Starfire Investment Advisers Inc. Buys New Holdings in Praxair, Inc. (PX)

Starfire Investment Advisers Inc. bought a new position in Praxair, Inc. (NYSE:PX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,683 shares of the basic materials company’s stock, valued at approximately $415,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. lifted its holdings in Praxair by 1.0% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 256,321 shares of the basic materials company’s stock worth $35,818,000 after purchasing an additional 2,489 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Praxair by 14.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after purchasing an additional 962 shares during the last quarter. Atlantic Trust Group LLC lifted its holdings in Praxair by 1.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock worth $127,300,000 after purchasing an additional 12,173 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Praxair by 81.9% in the 3rd quarter. SG Americas Securities LLC now owns 47,375 shares of the basic materials company’s stock worth $6,620,000 after purchasing an additional 21,333 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in Praxair by 2.7% in the 3rd quarter. Stephens Inc. AR now owns 35,608 shares of the basic materials company’s stock worth $4,976,000 after purchasing an additional 949 shares during the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a report on Thursday, January 11th. Susquehanna Bancshares lifted their price target on Praxair from $155.00 to $175.00 in a research report on Tuesday, November 7th. Jefferies Group reaffirmed a “buy” rating and issued a $162.00 price target on shares of Praxair in a research report on Thursday, October 19th. Barclays lifted their price target on Praxair from $140.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $162.00 price target on shares of Praxair in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $159.86.

Praxair, Inc. (NYSE:PX) opened at $162.10 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $46,997.01, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. Praxair, Inc. has a 1 year low of $115.53 and a 1 year high of $166.08.

Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) 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 analysts’ expectations of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. Praxair’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 earnings per share. equities analysts anticipate that Praxair, Inc. will post 5.81 earnings per share for the current year.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,957,890.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% 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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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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