BTR Capital Management Inc. Purchases Shares of 1,350 Praxair, Inc. (NYSE:PX)

BTR Capital Management Inc. acquired a new stake in Praxair, Inc. (NYSE:PX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,350 shares of the basic materials company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. lifted its position in Praxair by 1.0% during 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 acquiring an additional 2,489 shares in the last quarter. Atlantic Trust Group LLC lifted its position in Praxair by 1.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock worth $127,300,000 after acquiring an additional 12,173 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Praxair by 14.8% during 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 acquiring an additional 962 shares in the last quarter. SG Americas Securities LLC lifted its position in Praxair by 81.9% during the 3rd quarter. SG Americas Securities LLC now owns 47,375 shares of the basic materials company’s stock worth $6,620,000 after acquiring an additional 21,333 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in Praxair by 2.7% during the 3rd quarter. Stephens Inc. AR now owns 35,608 shares of the basic materials company’s stock worth $4,976,000 after acquiring an additional 949 shares in the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.

Praxair, Inc. (PX) opened at $155.07 on Thursday. Praxair, Inc. has a 52-week low of $115.67 and a 52-week high of $166.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.99 and a quick ratio of 0.81. The stock has a market capitalization of $44,042.34, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 2.01 and a beta of 1.03.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Tuesday, March 6th. Praxair’s payout ratio is 72.92%.

Several research firms recently commented on PX. TheStreet lowered Praxair from an “a-” rating to a “c+” rating in a research report on Thursday, January 25th. Seaport Global Securities reissued a “hold” rating and set a $165.00 price target on shares of Praxair in a research report on Wednesday, January 31st. Barclays boosted their price target on Praxair from $160.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Citigroup reissued a “buy” rating and set a $188.00 price target on shares of Praxair in a research report on Friday, January 26th. Finally, SunTrust Banks upped their target price on Praxair to $185.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $167.50.

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About Praxair

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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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