Jones Financial Companies Lllp lifted its holdings in Praxair, Inc. (NYSE:PX) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,663 shares of the basic materials company’s stock after buying an additional 371 shares during the period. Jones Financial Companies Lllp’s holdings in Praxair were worth $6,754,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Clearbridge Investments LLC raised its holdings in shares of Praxair by 40,275.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,227,898 shares of the basic materials company’s stock worth $344,611,000 after acquiring an additional 2,222,380 shares in the last quarter. Egerton Capital UK LLP raised its holdings in shares of Praxair by 24.5% during the fourth quarter. Egerton Capital UK LLP now owns 4,213,976 shares of the basic materials company’s stock worth $651,818,000 after acquiring an additional 829,003 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Praxair by 593.7% during the fourth quarter. Schroder Investment Management Group now owns 743,441 shares of the basic materials company’s stock worth $114,995,000 after acquiring an additional 636,277 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Praxair by 591.4% during the fourth quarter. State of Tennessee Treasury Department now owns 537,762 shares of the basic materials company’s stock worth $83,182,000 after acquiring an additional 459,978 shares in the last quarter. Finally, Governors Lane LP purchased a new stake in shares of Praxair during the fourth quarter worth $70,318,000. 86.20% of the stock is owned by institutional investors and hedge funds.
Praxair, Inc. (NYSE PX) opened at $160.09 on Monday. Praxair, Inc. has a 1-year low of $115.67 and a 1-year high of $166.95. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $45,967.70, a PE ratio of 27.37, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be paid a $0.825 dividend. The ex-dividend date is Tuesday, March 6th. This is a positive change from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.06%. Praxair’s payout ratio is presently 76.39%.
Several brokerages recently issued reports on PX. TheStreet lowered Praxair from an “a-” rating to a “c+” rating in a report on Thursday, January 25th. ValuEngine lowered Praxair from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Seaport Global Securities restated a “hold” rating and set a $165.00 target price on shares of Praxair in a report on Wednesday, January 31st. Barclays raised their target price on Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, Citigroup restated a “buy” rating and set 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 issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $167.50.
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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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