Girard Partners LTD. Decreases Position in Praxair, Inc. (PX)

Girard Partners LTD. reduced its stake in Praxair, Inc. (NYSE:PX) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,289 shares of the basic materials company’s stock after selling 1,041 shares during the period. Girard Partners LTD.’s holdings in Praxair were worth $2,210,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec raised its stake in Praxair by 1.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,868,280 shares of the basic materials company’s stock worth $683,156,000 after buying an additional 77,300 shares in the last quarter. Egerton Capital UK LLP raised its stake in Praxair by 24.0% in the third 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 in the last quarter. Capital International Investors raised its stake in Praxair by 9.6% in the third quarter. Capital International Investors now owns 2,981,701 shares of the basic materials company’s stock worth $416,663,000 after buying an additional 262,050 shares in the last quarter. Jensen Investment Management Inc. raised its stake in Praxair by 0.6% in the fourth quarter. Jensen Investment Management Inc. now owns 2,501,583 shares of the basic materials company’s stock worth $386,945,000 after buying an additional 15,176 shares in the last quarter. Finally, CI Global Investments Inc. raised its stake in Praxair by 0.8% in the fourth quarter. CI Global Investments Inc. now owns 1,993,569 shares of the basic materials company’s stock worth $308,365,000 after buying an additional 16,699 shares in the last quarter. 85.60% of the stock is owned by institutional investors.

Shares of Praxair, Inc. (NYSE:PX) opened at $149.48 on Friday. Praxair, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $166.95. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 1.20. The company has a market cap of $42,796.87, a P/E ratio of 25.55, a PEG ratio of 1.95 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 dividend of $0.825 per share. This is a boost from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.21%. Praxair’s dividend payout ratio is presently 72.92%.

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

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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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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