Montrusco Bolton Investments Inc. Has $12.09 Million Position in Praxair, Inc. (PX)
Montrusco Bolton Investments Inc. cut its holdings in Praxair, Inc. (NYSE:PX) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 78,340 shares of the basic materials company’s stock after selling 12,748 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Praxair were worth $12,091,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PX. Vanguard Group Inc. boosted its holdings in Praxair by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 20,803,262 shares of the basic materials company’s stock valued at $2,757,471,000 after purchasing an additional 523,022 shares during the period. Capital World Investors boosted its holdings in Praxair by 4.3% in the 2nd quarter. Capital World Investors now owns 17,332,349 shares of the basic materials company’s stock valued at $2,297,403,000 after purchasing an additional 716,835 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Praxair by 1.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,868,280 shares of the basic materials company’s stock valued at $683,156,000 after purchasing an additional 77,300 shares during the period. Egerton Capital UK LLP boosted its holdings in Praxair by 24.0% in the 3rd quarter. Egerton Capital UK LLP now owns 3,384,973 shares of the basic materials company’s stock valued at $473,016,000 after purchasing an additional 655,456 shares during the period. Finally, Capital International Investors boosted its holdings in Praxair by 9.6% in the 3rd quarter. Capital International Investors now owns 2,981,701 shares of the basic materials company’s stock valued at $416,663,000 after purchasing an additional 262,050 shares during the period. 85.48% of the stock is owned by institutional investors.
Several research analysts have commented on PX shares. Jefferies Group reissued a “buy” rating and issued a $162.00 price target on shares of Praxair in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Praxair from a “hold” rating to a “sell” rating in a report on Friday, October 20th. SunTrust Banks reissued a “buy” rating and issued a $162.00 price target on shares of Praxair in a report on Friday, October 27th. Barclays raised their price target on shares of Praxair from $140.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Finally, UBS Group raised their price target on shares of Praxair from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $159.86.
Praxair, Inc. (PX) traded up $1.19 during trading on Friday, hitting $163.81. 2,007,100 shares of the stock traded hands, compared to its average volume of 1,852,425. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. The stock has a market cap of $47,220.00, a PE ratio of 29.15, a P/E/G ratio of 2.22 and a beta of 1.00. Praxair, Inc. has a 12-month low of $115.53 and a 12-month high of $166.08.
Praxair (NYSE:PX) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.06. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $1.41 EPS. equities research analysts forecast that Praxair, Inc. will post 5.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, December 7th were given a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, December 6th. Praxair’s dividend payout ratio (DPR) is currently 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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair and related stocks with our FREE daily email newsletter.