Checchi Capital Advisers LLC decreased its stake in shares of Praxair, Inc. (NYSE:PX) by 18.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,092 shares of the basic materials company’s stock after selling 462 shares during the period. Checchi Capital Advisers LLC’s holdings in Praxair were worth $292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Hong Kong Ltd acquired a new position in Praxair during the 1st quarter worth about $233,000. Capital Management Corp VA lifted its position in Praxair by 0.6% during the 2nd quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 11 shares during the period. Federated Investors Inc. PA lifted its position in Praxair by 47.3% during the 2nd quarter. Federated Investors Inc. PA now owns 10,057 shares of the basic materials company’s stock valued at $1,333,000 after purchasing an additional 3,228 shares during the period. Seven Eight Capital LP acquired a new position in Praxair during the 2nd quarter valued at about $1,286,000. Finally, Mosaic Family Wealth LLC lifted its position in Praxair by 6.3% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,309 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.

Shares of Praxair, Inc. (NYSE:PX) traded down $0.01 during trading hours on Monday, hitting $147.49. 132,318 shares of the company were exchanged, compared to its average volume of 1,190,000. The firm has a market cap of $42,230.00, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. Praxair, Inc. has a 1-year low of $114.43 and a 1-year high of $149.91.

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

The company also recently declared 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 2.14%. Praxair’s dividend payout ratio is 56.05%.

A number of research firms have issued reports on PX. Zacks Investment Research downgraded shares of Praxair from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. SunTrust Banks, Inc. restated a “buy” rating and set a $162.00 target price on shares of Praxair in a research report on Friday, October 27th. BidaskClub downgraded shares of Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Citigroup Inc. upgraded shares of Praxair from a “neutral” rating to a “buy” rating and upped their target price for the company from $137.00 to $168.00 in a research report on Monday, October 30th. Finally, KeyCorp restated a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $147.08.

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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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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