Several other research analysts have also recently commented on PX. BidaskClub upgraded shares of Praxair from a sell rating to a hold rating in a report on Thursday, August 17th. Citigroup upgraded shares of Praxair from a neutral rating to a buy rating and increased their target price for the stock from $137.00 to $168.00 in a report on Monday, October 30th. KeyCorp restated a hold rating on shares of Praxair in a report on Sunday, September 3rd. Susquehanna Bancshares increased their target price on shares of Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Finally, UBS increased their target price on shares of Praxair from $150.00 to $160.00 and gave the stock a buy rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $156.15.
Shares of Praxair (PX) traded up $0.85 during mid-day trading on Monday, hitting $152.26. 3,109,400 shares of the stock traded hands, compared to its average volume of 1,346,837. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91. Praxair has a 52 week low of $115.00 and a 52 week high of $156.40. The company has a market capitalization of $43,349.48, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Wednesday, December 6th. Praxair’s dividend payout ratio is currently 56.05%.
In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total value of $768,053.00. Following the completion of the sale, the director now owns 16,697 shares in the company, valued at $1,957,890.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. IBM Retirement Fund lifted its stake in shares of Praxair by 120.1% during the 2nd quarter. IBM Retirement Fund now owns 7,010 shares of the basic materials company’s stock worth $1,039,000 after buying an additional 3,825 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of Praxair by 13,155.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 62,829 shares of the basic materials company’s stock worth $474,000 after buying an additional 62,355 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its stake in shares of Praxair by 5.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 26,937 shares of the basic materials company’s stock worth $3,570,000 after buying an additional 1,283 shares during the last quarter. Klingenstein Fields & Co. LLC lifted its stake in shares of Praxair by 3.4% during the 2nd quarter. Klingenstein Fields & Co. LLC now owns 1,746 shares of the basic materials company’s stock worth $231,000 after buying an additional 58 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Praxair by 1.5% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 6,930 shares of the basic materials company’s stock worth $919,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.
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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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