Traders bought shares of Praxair, Inc. (NYSE:PX) on weakness during trading on Tuesday. $65.71 million flowed into the stock on the tick-up and $37.16 million flowed out of the stock on the tick-down, for a money net flow of $28.55 million into the stock. Of all equities tracked, Praxair had the 19th highest net in-flow for the day. Praxair traded down ($0.92) for the day and closed at $151.34

Several research firms have commented on PX. BidaskClub upgraded Praxair from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Susquehanna Bancshares boosted their target price on Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Zacks Investment Research cut Praxair from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Jefferies Group reiterated a “buy” rating and set a $162.00 price objective on shares of Praxair in a research note on Thursday, October 19th. Finally, Barclays upped their price objective on Praxair from $140.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $156.15.

The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. The firm has a market capitalization of $43,349.48, a price-to-earnings ratio of 26.38, a P/E/G ratio of 2.26 and a beta of 1.00.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s dividend payout ratio is 56.05%.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the sale, the director now directly 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 accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. CI Global Investments Inc. raised its position in shares of Praxair by 141.4% during the second quarter. CI Global Investments Inc. now owns 1,933,777 shares of the basic materials company’s stock worth $256,322,000 after acquiring an additional 1,132,606 shares during the last quarter. Capital World Investors grew its stake in Praxair by 4.3% during the second quarter. Capital World Investors now owns 17,332,349 shares of the basic materials company’s stock worth $2,297,403,000 after purchasing an additional 716,835 shares during the period. Egerton Capital UK LLP grew its stake in Praxair by 24.0% during the third quarter. Egerton Capital UK LLP now owns 3,384,973 shares of the basic materials company’s stock worth $473,016,000 after purchasing an additional 655,456 shares during the period. PointState Capital LP acquired a new stake in Praxair during the second quarter worth approximately $76,481,000. Finally, Vanguard Group Inc. grew its stake in Praxair by 2.6% during the second quarter. Vanguard Group Inc. now owns 20,803,262 shares of the basic materials company’s stock worth $2,757,471,000 after purchasing an additional 523,022 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

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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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