Flinton Capital Management LLC boosted its position in Praxair, Inc. (NYSE:PX) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,560 shares of the basic materials company’s stock after purchasing an additional 928 shares during the period. Flinton Capital Management LLC’s holdings in Praxair were worth $11,913,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of PX. Cerebellum GP LLC purchased a new position in Praxair in the fourth quarter valued at approximately $128,000. M&R Capital Management Inc. lifted its stake in Praxair by 366.5% in the fourth quarter. M&R Capital Management Inc. now owns 933 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 733 shares during the last quarter. Signaturefd LLC purchased a new position in Praxair in the first quarter valued at approximately $147,000. Aevitas Wealth Management Inc. purchased a new position in Praxair in the fourth quarter valued at approximately $162,000. Finally, Taylor Hoffman Wealth Management purchased a new position in Praxair in the fourth quarter valued at approximately $194,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
Shares of PX stock opened at $157.07 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.77 and a debt-to-equity ratio of 1.07. Praxair, Inc. has a 52-week low of $127.36 and a 52-week high of $166.95. The firm has a market capitalization of $45.56 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, June 7th will be given a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.10%. Praxair’s dividend payout ratio (DPR) is presently 56.41%.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Monday, May 21st. Citigroup increased their target price on Praxair from $163.00 to $177.00 and gave the stock a “buy” rating in a research report on Monday, April 30th. TheStreet upgraded Praxair from a “c+” rating to an “a-” rating in a research report on Thursday, April 26th. JPMorgan Chase & Co. restated a “buy” rating and set a $179.00 target price on shares of Praxair in a research report on Friday, April 27th. Finally, ValuEngine upgraded Praxair from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Praxair currently has an average rating of “Buy” and an average price target of $166.73.
Praxair Company Profile
Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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