Thrivent Financial For Lutherans cut its holdings in Praxair, Inc. (NYSE:PX) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,630 shares of the basic materials company’s stock after selling 719 shares during the period. Thrivent Financial For Lutherans’ holdings in Praxair were worth $1,799,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Honeywell International Inc. raised its holdings in shares of Praxair by 7.2% during the 4th quarter. Honeywell International Inc. now owns 148,800 shares of the basic materials company’s stock worth $23,016,000 after acquiring an additional 10,000 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its holdings in shares of Praxair by 1.0% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 256,321 shares of the basic materials company’s stock worth $35,818,000 after acquiring an additional 2,489 shares in the last quarter. Atlantic Trust Group LLC raised its holdings in shares of Praxair by 1.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock worth $127,300,000 after acquiring an additional 12,173 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Praxair by 4.4% during the 4th quarter. Synovus Financial Corp now owns 37,436 shares of the basic materials company’s stock worth $5,782,000 after acquiring an additional 1,582 shares in the last quarter. Finally, Jensen Investment Management Inc. raised its holdings 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 acquiring an additional 15,176 shares in the last quarter. 86.17% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the company. ValuEngine cut Praxair from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Seaport Global Securities reaffirmed a “hold” rating and set a $165.00 price objective on shares of Praxair in a report on Wednesday, January 31st. TheStreet cut Praxair from an “a-” rating to a “c+” rating in a report on Thursday, January 25th. SunTrust Banks boosted their target price on Praxair to $185.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Barclays boosted their target price on Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $167.50.
PX stock opened at $150.22 on Wednesday. The firm has a market capitalization of $42,949.89, a P/E ratio of 25.57, a PEG ratio of 1.95 and a beta of 1.06. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 1.20. Praxair, Inc. has a 12-month low of $115.67 and a 12-month high of $166.95.
Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.85 billion. Praxair had a return on equity of 26.54% and a net margin of 10.90%. analysts forecast that Praxair, Inc. will post 6.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Tuesday, March 6th. This is an increase from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio is 76.39%.
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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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