Steward Partners Investment Advisory LLC bought a new position in Praxair, Inc. (NYSE:PX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,669 shares of the basic materials company’s stock, valued at approximately $792,000.

Several other institutional investors have also recently modified their holdings of PX. Federated Investors Inc. PA boosted its holdings in Praxair by 47.3% in the second quarter. Federated Investors Inc. PA now owns 10,057 shares of the basic materials company’s stock valued at $1,333,000 after acquiring an additional 3,228 shares in the last quarter. Seven Eight Capital LP bought a new stake in Praxair in the second quarter valued at $1,286,000. Mosaic Family Wealth LLC boosted its holdings in Praxair by 6.3% in the second quarter. Mosaic Family Wealth LLC now owns 1,309 shares of the basic materials company’s stock valued at $173,000 after acquiring an additional 77 shares in the last quarter. Coho Partners Ltd. boosted its holdings in Praxair by 776.9% in the second quarter. Coho Partners Ltd. now owns 16,073 shares of the basic materials company’s stock valued at $2,130,000 after acquiring an additional 14,240 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Praxair by 14.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock valued at $1,042,000 after acquiring an additional 962 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

Shares of Praxair, Inc. (NYSE PX) opened at $149.60 on Friday. Praxair, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $156.40. The company has a market cap of $42,830.00, a price-to-earnings ratio of 26.06, a PEG ratio of 2.23 and a beta of 1.00. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.22.

Praxair (NYSE:PX) last announced its earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the business posted $1.41 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. sell-side analysts forecast that Praxair, Inc. will post 5.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, December 7th were given a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Wednesday, December 6th. Praxair’s dividend payout ratio is presently 56.05%.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Praxair from a “hold” rating to a “sell” rating in a report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and issued a $162.00 price target on shares of Praxair in a report on Friday, October 27th. Citigroup upgraded shares of Praxair from a “neutral” rating to a “buy” rating and lifted their price target for the company from $137.00 to $168.00 in a report on Monday, October 30th. UBS lifted their price target on shares of Praxair to $176.00 and gave the company a “buy” rating in a report on Friday. Finally, Susquehanna Bancshares lifted their price target on shares of Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Praxair presently has a consensus rating of “Hold” and an average price target of $157.38.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total value of $768,053.00. Following the completion of the transaction, the director now owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

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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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