DE Burlo Group Inc. bought a new stake in shares of Praxair, Inc. (NYSE:PX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,335 shares of the basic materials company’s stock, valued at approximately $206,000.
A number of other large investors have also added to or reduced their stakes in PX. Janus Henderson Group PLC grew its stake in shares of Praxair by 26.7% in the 2nd quarter. Janus Henderson Group PLC now owns 122,318 shares of the basic materials company’s stock valued at $16,211,000 after buying an additional 25,796 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Praxair in the 2nd quarter valued at approximately $739,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Praxair in the 2nd quarter valued at approximately $583,000. Cetera Investment Advisers bought a new stake in shares of Praxair in the 2nd quarter valued at approximately $201,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Praxair in the 2nd quarter valued at approximately $801,000. 84.86% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on PX shares. Jefferies Group reissued a “buy” rating and issued a $162.00 price target on shares of Praxair in a research note on Thursday, October 19th. Zacks Investment Research cut Praxair from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. SunTrust Banks reissued a “buy” rating and issued a $162.00 price target on shares of Praxair in a research note on Friday, October 27th. Barclays upped their target price 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, UBS Group upped their target price on Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $167.50.
The firm 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 dividend of $0.825 per share. The ex-dividend date is Tuesday, March 6th. This is a positive change from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.13%. Praxair’s payout ratio is 72.92%.
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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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