Praxair, Inc. (PX) Shares Bought by OLD Mutual Customised Solutions Proprietary Ltd.
OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Praxair, Inc. (NYSE:PX) by 50.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,414 shares of the basic materials company’s stock after acquiring an additional 5,200 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Praxair were worth $2,384,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in PX. Cerebellum GP LLC purchased a new position in Praxair in the fourth quarter worth $128,000. Accident Compensation Corp purchased a new position in Praxair in the third quarter worth $140,000. San Francisco Sentry Investment Group CA raised its position in Praxair by 2,171.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 977 shares in the last quarter. M&R Capital Management Inc. raised its position in Praxair by 366.5% in the fourth quarter. M&R Capital Management Inc. now owns 933 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 733 shares in the last quarter. Finally, Aevitas Wealth Management Inc. purchased a new position in Praxair in the fourth quarter worth $162,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.
Shares of Praxair stock opened at $151.71 on Thursday. 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 company has a market capitalization of $43,133.66, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.96 and a beta of 1.06. Praxair, Inc. has a 52 week low of $115.67 and a 52 week high of $166.95.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 2.18%. This is a positive change from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date was Tuesday, March 6th. Praxair’s dividend payout ratio (DPR) is presently 76.39%.
PX has been the subject of several research analyst reports. Zacks Investment Research cut Praxair from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Deutsche Bank upgraded Praxair from a “hold” rating to a “buy” rating and raised their price target for the company from $155.00 to $175.00 in a research report on Tuesday, December 19th. Jefferies Group set a $186.00 price target on Praxair and gave the company a “buy” rating in a research report on Monday, December 11th. UBS raised their price target on Praxair to $176.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, Raymond James Financial restated an “outperform” rating on shares of Praxair in a research report on Tuesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Praxair presently has an average rating of “Buy” and a consensus target price of $167.50.
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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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