Jacobs & Co. CA Has $5.22 Million Stake in Praxair, Inc. (PX)

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%.

TRADEMARK VIOLATION WARNING: “Jacobs & Co. CA Has $5.22 Million Stake in Praxair, Inc. (PX)” was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/21/jacobs-co-ca-has-5-22-million-stake-in-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