Praxair, Inc. (PX) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. boosted its position in Praxair, Inc. (NYSE:PX) by 6.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,072 shares of the basic materials company’s stock after buying an additional 5,509 shares during the quarter. Brown Advisory Inc.’s holdings in Praxair were worth $12,308,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BB&T Securities LLC grew its holdings in shares of Praxair by 9.2% during the third quarter. BB&T Securities LLC now owns 20,646 shares of the basic materials company’s stock valued at $2,884,000 after purchasing an additional 1,734 shares during the last quarter. Impax Asset Management LTD grew its holdings in shares of Praxair by 6.9% during the third quarter. Impax Asset Management LTD now owns 251,730 shares of the basic materials company’s stock valued at $35,177,000 after purchasing an additional 16,232 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Praxair by 4.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 597,873 shares of the basic materials company’s stock valued at $83,547,000 after purchasing an additional 23,328 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Praxair by 256.5% during the third quarter. WINTON GROUP Ltd now owns 19,887 shares of the basic materials company’s stock valued at $2,779,000 after purchasing an additional 14,309 shares during the last quarter. Finally, Zeke Capital Advisors LLC grew its holdings in shares of Praxair by 84.8% during the third quarter. Zeke Capital Advisors LLC now owns 4,896 shares of the basic materials company’s stock valued at $684,000 after purchasing an additional 2,247 shares during the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was 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 in the company, valued at $1,957,890.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Praxair from a “hold” rating to a “sell” rating in a report on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and set a $162.00 target price on shares of Praxair in a report on Friday, October 27th. Citigroup raised Praxair from a “neutral” rating to a “buy” rating and upped their target price for the company from $137.00 to $168.00 in a report on Monday, October 30th. Susquehanna Bancshares upped their target price on Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Finally, BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $154.31.

Shares of Praxair, Inc. (PX) traded down $2.05 during mid-day trading on Monday, reaching $151.87. The company had a trading volume of 2,270,100 shares, compared to its average volume of 1,333,342. Praxair, Inc. has a 1-year low of $115.00 and a 1-year high of $156.40. The company has a market cap of $43,481.18, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a yield of 2.07%. Praxair’s dividend payout ratio (DPR) is 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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