Praxair, Inc. (PX) Holdings Lessened by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its holdings in Praxair, Inc. (NYSE:PX) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 48,881 shares of the basic materials company’s stock after selling 1,201 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Praxair were worth $7,563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PX. Greenleaf Trust increased its holdings in shares of Praxair by 4.5% in the 4th quarter. Greenleaf Trust now owns 8,194 shares of the basic materials company’s stock valued at $1,267,000 after acquiring an additional 351 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Praxair by 6.9% in the 4th quarter. Bessemer Group Inc. now owns 5,489 shares of the basic materials company’s stock valued at $849,000 after acquiring an additional 352 shares during the last quarter. Advisor Partners LLC increased its holdings in shares of Praxair by 6.5% in the 4th quarter. Advisor Partners LLC now owns 5,839 shares of the basic materials company’s stock valued at $945,000 after acquiring an additional 357 shares during the last quarter. Pennsylvania Trust Co increased its holdings in shares of Praxair by 1.6% in the 4th quarter. Pennsylvania Trust Co now owns 23,225 shares of the basic materials company’s stock valued at $3,592,000 after acquiring an additional 363 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its holdings in shares of Praxair by 0.3% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 131,701 shares of the basic materials company’s stock valued at $18,404,000 after acquiring an additional 367 shares during the last quarter. 84.93% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on PX shares. SunTrust Banks reiterated a “buy” rating and issued a $162.00 price target on shares of Praxair in a report on Friday, October 27th. 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. UBS Group upped their price objective on Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Citigroup upgraded Praxair from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $137.00 to $168.00 in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Monday, November 6th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $167.50.

Praxair, Inc. (PX) opened at $153.67 on Friday. Praxair, Inc. has a 52 week low of $115.67 and a 52 week high of $166.95. The stock has a market capitalization of $43,730.27, a price-to-earnings ratio of 26.11, a PEG ratio of 1.99 and a beta of 1.03. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 1.20.

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 paid a $0.825 dividend. This is a boost from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date is Tuesday, March 6th. This represents a $3.30 annualized dividend and a dividend yield of 2.15%. Praxair’s dividend payout ratio is presently 72.92%.

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Praxair 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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