Zeke Capital Advisors LLC raised its position in shares of Praxair, Inc. (NYSE:PX) by 81.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,875 shares of the basic materials company’s stock after purchasing an additional 3,979 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Praxair were worth $1,373,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in PX. Cerebellum GP LLC acquired a new position in Praxair during the 4th quarter worth $128,000. M&R Capital Management Inc. grew its position in shares of Praxair by 366.5% in the 4th quarter. M&R Capital Management Inc. now owns 933 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 733 shares during the period. Accident Compensation Corp bought a new position in shares of Praxair in the 3rd quarter valued at about $140,000. San Francisco Sentry Investment Group CA grew its position in shares of Praxair by 2,171.1% in 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 acquiring an additional 977 shares during the period. Finally, Aevitas Wealth Management Inc. bought a new position in shares of Praxair in the 4th quarter valued at about $162,000. 86.20% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on the stock. ValuEngine downgraded shares of Praxair from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Seaport Global Securities reaffirmed a “hold” rating and set a $165.00 target price on shares of Praxair in a report on Wednesday, January 31st. TheStreet downgraded shares of Praxair from an “a-” rating to a “c+” rating in a report on Thursday, January 25th. SunTrust Banks lifted their target price on shares of Praxair to $185.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Barclays lifted their price objective on shares of Praxair from $160.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Praxair presently has a consensus rating of “Buy” and an average target price of $167.50.
Shares of Praxair, Inc. (PX) traded down $0.82 during trading hours on Friday, hitting $154.85. 362,955 shares of the stock traded hands, compared to its average volume of 1,984,977. The firm has a market cap of $45,235.50, a PE ratio of 36.03, a PEG ratio of 2.05 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 1.20. Praxair, Inc. has a one year low of $115.67 and a one year high of $166.95.
Praxair (NYSE:PX) last issued its earnings results on Thursday, January 25th. The basic materials company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.48 by $0.04. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Praxair had a net margin of 10.90% and a return on equity of 26.54%. sell-side analysts forecast that Praxair, Inc. will post 6.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th were given a $0.825 dividend. The ex-dividend date was Tuesday, March 6th. This is a boost from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 annualized dividend and a dividend yield of 2.13%. Praxair’s payout ratio is presently 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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