Jacobs & Co. CA decreased its position in Praxair, Inc. (NYSE:PX) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,792 shares of the basic materials company’s stock after selling 1,020 shares during the period. Jacobs & Co. CA’s holdings in Praxair were worth $5,218,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Greenleaf Trust boosted its holdings in Praxair by 4.5% during the fourth quarter. Greenleaf Trust now owns 8,194 shares of the basic materials company’s stock worth $1,267,000 after buying an additional 351 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Praxair by 6.9% during the fourth quarter. Bessemer Group Inc. now owns 5,489 shares of the basic materials company’s stock worth $849,000 after buying an additional 352 shares in the last quarter. Advisor Partners LLC boosted its holdings in Praxair by 6.5% during the fourth quarter. Advisor Partners LLC now owns 5,839 shares of the basic materials company’s stock worth $945,000 after buying an additional 357 shares in the last quarter. Pennsylvania Trust Co boosted its holdings in Praxair by 1.6% during the fourth quarter. Pennsylvania Trust Co now owns 23,225 shares of the basic materials company’s stock worth $3,592,000 after buying an additional 363 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its holdings in Praxair by 0.3% during the third quarter. Guyasuta Investment Advisors Inc. now owns 131,701 shares of the basic materials company’s stock worth $18,404,000 after buying an additional 367 shares in the last quarter. 84.93% of the stock is currently owned by institutional investors and hedge funds.
PX has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Praxair from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Citigroup raised shares of Praxair from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $137.00 to $168.00 in a report on Monday, October 30th. Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $155.00 to $175.00 in a report on Tuesday, December 19th. Finally, Argus raised shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a report on Monday, November 13th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $167.50.
Shares of Praxair, Inc. (PX) opened at $153.60 on Wednesday. Praxair, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $166.95. The stock has a market cap of $43,979.36, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.03. 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 also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, March 6th. This is an increase from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio is 72.92%.
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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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