Captrust Financial Advisors purchased a new stake in Praxair, Inc. (NYSE:PX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,835 shares of the basic materials company’s stock, valued at approximately $6,162,000.
A number of other hedge funds have also recently bought and sold shares of the stock. Greenleaf Trust boosted its holdings in Praxair by 4.5% in the 4th quarter. Greenleaf Trust now owns 8,194 shares of the basic materials company’s stock worth $1,267,000 after buying an additional 351 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Praxair by 6.9% in the 4th quarter. Bessemer Group Inc. now owns 5,489 shares of the basic materials company’s stock worth $849,000 after buying an additional 352 shares during the last quarter. Advisor Partners LLC boosted its holdings in Praxair by 6.5% in the 4th quarter. Advisor Partners LLC now owns 5,839 shares of the basic materials company’s stock worth $945,000 after buying an additional 357 shares during the last quarter. Pennsylvania Trust Co boosted its holdings in Praxair by 1.6% in the 4th quarter. Pennsylvania Trust Co now owns 23,225 shares of the basic materials company’s stock worth $3,592,000 after buying an additional 363 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its holdings in Praxair by 0.3% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 131,701 shares of the basic materials company’s stock worth $18,404,000 after buying an additional 367 shares during the last quarter. Institutional investors own 85.83% of the company’s stock.
Several equities research analysts recently issued reports on the company. ValuEngine cut Praxair from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Seaport Global Securities reiterated a “hold” rating and issued a $165.00 price objective on shares of Praxair in a report on Wednesday, January 31st. TheStreet cut Praxair from an “a-” rating to a “c+” rating in a report on Thursday, January 25th. SunTrust Banks lifted their price objective on Praxair to $185.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Barclays lifted their price objective on Praxair from $160.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $167.50.
Praxair (NYSE:PX) last issued its earnings results on Thursday, January 25th. The basic materials company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Praxair had a return on equity of 26.54% and a net margin of 10.90%. research analysts predict that Praxair, Inc. will post 6.64 earnings per share for the current year.
The business also recently announced 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. This represents a $3.30 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, March 6th. Praxair’s payout ratio is currently 58.10%.
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Praxair Company 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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