MainStreet Investment Advisors LLC bought a new position in shares of Praxair, Inc. (NYSE:PX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,700 shares of the basic materials company’s stock, valued at approximately $263,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of PX. Cerebellum GP LLC bought a new position in shares of Praxair in the fourth quarter worth $128,000. Accident Compensation Corp bought a new position in shares of Praxair in the third quarter worth $140,000. San Francisco Sentry Investment Group CA increased its position in shares of Praxair by 2,171.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock worth $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% in the fourth quarter. M&R Capital Management Inc. now owns 933 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 733 shares during the period. Finally, Aevitas Wealth Management Inc. bought a new position in shares of Praxair in the fourth quarter worth $162,000. 86.20% of the stock is owned by institutional investors.
A number of research analysts recently commented on the company. ValuEngine cut Praxair from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Seaport Global Securities restated a “hold” rating and issued a $165.00 price target on shares of Praxair in a research report on Wednesday, January 31st. TheStreet cut Praxair from an “a-” rating to a “c+” rating in a research report on Thursday, January 25th. SunTrust Banks raised their price target on Praxair to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Barclays raised their price target on Praxair from $160.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Praxair presently has a consensus rating of “Buy” and an average price target of $167.50.
Praxair, Inc. (PX) opened at $154.32 on Friday. Praxair, Inc. has a 12-month low of $115.67 and a 12-month high of $166.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.99 and a quick ratio of 0.81. The stock has a market capitalization of $44,310.98, a PE ratio of 26.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06.
Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The company had revenue of $2.95 billion for 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%. equities research analysts forecast that Praxair, Inc. will post 6.64 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th were issued a dividend of $0.825 per share. 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 2.14%. The ex-dividend date was Tuesday, March 6th. Praxair’s payout ratio is 76.39%.
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Praxair Company 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.
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