, Governors Lane LP purchased a new position in shares of Praxair in the fourth quarter valued at $70,318,000. Hedge funds and other institutional investors own 86.20% of the company’s stock.

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Praxair, Inc. (NYSE:PX) opened at $162.40 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. The company has a market cap of $45,967.70, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. Praxair, Inc. has a one year low of $115.67 and a one year high of $166.95.

Praxair (NYSE:PX) last posted its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.48 by $0.04. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.85 billion. Praxair had a net margin of 10.90% and a return on equity of 26.54%. equities analysts anticipate that Praxair, Inc. will post 6.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.03%. This is a positive change from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Tuesday, March 6th. Praxair’s payout ratio is presently 76.39%.

A number of research analysts recently weighed in on PX shares. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a report on Thursday, January 11th. Seaport Global Securities reissued a “hold” rating and issued a $165.00 target price on shares of Praxair in a report on Wednesday, January 31st. ValuEngine lowered shares of Praxair from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. JPMorgan Chase & Co. raised their target price on shares of Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, November 17th. Finally, UBS Group lowered shares of Praxair from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, January 23rd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $167.50.

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About Praxair

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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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