Praxair, Inc. (PX) Shares Sold by Tokio Marine Asset Management Co. Ltd.
Tokio Marine Asset Management Co. Ltd. trimmed its position in Praxair, Inc. (NYSE:PX) by 6.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,477 shares of the basic materials company’s stock after selling 604 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Praxair were worth $1,311,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC lifted its position in Praxair by 149.8% in the third quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 430 shares during the period. BB&T Investment Services Inc. acquired a new stake in Praxair in the second quarter worth approximately $106,000. Cerebellum GP LLC acquired a new stake in Praxair in the fourth quarter worth approximately $128,000. Accident Compensation Corp acquired a new stake in Praxair in the third quarter worth approximately $140,000. Finally, San Francisco Sentry Investment Group CA lifted 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 purchasing an additional 977 shares during the period. Hedge funds and other institutional investors own 85.60% of the company’s stock.
Shares of Praxair, Inc. (NYSE PX) opened at $144.07 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. Praxair, Inc. has a one year low of $115.60 and a one year high of $166.95. The stock has a market cap of $42,948.66, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03.
Several research firms have issued reports on PX. Seaport Global Securities reaffirmed a “hold” rating and issued a $165.00 price target 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 upped their price target on Praxair to $185.00 and gave the company a “buy” rating in a report on Friday, January 26th. Barclays upped their price target on Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and issued a $188.00 price target on shares of Praxair in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $163.47.
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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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