Columbia Partners L L C Investment Management decreased its position in shares of Praxair, Inc. (NYSE:PX) by 16.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,654 shares of the basic materials company’s stock after selling 4,907 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Praxair were worth $3,584,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in PX. Parallel Advisors LLC lifted its holdings in Praxair by 19.1% in the second quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 123 shares during the period. Kistler Tiffany Companies LLC lifted its holdings in Praxair by 149.8% in the third quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 430 shares during the period. BB&T Investment Services Inc. acquired a new stake in Praxair in the second quarter worth about $106,000. Exane Derivatives acquired a new stake in Praxair in the second quarter worth about $109,000. Finally, Tortoise Investment Management LLC lifted its holdings in Praxair by 3.9% in the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 31 shares during the period. 85.53% of the stock is owned by institutional investors.

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PX has been the subject of several research analyst reports. Susquehanna Bancshares Inc raised shares of Praxair from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $131.00 to $155.00 in a report on Thursday, September 7th. Zacks Investment Research downgraded shares of Praxair from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. UBS AG raised shares of Praxair from a “neutral” rating to a “positive” rating in a report on Thursday, September 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Praxair in a report on Thursday, October 19th. Finally, Barclays PLC upped their price objective on shares of Praxair from $140.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $151.36.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total value of $768,053.00. Following the transaction, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

Praxair, Inc. (PX) traded up $2.87 during midday trading on Friday, reaching $149.04. The company’s stock had a trading volume of 1,779,800 shares, compared to its average volume of 1,301,740. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.22. The firm has a market cap of $43,180.00, a P/E ratio of 25.47, a PEG ratio of 2.18 and a beta of 0.99. Praxair, Inc. has a 12-month low of $115.00 and a 12-month high of $150.25.

Praxair (NYSE:PX) last issued its earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. research analysts forecast that Praxair, Inc. will post 5.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be issued a $0.7875 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.11%. Praxair’s dividend payout ratio is 56.05%.

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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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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