Stock Yards Bank & Trust Co. Has $9.37 Million Holdings in Praxair, Inc. (PX)

Stock Yards Bank & Trust Co. decreased its holdings in shares of Praxair, Inc. (NYSE:PX) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 60,584 shares of the basic materials company’s stock after selling 2,192 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Praxair were worth $9,372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Salem Investment Counselors Inc. grew its holdings in shares of Praxair by 0.5% during the second quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock valued at $321,000 after buying an additional 13 shares during the last quarter. Elkhorn Investments LLC grew its holdings in shares of Praxair by 0.3% during the second quarter. Elkhorn Investments LLC now owns 9,265 shares of the basic materials company’s stock valued at $1,206,000 after buying an additional 31 shares during the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of Praxair by 1.3% during the second quarter. Peapack Gladstone Financial Corp now owns 4,576 shares of the basic materials company’s stock valued at $607,000 after buying an additional 58 shares during the last quarter. TCI Wealth Advisors Inc. grew its holdings in shares of Praxair by 7.0% during the second quarter. TCI Wealth Advisors Inc. now owns 916 shares of the basic materials company’s stock valued at $121,000 after buying an additional 60 shares during the last quarter. Finally, AMG Funds LLC grew its holdings in shares of Praxair by 0.3% during the second quarter. AMG Funds LLC now owns 22,721 shares of the basic materials company’s stock valued at $3,012,000 after buying an additional 72 shares during the last quarter. 85.48% of the stock is owned by institutional investors and hedge funds.

Shares of Praxair, Inc. (NYSE PX) traded up $1.14 during mid-day trading on Thursday, reaching $163.76. 1,073,161 shares of the company traded hands, compared to its average volume of 1,830,328. Praxair, Inc. has a 52 week low of $115.10 and a 52 week high of $164.49. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $46,420.00, a PE ratio of 29.14, a P/E/G ratio of 2.22 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the company posted $1.41 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. analysts predict that Praxair, Inc. will post 5.81 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, December 7th were issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, December 6th. Praxair’s dividend payout ratio is currently 56.05%.

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction that occurred 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 transaction, 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 can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.

PX has been the topic of a number of recent analyst reports. Susquehanna Bancshares increased their price target on shares of Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Deutsche Bank upgraded shares of Praxair from a “hold” rating to a “buy” rating and increased their price target for the company from $155.00 to $175.00 in a report on Tuesday, December 19th. UBS Group increased their price target on shares of Praxair to $176.00 and gave the company a “buy” rating in a report on Friday, December 15th. Jefferies Group set a $186.00 target price on shares of Praxair and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Argus upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $159.86.

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Praxair 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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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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