Praxair, Inc. (PX) Holdings Reduced by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its holdings in Praxair, Inc. (NYSE:PX) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,881 shares of the basic materials company’s stock after selling 1,201 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Praxair were worth $7,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in shares of Praxair by 30.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 11,466 shares of the basic materials company’s stock valued at $1,602,000 after purchasing an additional 2,672 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Praxair by 4.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 20,618 shares of the basic materials company’s stock valued at $2,882,000 after purchasing an additional 908 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Praxair by 15.2% in the 3rd quarter. APG Asset Management N.V. now owns 457,784 shares of the basic materials company’s stock valued at $63,971,000 after purchasing an additional 60,500 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of Praxair by 5.5% in the 3rd quarter. Nationwide Fund Advisors now owns 121,122 shares of the basic materials company’s stock valued at $16,926,000 after purchasing an additional 6,342 shares in the last quarter. Finally, Nippon Life Insurance Co. lifted its stake in shares of Praxair by 2.5% in the 3rd quarter. Nippon Life Insurance Co. now owns 15,109 shares of the basic materials company’s stock valued at $2,111,000 after purchasing an additional 369 shares in the last quarter. Institutional investors own 84.93% of the company’s stock.

Several equities analysts have recently weighed in on PX shares. UBS Group lifted their price objective on Praxair from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research lowered Praxair from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Citigroup raised Praxair from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $137.00 to $168.00 in a research report on Monday, October 30th. Deutsche Bank raised Praxair from a “hold” rating to a “buy” rating and boosted their price target for the stock from $155.00 to $175.00 in a research report on Tuesday, December 19th. Finally, Argus raised Praxair from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research report on Monday, November 13th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $167.50.

Praxair, Inc. (NYSE PX) opened at $153.67 on Friday. Praxair, Inc. has a 52-week low of $115.67 and a 52-week high of $166.95. The stock has a market capitalization of $43,730.27, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 1.99 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 announced 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 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. The ex-dividend date of this dividend is Tuesday, March 6th. Praxair’s dividend payout ratio is presently 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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