Caxton Associates LP bought a new stake in Praxair, Inc. (NYSE:PX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,500 shares of the basic materials company’s stock, valued at approximately $3,144,000.

A number of other large investors have also bought and sold shares of PX. Vident Investment Advisory LLC acquired a new stake in shares of Praxair in the third quarter valued at $480,000. Claar Advisors LLC acquired a new stake in shares of Praxair in the third quarter valued at $17,468,000. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Praxair by 1.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 60,250 shares of the basic materials company’s stock valued at $8,419,000 after buying an additional 1,015 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its stake in shares of Praxair by 1.0% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 256,321 shares of the basic materials company’s stock valued at $35,818,000 after buying an additional 2,489 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Praxair by 3.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 31,514 shares of the basic materials company’s stock valued at $4,404,000 after buying an additional 942 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on Praxair from $140.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Praxair in a research note on Friday, October 27th. J P Morgan Chase & Co lifted their price objective on Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. Susquehanna Bancshares lifted their price objective on Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Finally, Argus raised Praxair from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research note on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $154.31.

In related 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 transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.23% of the company’s stock.

Praxair, Inc. (NYSE PX) opened at $151.41 on Friday. Praxair, Inc. has a one year low of $115.00 and a one year high of $156.40. The company has a market capitalization of $43,349.44, a price-to-earnings ratio of 26.38, a P/E/G ratio of 2.26 and a beta of 1.00. 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 (NYSE:PX) last released its 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. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the firm posted $1.41 EPS. Praxair’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts anticipate that Praxair, Inc. will post 5.81 earnings per share for the current fiscal year.

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

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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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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