Caisse DE Depot ET Placement DU Quebec Grows Holdings in Praxair, Inc. (PX)

Caisse DE Depot ET Placement DU Quebec raised its stake in Praxair, Inc. (NYSE:PX) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,868,280 shares of the basic materials company’s stock after purchasing an additional 77,300 shares during the quarter. Praxair comprises about 1.6% of Caisse DE Depot ET Placement DU Quebec’s investment portfolio, making the stock its 15th biggest position. Caisse DE Depot ET Placement DU Quebec owned 1.70% of Praxair worth $683,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in PX. Trust Co. of Vermont increased its position in shares of Praxair by 0.7% during the second quarter. Trust Co. of Vermont now owns 10,674 shares of the basic materials company’s stock worth $1,415,000 after acquiring an additional 75 shares during the last quarter. Creative Planning increased its holdings in Praxair by 4.8% in the second quarter. Creative Planning now owns 23,276 shares of the basic materials company’s stock valued at $3,085,000 after buying an additional 1,072 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Praxair by 10.9% in the second quarter. State of Alaska Department of Revenue now owns 1,838 shares of the basic materials company’s stock valued at $243,000 after buying an additional 180 shares during the last quarter. National Pension Service increased its holdings in Praxair by 10.7% in the second quarter. National Pension Service now owns 245,513 shares of the basic materials company’s stock valued at $32,327,000 after buying an additional 23,801 shares during the last quarter. Finally, Somerset Trust Co increased its holdings in Praxair by 2.8% in the second quarter. Somerset Trust Co now owns 10,199 shares of the basic materials company’s stock valued at $1,351,000 after buying an additional 280 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

Shares of Praxair, Inc. (PX) traded up $1.49 during mid-day trading on Tuesday, reaching $153.36. The company’s stock had a trading volume of 2,301,300 shares, compared to its average volume of 1,337,497. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. Praxair, Inc. has a 12 month low of $115.00 and a 12 month high of $156.40. The firm has a market capitalization of $43,910.00, a P/E ratio of 26.46, a P/E/G ratio of 2.26 and a beta of 1.00.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be paid a $0.7875 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a yield of 2.05%. Praxair’s payout ratio is currently 56.05%.

Several analysts recently weighed in on PX shares. UBS boosted their price objective on Praxair from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Praxair in a report on Sunday, September 3rd. Citigroup raised Praxair from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $137.00 to $168.00 in a report on Monday, October 30th. Susquehanna Bancshares raised Praxair from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $131.00 to $155.00 in a report on Thursday, September 7th. Finally, Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $154.31.

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair 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 transaction, the director now directly owns 16,697 shares in the company, valued at $1,957,890.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

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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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