Davidson Investment Advisors boosted its holdings in shares of Praxair, Inc. (NYSE:PX) by 44.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,287 shares of the basic materials company’s stock after acquiring an additional 17,320 shares during the quarter. Davidson Investment Advisors’ holdings in Praxair were worth $7,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kistler Tiffany Companies LLC lifted its holdings in shares of Praxair by 149.8% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after buying an additional 430 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Praxair by 19.1% in the 2nd quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after buying an additional 123 shares during the period. BB&T Investment Services Inc. purchased a new stake in shares of Praxair in the 2nd quarter worth $106,000. Tortoise Investment Management LLC lifted its holdings in shares of Praxair by 3.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after buying an additional 31 shares during the period. Finally, Pacific Center for Financial Services lifted its holdings in shares of Praxair by 65.7% in the 2nd quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock worth $119,000 after buying an additional 356 shares during the period. Institutional investors own 84.82% of the company’s stock.

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In other news, Director Raymond W. Leboeuf sold 6,550 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total value of $768,053.00. Following the completion of the transaction, the director now directly owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.23% of the company’s stock.

Several brokerages have weighed in on PX. J P Morgan Chase & Co upped their target price on Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Argus upgraded Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a report on Monday, November 13th. Susquehanna Bancshares Inc upped their target price on Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a report on Monday, November 6th. Finally, Citigroup Inc. upgraded Praxair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $137.00 to $168.00 in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Praxair presently has an average rating of “Hold” and a consensus price target of $151.36.

Praxair, Inc. (PX) traded up $0.37 on Thursday, hitting $151.72. The stock had a trading volume of 2,340,900 shares, compared to its average volume of 1,318,070. The company has a market cap of $43,540.00, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.22. Praxair, Inc. has a 52-week low of $115.00 and a 52-week high of $152.49.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be given a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s payout ratio is 56.05%.

Praxair 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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