Praxair, Inc. (PX) Stake Decreased by Dean Investment Associates LLC

Dean Investment Associates LLC cut its stake in shares of Praxair, Inc. (NYSE:PX) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,227 shares of the basic materials company’s stock after selling 2,476 shares during the period. Dean Investment Associates LLC’s holdings in Praxair were worth $5,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PX. State Street Corp increased its position in shares of Praxair by 3.9% in the fourth quarter. State Street Corp now owns 13,745,641 shares of the basic materials company’s stock valued at $1,610,853,000 after buying an additional 513,906 shares during the period. Aviva PLC increased its position in shares of Praxair by 6.3% in the fourth quarter. Aviva PLC now owns 186,563 shares of the basic materials company’s stock valued at $21,875,000 after buying an additional 10,987 shares during the period. Cribstone Capital Management LLC increased its position in shares of Praxair by 49.3% in the first quarter. Cribstone Capital Management LLC now owns 2,360 shares of the basic materials company’s stock valued at $280,000 after buying an additional 779 shares during the period. Searle & CO. purchased a new position in shares of Praxair during the fourth quarter valued at $250,000. Finally, Benin Management CORP increased its position in shares of Praxair by 33.9% in the first quarter. Benin Management CORP now owns 10,570 shares of the basic materials company’s stock valued at $1,254,000 after buying an additional 2,675 shares during the period. Institutional investors and hedge funds own 85.88% of the company’s stock.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Praxair, Inc. (NYSE PX) opened at 136.46 on Tuesday. The company has a market capitalization of $38.94 billion, a P/E ratio of 25.65 and a beta of 0.94. Praxair, Inc. has a 1-year low of $106.31 and a 1-year high of $138.69. The firm’s 50-day moving average is $131.38 and its 200-day moving average is $121.92.

Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.04. Praxair had a return on equity of 28.42% and a net margin of 14.26%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the business posted $1.28 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts predict that Praxair, Inc. will post $5.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, June 7th were issued a $0.7875 dividend. The ex-dividend date was Monday, June 5th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.31%. Praxair’s dividend payout ratio is 59.10%.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2654797/praxair-inc-px-stake-decreased-by-dean-investment-associates-llc.html.

Several research analysts have recently weighed in on PX shares. Barclays PLC upped their target price on shares of Praxair from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Deutsche Bank AG restated a “hold” rating on shares of Praxair in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Praxair from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Bank of America Corporation upgraded shares of Praxair from a “neutral” rating to a “buy” rating and upped their target price for the company from $140.00 to $150.00 in a research note on Wednesday, June 7th. Finally, Vertical Research upgraded shares of Praxair to a “hold” rating and upped their target price for the company from $123.00 to $127.00 in a research note on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Praxair currently has an average rating of “Hold” and an average target price of $130.77.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding PX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Praxair, Inc. (NYSE:PX).

Receive News & Ratings for Praxair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.