Standard Life Aberdeen plc decreased its position in shares of Praxair, Inc. (NYSE:PX) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,665,034 shares of the basic materials company’s stock after selling 364,924 shares during the period. Standard Life Aberdeen plc owned 0.58% of Praxair worth $257,547,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PX. Egerton Capital UK LLP increased its holdings in shares of Praxair by 24.5% in the fourth quarter. Egerton Capital UK LLP now owns 4,213,976 shares of the basic materials company’s stock valued at $651,818,000 after purchasing an additional 829,003 shares during the period. Schroder Investment Management Group boosted its stake in shares of Praxair by 593.7% in the fourth quarter. Schroder Investment Management Group now owns 743,441 shares of the basic materials company’s stock valued at $114,995,000 after buying an additional 636,277 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Praxair by 591.4% in the fourth quarter. State of Tennessee Treasury Department now owns 537,762 shares of the basic materials company’s stock valued at $83,182,000 after buying an additional 459,978 shares in the last quarter. Governors Lane LP purchased a new stake in shares of Praxair in the fourth quarter valued at approximately $70,318,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Praxair by 92.3% in the third quarter. Canada Pension Plan Investment Board now owns 560,381 shares of the basic materials company’s stock valued at $78,308,000 after buying an additional 269,000 shares in the last quarter. 84.93% of the stock is currently owned by institutional investors.
Praxair, Inc. (NYSE:PX) traded up $0.99 on Wednesday, reaching $154.59. The company’s stock had a trading volume of 220,418 shares, compared to its average volume of 2,158,285. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. The stock has a market capitalization of $43,979.36, a P/E ratio of 35.75, a price-to-earnings-growth ratio of 2.00 and a beta of 1.03. Praxair, Inc. has a one year low of $115.67 and a one year high of $166.95.
The company also recently announced 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. This represents a $3.30 dividend on an annualized basis and a yield of 2.13%. This is an increase from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Tuesday, March 6th. Praxair’s payout ratio is presently 72.92%.
A number of analysts recently weighed in on PX shares. Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research note on Thursday, January 11th. Seaport Global Securities restated a “hold” rating and issued a $165.00 price target on shares of Praxair in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price target on Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. UBS Group downgraded Praxair from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, January 23rd. Finally, Citigroup restated a “buy” rating and issued a $188.00 price target on shares of Praxair in a research note on Friday, January 26th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently 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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