Zeke Capital Advisors LLC grew its position in shares of Praxair, Inc. (NYSE:PX) by 81.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,875 shares of the basic materials company’s stock after acquiring an additional 3,979 shares during the period. Zeke Capital Advisors LLC’s holdings in Praxair were worth $1,373,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in Praxair in the 4th quarter worth $128,000. Accident Compensation Corp purchased a new position in shares of Praxair during the third quarter valued at about $140,000. San Francisco Sentry Investment Group CA grew its position in 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 acquiring an additional 977 shares in the last quarter. M&R Capital Management Inc. grew its position in 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 acquiring an additional 733 shares in the last quarter. Finally, Aevitas Wealth Management Inc. purchased a new position in Praxair in the fourth quarter worth about $162,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.
Praxair, Inc. (PX) traded down $0.62 during midday trading on Friday, hitting $145.47. 367,534 shares of the company were exchanged, compared to its average volume of 1,936,103. Praxair, Inc. has a 1 year low of $115.67 and a 1 year 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 cap of $43,561.50, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06.
Praxair (NYSE:PX) last issued its earnings results on Thursday, January 25th. The basic materials company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.04. Praxair had a net margin of 10.90% and a return on equity of 26.54%. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.85 billion. equities analysts expect that Praxair, Inc. will post 6.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a yield of 2.27%. This is a boost from Praxair’s previous quarterly dividend of $0.79. Praxair’s payout ratio is presently 76.39%.
Several brokerages have issued reports on PX. TheStreet downgraded shares of Praxair from an “a-” rating to a “c+” rating in a research note on Thursday, January 25th. ValuEngine lowered shares of Praxair from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Seaport Global Securities reissued a “hold” rating and set a $165.00 price objective on shares of Praxair in a report on Wednesday, January 31st. Barclays boosted their target price on shares of Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Finally, Citigroup reiterated a “buy” rating and issued a $188.00 price objective on shares of Praxair in a research report on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $167.50.
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.
Receive News & Ratings for Praxair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair and related companies with MarketBeat.com's FREE daily email newsletter.