Praxair, Inc. (PX) Position Boosted by Davidson Investment Advisors
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.
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, 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.
Want to see what other hedge funds are holding PX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Praxair, Inc. (NYSE:PX).
Receive News & Stock Ratings for Praxair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair Inc. and related stocks with our FREE daily email newsletter.