Advisor Group Inc. Grows Holdings in Praxair, Inc. (PX)

Advisor Group Inc. raised its stake in Praxair, Inc. (NYSE:PX) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,975 shares of the basic materials company’s stock after buying an additional 1,026 shares during the quarter. Advisor Group Inc.’s holdings in Praxair were worth $4,048,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC increased its stake in shares of Praxair by 149.8% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 430 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Praxair by 19.1% during the 2nd quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 123 shares during the last quarter. BB&T Investment Services Inc. acquired a new position in shares of Praxair during the 2nd quarter worth $106,000. Exane Derivatives acquired a new position in shares of Praxair during the 2nd quarter worth $109,000. Finally, Tortoise Investment Management LLC increased its stake in shares of Praxair by 3.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total value of $768,053.00. Following the completion of the sale, the director now directly owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the stock. Susquehanna Bancshares Inc increased their price target on shares of Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. BidaskClub upgraded shares of Praxair from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Citigroup Inc. upgraded shares of Praxair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $137.00 to $168.00 in a research note on Monday, October 30th. Argus upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research note on Monday. Finally, UBS AG increased their price target on shares of Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Praxair presently has an average rating of “Hold” and a consensus price target of $150.21.

Praxair, Inc. (NYSE PX) traded down $0.13 during trading hours on Tuesday, reaching $148.15. 1,455,900 shares of the company were exchanged, compared to its average volume of 1,297,747. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. Praxair, Inc. has a 1-year low of $115.00 and a 1-year high of $150.25. The firm has a market cap of $42,453.35, a price-to-earnings ratio of 25.83, a PEG ratio of 2.21 and a beta of 0.99.

Praxair (NYSE:PX) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the firm earned $1.41 EPS. The business’s revenue was up 7.6% on a year-over-year basis. equities analysts anticipate that Praxair, Inc. will post 5.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s dividend payout ratio (DPR) is presently 56.05%.

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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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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