Bessemer Group Inc. Raises Holdings in Praxair, Inc. (PX)

Bessemer Group Inc. grew its position in Praxair, Inc. (NYSE:PX) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,489 shares of the basic materials company’s stock after purchasing an additional 352 shares during the quarter. Bessemer Group Inc.’s holdings in Praxair were worth $849,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PX. Egerton Capital UK LLP lifted its holdings in shares of Praxair by 24.0% in the 3rd quarter. Egerton Capital UK LLP now owns 3,384,973 shares of the basic materials company’s stock worth $473,016,000 after buying an additional 655,456 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Praxair by 92.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 560,381 shares of the basic materials company’s stock worth $78,308,000 after purchasing an additional 269,000 shares during the last quarter. Capital International Investors lifted its stake in shares of Praxair by 9.6% during the 3rd quarter. Capital International Investors now owns 2,981,701 shares of the basic materials company’s stock worth $416,663,000 after purchasing an additional 262,050 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Praxair by 36.8% during the 3rd quarter. Principal Financial Group Inc. now owns 902,646 shares of the basic materials company’s stock worth $126,136,000 after purchasing an additional 242,969 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Praxair by 62.4% during the 4th quarter. Bank of Montreal Can now owns 627,945 shares of the basic materials company’s stock worth $97,130,000 after purchasing an additional 241,365 shares during the last quarter. Institutional investors and hedge funds own 85.60% of the company’s stock.

A number of equities research analysts recently weighed in on the company. TheStreet cut Praxair from an “a-” rating to a “c+” rating in a research note on Thursday, January 25th. Seaport Global Securities restated a “hold” rating and set a $165.00 price objective on shares of Praxair in a research note on Wednesday, January 31st. Citigroup restated a “buy” rating and set a $188.00 price objective on shares of Praxair in a research note on Friday, January 26th. Barclays upped their price objective on Praxair from $160.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, SunTrust Banks upped their price objective on Praxair to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $163.47.

Praxair, Inc. (NYSE:PX) opened at $149.48 on Friday. Praxair, Inc. has a 1 year low of $115.60 and a 1 year high of $166.95. The stock has a market capitalization of $42,800.00, a PE ratio of 34.60, a P/E/G ratio of 1.96 and a beta of 1.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, March 7th will be given a dividend of $0.825 per share. This is a positive change from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, March 6th. Praxair’s dividend payout ratio is currently 72.92%.

ILLEGAL ACTIVITY WARNING: This report was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://sportsperspectives.com/2018/02/10/bessemer-group-inc-raises-holdings-in-praxair-inc-px.html.

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.

Want to see what other hedge funds are holding PX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Praxair, Inc. (NYSE:PX).

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Receive News & Ratings for Praxair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply