Shell Asset Management Co. Sells 106,762 Shares of Praxair, Inc. (PX)

Shell Asset Management Co. cut its holdings in shares of Praxair, Inc. (NYSE:PX) by 71.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,541 shares of the basic materials company’s stock after selling 106,762 shares during the period. Shell Asset Management Co.’s holdings in Praxair were worth $6,735,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Kistler Tiffany Companies LLC boosted its holdings in Praxair by 149.8% during the third quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 430 shares during the last quarter. Cerebellum GP LLC purchased a new position in Praxair during the fourth quarter worth about $128,000. Accident Compensation Corp purchased a new position in Praxair during the third quarter worth about $140,000. San Francisco Sentry Investment Group CA boosted its holdings in Praxair by 2,171.1% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock worth $143,000 after purchasing an additional 977 shares during the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in Praxair during the third quarter worth about $154,000. 84.93% of the stock is owned by institutional investors.

Several research analysts recently weighed in on the stock. TheStreet cut shares of Praxair from an “a-” rating to a “c+” rating in a report on Thursday, January 25th. Seaport Global Securities restated a “hold” rating and set a $165.00 price target on shares of Praxair in a report on Wednesday, January 31st. Citigroup restated a “buy” rating and set a $188.00 price target on shares of Praxair in a report on Friday, January 26th. Barclays boosted their target price on shares of Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, SunTrust Banks boosted their target price on shares of Praxair to $185.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Praxair has an average rating of “Buy” and a consensus price target of $167.50.

Praxair, Inc. (NYSE:PX) opened at $153.61 on Monday. 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 firm has a market cap of $43,979.36, a PE ratio of 26.26, a price-to-earnings-growth ratio of 2.00 and a beta of 1.03. Praxair, Inc. has a 52 week low of $115.67 and a 52 week high of $166.95.

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

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thelincolnianonline.com/2018/02/19/shell-asset-management-co-sells-106762-shares-of-praxair-inc-px.html.

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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Shell Asset Management Co. Sells 106,762 Shares of Praxair, Inc. (PX)

Shell Asset Management Co. reduced its holdings in shares of Praxair, Inc. (NYSE:PX) by 71.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 43,541 shares of the basic materials company’s stock after selling 106,762 shares during the quarter. Shell Asset Management Co.’s holdings in Praxair were worth $6,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in PX. Kistler Tiffany Companies LLC lifted its stake in shares of Praxair by 149.8% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock valued at $100,000 after buying an additional 430 shares in the last quarter. Cerebellum GP LLC bought a new stake in Praxair during the 4th quarter worth approximately $128,000. Accident Compensation Corp bought a new stake in Praxair during the 3rd quarter worth approximately $140,000. San Francisco Sentry Investment Group CA increased its holdings in Praxair by 2,171.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 977 shares during the period. Finally, Bristlecone Advisors LLC bought a new stake in Praxair during the 3rd quarter worth approximately $154,000. Institutional investors own 84.93% of the company’s stock.

A number of analysts recently weighed in on the stock. TheStreet lowered shares of Praxair from an “a-” rating to a “c+” rating in a report on Thursday, January 25th. Seaport Global Securities reaffirmed a “hold” rating and set a $165.00 target price on shares of Praxair in a report on Wednesday, January 31st. Susquehanna Bancshares upped their target price on shares of Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of Praxair from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Praxair in a report on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $167.50.

Praxair, Inc. (PX) opened at $153.61 on Monday. The company has a market cap of $43,979.36, a price-to-earnings ratio of 26.26, a PEG ratio of 2.00 and a beta of 1.03. Praxair, Inc. has a twelve month low of $115.67 and a twelve month high of $166.95. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 1.20.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be issued a $0.825 dividend. This is a positive change from Praxair’s previous quarterly dividend of $0.79. 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%. Praxair’s dividend payout ratio is presently 72.92%.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.thelincolnianonline.com/2018/02/19/shell-asset-management-co-sells-106762-shares-of-praxair-inc-px.html.

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.

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).

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply