Canada Pension Plan Investment Board lifted its position in shares of Praxair, Inc. (NYSE:PX) by 92.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 560,381 shares of the basic materials company’s stock after buying an additional 269,000 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.20% of Praxair worth $78,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kistler Tiffany Companies LLC grew its position in shares of 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 in the last quarter. Parallel Advisors LLC grew its position in shares of Praxair by 19.1% during the 2nd quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after buying an additional 123 shares in the last quarter. BB&T Investment Services Inc. bought a new position in shares of Praxair during the 2nd quarter worth $106,000. Exane Derivatives bought a new position in shares of Praxair during the 2nd quarter worth $109,000. Finally, Tortoise Investment Management LLC grew its position in shares of Praxair by 3.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after buying an additional 31 shares in the last quarter. 85.33% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have recently issued reports on PX shares. Susquehanna Bancshares Inc raised Praxair from a “neutral” rating to a “positive” rating and increased their price target for the stock from $131.00 to $155.00 in a research report on Thursday, September 7th. Zacks Investment Research downgraded Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. UBS AG raised Praxair from a “neutral” rating to a “positive” rating in a research report on Thursday, September 7th. KeyCorp reaffirmed a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. Finally, BidaskClub raised Praxair from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $145.77.

Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.06. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.13%. Praxair’s dividend payout ratio (DPR) is presently 56.05%.

Praxair 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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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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