Robecosam AG cut its position in shares of Praxair, Inc. (NYSE:PX) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 58,800 shares of the basic materials company’s stock after selling 2,443 shares during the quarter. Robecosam AG’s holdings in Praxair were worth $9,131,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of PX. Cerebellum GP LLC acquired a new position in shares of Praxair during the 4th quarter valued at $128,000. Accident Compensation Corp acquired a new position in shares of Praxair during the 3rd quarter valued at $140,000. San Francisco Sentry Investment Group CA increased its position in shares of Praxair by 2,171.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock valued at $143,000 after purchasing an additional 977 shares during the period. M&R Capital Management Inc. increased its position in shares of Praxair by 366.5% during the 4th quarter. M&R Capital Management Inc. now owns 933 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 733 shares during the period. Finally, Aevitas Wealth Management Inc. acquired a new position in shares of Praxair during the 4th quarter valued at $162,000. Institutional investors own 86.20% of the company’s stock.
Several equities research analysts have recently weighed in on PX shares. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Wednesday, January 24th. Argus raised Praxair from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research note on Monday, November 13th. Deutsche Bank raised Praxair from a “hold” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $175.00 in a research note on Tuesday, December 19th. UBS Group raised their price objective on Praxair to $176.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Jefferies Group set a $186.00 price objective on Praxair and gave the stock a “buy” rating in a research note on Monday, December 11th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $167.50.
Praxair (NYSE:PX) last issued its earnings results on Thursday, January 25th. The basic materials company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Praxair had a return on equity of 26.54% and a net margin of 10.90%. research analysts expect that Praxair, Inc. will post 6.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, March 6th. This is a boost from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio (DPR) is 76.39%.
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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