Firsthand Capital Management Inc. purchased a new stake in shares of Praxair, Inc. (NYSE:PX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,400 shares of the basic materials company’s stock, valued at approximately $217,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Praxair during the fourth quarter valued at about $128,000. Accident Compensation Corp acquired a new position in shares of Praxair in the third quarter valued at approximately $140,000. San Francisco Sentry Investment Group CA grew its holdings in shares of Praxair by 2,171.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock valued at $143,000 after purchasing an additional 977 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Praxair in the third quarter valued at approximately $169,000. Finally, Taylor Hoffman Wealth Management acquired a new position in shares of Praxair in the fourth quarter valued at approximately $194,000. Institutional investors and hedge funds own 84.93% of the company’s stock.
Praxair, Inc. (NYSE:PX) opened at $155.62 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 1.20. Praxair, Inc. has a twelve month low of $115.67 and a twelve month high of $166.95. The company has a market cap of $44,554.83, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03.
PX has been the subject of a number of research reports. Susquehanna Bancshares lifted their price objective 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 lifted their price objective for the company from $155.00 to $175.00 in a report on Tuesday, December 19th. UBS Group lifted their price objective 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 price objective on shares of Praxair and gave the company a “buy” rating in a report on Monday, December 11th. Finally, Zacks Investment Research upgraded shares of 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. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $167.50.
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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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