Bailard Inc. trimmed its stake in Praxair, Inc. (NYSE:PX) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,785 shares of the basic materials company’s stock after selling 582 shares during the quarter. Bailard Inc.’s holdings in Praxair were worth $2,751,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Greenleaf Trust raised its stake in shares of Praxair by 4.5% in the fourth quarter. Greenleaf Trust now owns 8,194 shares of the basic materials company’s stock worth $1,267,000 after purchasing an additional 351 shares during the last quarter. Governors Lane LP purchased a new position in shares of Praxair in the fourth quarter worth $70,318,000. Public Employees Retirement System of Ohio raised its stake in shares of Praxair by 1.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 210,623 shares of the basic materials company’s stock worth $32,579,000 after purchasing an additional 2,691 shares during the last quarter. Barings LLC raised its stake in shares of Praxair by 2,104.1% in the fourth quarter. Barings LLC now owns 93,452 shares of the basic materials company’s stock worth $14,455,000 after purchasing an additional 89,212 shares during the last quarter. Finally, Egerton Capital UK LLP raised its stake in shares of Praxair by 24.5% in the fourth quarter. Egerton Capital UK LLP now owns 4,213,976 shares of the basic materials company’s stock worth $651,818,000 after purchasing an additional 829,003 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of Praxair, Inc. (NYSE:PX) opened at $155.07 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.99 and a quick ratio of 0.81. The company has a market capitalization of $44,042.34, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.01 and a beta of 1.03. Praxair, Inc. has a 1 year low of $115.67 and a 1 year high of $166.95.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be given a $0.825 dividend. This is a boost from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a yield of 2.13%. Praxair’s dividend payout ratio is presently 72.92%.

A number of analysts recently commented on the company. Jefferies Group reiterated a “buy” rating and set a $162.00 price objective on shares of Praxair in a research report on Thursday, October 19th. Zacks Investment Research cut Praxair from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and set a $162.00 price objective on shares of Praxair in a research report on Friday, October 27th. Barclays upped their price objective on Praxair from $140.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Finally, UBS Group upped their price objective on Praxair from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $167.50.

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About Praxair

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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