Bank of Montreal Can Has $97.13 Million Holdings in Praxair, Inc. (PX)

Bank of Montreal Can grew its position in shares of Praxair, Inc. (NYSE:PX) by 62.4% during the 4th quarter, Holdings Channel reports. The firm owned 627,945 shares of the basic materials company’s stock after purchasing an additional 241,365 shares during the quarter. Bank of Montreal Can’s holdings in Praxair were worth $97,130,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. lifted its holdings in shares of Praxair by 0.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 13 shares during the period. Elkhorn Investments LLC lifted its holdings in shares of Praxair by 0.3% during the 2nd quarter. Elkhorn Investments LLC now owns 9,265 shares of the basic materials company’s stock worth $1,206,000 after acquiring an additional 31 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in shares of Praxair by 1.3% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 4,576 shares of the basic materials company’s stock worth $607,000 after acquiring an additional 58 shares during the period. Laurel Wealth Advisors Inc. lifted its holdings in shares of Praxair by 2.2% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,398 shares of the basic materials company’s stock worth $450,000 after acquiring an additional 74 shares during the period. Finally, FTB Advisors Inc. lifted its holdings in shares of Praxair by 2.8% during the 2nd quarter. FTB Advisors Inc. now owns 2,910 shares of the basic materials company’s stock worth $385,000 after acquiring an additional 79 shares during the period. 85.51% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Praxair from a “hold” rating to a “sell” rating in a report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and set a $162.00 price objective on shares of Praxair in a report on Friday, October 27th. Citigroup upgraded shares of Praxair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $137.00 to $168.00 in a report on Monday, October 30th. Deutsche Bank upgraded shares of Praxair from a “hold” rating to a “buy” rating and increased their price objective for the stock from $155.00 to $175.00 in a report on Tuesday, December 19th. Finally, UBS Group increased their price objective on shares of Praxair to $176.00 and gave the stock a “buy” rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.86.

In related news, Director Raymond W. Leboeuf sold 6,550 shares of the firm’s 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 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 available at this link. Company insiders own 0.23% of the company’s stock.

Praxair, Inc. (NYSE:PX) opened at $163.46 on Thursday. Praxair, Inc. has a 1-year low of $115.53 and a 1-year high of $166.08. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91. The company has a market cap of $46,800.00, a P/E ratio of 29.09, a P/E/G ratio of 2.26 and a beta of 1.00.

Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, beating 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 firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm posted $1.41 earnings per share. Praxair’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts expect that Praxair, Inc. will post 5.81 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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