Zions Bancorporation Sells 2,101 Shares of Praxair, Inc. (PX)
Zions Bancorporation reduced its position in shares of Praxair, Inc. (NYSE:PX) by 31.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,612 shares of the basic materials company’s stock after selling 2,101 shares during the period. Zions Bancorporation’s holdings in Praxair were worth $645,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Federated Investors Inc. PA boosted its position in shares of Praxair by 47.3% during the second quarter. Federated Investors Inc. PA now owns 10,057 shares of the basic materials company’s stock worth $1,333,000 after buying an additional 3,228 shares during the period. Seven Eight Capital LP acquired a new position in shares of Praxair during the second quarter worth about $1,286,000. Mosaic Family Wealth LLC boosted its position in shares of Praxair by 6.3% during the second quarter. Mosaic Family Wealth LLC now owns 1,309 shares of the basic materials company’s stock worth $173,000 after buying an additional 77 shares during the period. Coho Partners Ltd. boosted its position in shares of Praxair by 776.9% during the second quarter. Coho Partners Ltd. now owns 16,073 shares of the basic materials company’s stock worth $2,130,000 after buying an additional 14,240 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Praxair by 14.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after buying an additional 962 shares during the period. 86.43% of the stock is owned by institutional investors.
Praxair, Inc. (PX) traded up $0.57 on Monday, reaching $151.98. The company had a trading volume of 1,200,065 shares, compared to its average volume of 1,339,400. Praxair, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $156.40. The company has a market capitalization of $43,350.00, a price-to-earnings ratio of 26.38, a PEG ratio of 2.26 and a beta of 1.00. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be paid a $0.7875 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $3.15 annualized dividend and a yield of 2.07%. Praxair’s dividend payout ratio is 56.05%.
Several research analysts have recently weighed in on the company. Jefferies Group set a $186.00 price objective on Praxair and gave the stock a “buy” rating in a research report on Monday. 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 on the stock in a report on Monday, November 13th. Susquehanna Bancshares upped their target price on Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Praxair has a consensus rating of “Hold” and an average price target of $156.15.
In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 16,697 shares in the company, valued at $1,957,890.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This article was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/12/11/zions-bancorporation-sells-2101-shares-of-praxair-inc-px.html.
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 & 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.