WINTON GROUP Ltd lifted its holdings in shares of Praxair, Inc. (NYSE:PX) by 62.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,362 shares of the basic materials company’s stock after buying an additional 12,475 shares during the period. WINTON GROUP Ltd’s holdings in Praxair were worth $5,006,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in Praxair by 1.1% during the 4th quarter. BlackRock Inc. now owns 17,780,637 shares of the basic materials company’s stock valued at $2,750,308,000 after buying an additional 196,920 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Praxair by 1.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,868,280 shares of the basic materials company’s stock valued at $683,156,000 after buying an additional 77,300 shares during the last quarter. Egerton Capital UK LLP grew its holdings in Praxair by 24.5% during the 4th quarter. Egerton Capital UK LLP now owns 4,213,976 shares of the basic materials company’s stock valued at $651,818,000 after buying an additional 829,003 shares during the last quarter. Capital International Investors grew its holdings in Praxair by 9.6% during the 3rd quarter. Capital International Investors now owns 2,981,701 shares of the basic materials company’s stock valued at $416,663,000 after buying an additional 262,050 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Praxair by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 2,781,294 shares of the basic materials company’s stock valued at $429,239,000 after buying an additional 89,525 shares during the last quarter. 86.20% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on PX shares. Deutsche Bank upgraded Praxair from a “hold” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $175.00 in a report on Tuesday, December 19th. UBS Group raised their price objective on Praxair to $176.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Jefferies Group set a $186.00 price objective on Praxair and gave the stock a “buy” rating in a report on Monday, December 11th. Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a report on Friday, January 5th. Finally, Citigroup reiterated a “buy” rating and issued a $188.00 target price on shares of Praxair in a report on Friday, January 26th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $167.50.
Praxair, Inc. (NYSE:PX) traded down $2.83 during trading hours on Wednesday, reaching $157.54. The company’s stock had a trading volume of 1,611,350 shares, compared to its average volume of 2,028,777. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 1.20. Praxair, Inc. has a one year low of $115.67 and a one year high of $166.95. The stock has a market capitalization of $45,500.00, a price-to-earnings ratio of 27.74, a PEG ratio of 2.10 and a beta of 1.06.
Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.48 by $0.04. Praxair had a return on equity of 26.54% and a net margin of 10.90%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.85 billion. research analysts predict that Praxair, Inc. will post 6.64 EPS for the current fiscal year.
The firm also recently announced 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.09%. 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 payout ratio is presently 58.10%.
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.
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