Praxair Inc. (PX) Declares Quarterly Dividend of $0.65
Praxair (NYSE:PX) declared a quarterly dividend on Wednesday, January 29th, AnalystRatingsNetwork reports. Shareholders of record on Friday, March 7th will be given a dividend of 0.65 per share on Monday, March 17th. This represents a $2.60 dividend on an annualized basis and a yield of 2.07%.
Several analysts have recently commented on the stock. Analysts at UBS AG initiated coverage on shares of Praxair in a research note to investors on Monday, November 25th. They set a “neutral” rating and a $125.00 price target on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Praxair from $125.00 to $135.00 in a research note to investors on Tuesday, November 5th. They now have an “equal weight” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Praxair from $135.00 to $145.00 in a research note to investors on Friday, November 1st. They now have a “strong-buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $135.77.
Shares of Praxair (NYSE:PX) opened at 125.70 on Wednesday. Praxair has a 52-week low of $107.69 and a 52-week high of $134.23. The stock’s 50-day moving average is $129.0 and its 200-day moving average is $123.2. The company has a market cap of $37.001 billion and a price-to-earnings ratio of 22.22.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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