Montrusco Bolton Investments Inc. cut its stake in Praxair, Inc. (NYSE:PX) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,340 shares of the basic materials company’s stock after selling 12,748 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Praxair were worth $12,091,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of PX. Kistler Tiffany Companies LLC raised its position in Praxair by 149.8% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after buying an additional 430 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in Praxair during the 2nd quarter worth approximately $106,000. Pacific Center for Financial Services grew its stake in shares of Praxair by 65.7% during the 2nd quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 356 shares during the period. TCI Wealth Advisors Inc. grew its stake in shares of Praxair by 7.0% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 916 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 60 shares during the period. Finally, Accident Compensation Corp acquired a new stake in shares of Praxair during the 3rd quarter worth approximately $140,000. Hedge funds and other institutional investors own 85.62% of the company’s stock.
Praxair, Inc. (NYSE:PX) opened at $155.05 on Friday. The firm has a market capitalization of $44,390.00, a PE ratio of 35.89, a price-to-earnings-growth ratio of 2.08 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. Praxair, Inc. has a 52-week low of $115.53 and a 52-week high of $166.95.
The business also recently disclosed 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. The ex-dividend date is Tuesday, March 6th. This is an increase from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.13%. Praxair’s payout ratio is currently 72.92%.
A number of equities research analysts recently issued reports on PX shares. JPMorgan Chase & Co. lifted their price target on shares of Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Monday, November 6th. Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and lifted their target price for the stock from $155.00 to $175.00 in a research note on Tuesday, December 19th. Jefferies Group set a $186.00 target price on shares of Praxair and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Argus raised shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Praxair presently has a consensus rating of “Buy” and an average target price of $163.47.
In other news, Director Raymond W. Leboeuf sold 6,550 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the completion of the transaction, the director now directly owns 16,697 shares of the company’s stock, valued at $1,957,890.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.
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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.
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