Rhumbline Advisers Has $78.46 Million Holdings in Praxair, Inc. (PX)

Rhumbline Advisers boosted its position in shares of Praxair, Inc. (NYSE:PX) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 507,233 shares of the basic materials company’s stock after acquiring an additional 10,308 shares during the period. Rhumbline Advisers owned about 0.18% of Praxair worth $78,459,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of 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 worth $683,156,000 after buying an additional 77,300 shares during the last quarter. Egerton Capital UK LLP lifted its position in shares of 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 worth $651,818,000 after buying an additional 829,003 shares during the last quarter. Capital International Investors lifted its position in shares of Praxair by 9.6% during the 3rd quarter. Capital International Investors now owns 2,981,701 shares of the basic materials company’s stock worth $416,663,000 after buying an additional 262,050 shares during the last quarter. Jensen Investment Management Inc. lifted its position in shares of Praxair by 0.6% during the 4th quarter. Jensen Investment Management Inc. now owns 2,501,583 shares of the basic materials company’s stock worth $386,945,000 after buying an additional 15,176 shares during the last quarter. Finally, CI Global Investments Inc. lifted its position in shares of Praxair by 0.8% during the 4th quarter. CI Global Investments Inc. now owns 1,993,569 shares of the basic materials company’s stock worth $308,365,000 after buying an additional 16,699 shares during the last quarter. Institutional investors and hedge funds own 84.86% of the company’s stock.

Several analysts have recently weighed in on PX shares. JPMorgan Chase & Co. boosted their price objective on shares of Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Monday, November 6th. Deutsche Bank upgraded shares of Praxair from a “hold” rating to a “buy” rating and upped their price target for the company from $155.00 to $175.00 in a research report on Tuesday, December 19th. Jefferies Group set a $186.00 price target on shares of Praxair and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, Argus upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a research report on Monday, November 13th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Praxair currently has an average rating of “Buy” and a consensus price target of $167.50.

Shares of Praxair, Inc. (PX) opened at $153.61 on Friday. Praxair, Inc. has a 12-month low of $115.67 and a 12-month high of $166.95. The company has a market cap of $44,606.37, a price-to-earnings ratio of 26.63, a P/E/G ratio of 2.03 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.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a yield of 2.15%. This is an increase from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio is presently 72.92%.

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About Praxair

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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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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