Praxair, Inc. (PX) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in Praxair, Inc. (NYSE:PX) by 399.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,657 shares of the basic materials company’s stock after purchasing an additional 28,519 shares during the period. State of Alaska Department of Revenue’s holdings in Praxair were worth $5,513,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. raised its holdings in Praxair by 0.5% during the second quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 13 shares in the last quarter. Elkhorn Investments LLC raised its holdings in Praxair by 0.3% during the second quarter. Elkhorn Investments LLC now owns 9,265 shares of the basic materials company’s stock worth $1,206,000 after purchasing an additional 31 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in Praxair by 1.3% during the second quarter. Peapack Gladstone Financial Corp now owns 4,576 shares of the basic materials company’s stock worth $607,000 after purchasing an additional 58 shares in the last quarter. Laurel Wealth Advisors Inc. raised its holdings in Praxair by 2.2% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,398 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 74 shares in the last quarter. Finally, FTB Advisors Inc. raised its holdings in Praxair by 2.8% during the second quarter. FTB Advisors Inc. now owns 2,910 shares of the basic materials company’s stock worth $385,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 84.86% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research cut Praxair from a “hold” rating to a “sell” rating in a report on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $162.00 price target on shares of Praxair in a report on Friday, October 27th. Citigroup upgraded shares of Praxair from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $137.00 to $168.00 in a research report on Monday, October 30th. Deutsche Bank upgraded shares of Praxair from a “hold” rating to a “buy” rating and boosted their price target for the company from $155.00 to $175.00 in a report on Tuesday, December 19th. Finally, UBS Group boosted their price target on shares of Praxair to $176.00 and gave the company a “buy” rating in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Praxair has a consensus rating of “Buy” and an average target price of $163.47.

Praxair, Inc. (NYSE:PX) traded up $4.27 during trading on Monday, reaching $153.75. 3,099,661 shares of the company’s stock were exchanged, compared to its average volume of 2,210,000. The firm has a market cap of $44,020.00, a price-to-earnings ratio of 35.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. Praxair, Inc. has a 52-week low of $115.67 and a 52-week high of $166.95.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.825 per share. The ex-dividend date is Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio is currently 72.92%.

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Praxair Company 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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