Praxair (PX) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of Praxair (NYSE:PX) by 78.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 5,321 shares of the basic materials company’s stock after acquiring an additional 2,332 shares during the quarter. D.A. Davidson & CO.’s holdings in Praxair were worth $768,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Greenleaf Trust lifted its position in Praxair by 4.5% during the 4th quarter. Greenleaf Trust now owns 8,194 shares of the basic materials company’s stock worth $1,267,000 after acquiring an additional 351 shares during the period. Bessemer Group Inc. lifted its position in Praxair by 6.9% during the 4th quarter. Bessemer Group Inc. now owns 5,489 shares of the basic materials company’s stock worth $849,000 after acquiring an additional 352 shares during the period. Advisor Partners LLC lifted its position in Praxair by 6.5% during the 4th quarter. Advisor Partners LLC now owns 5,839 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 357 shares during the period. Pennsylvania Trust Co lifted its position in Praxair by 1.6% during the 4th quarter. Pennsylvania Trust Co now owns 23,225 shares of the basic materials company’s stock worth $3,592,000 after acquiring an additional 363 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Praxair by 0.9% during the 4th quarter. Jones Financial Companies Lllp now owns 43,663 shares of the basic materials company’s stock worth $6,754,000 after acquiring an additional 371 shares during the period. 86.49% of the stock is owned by institutional investors.

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A number of brokerages have commented on PX. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a research report on Monday, April 30th. Citigroup lifted their price target on Praxair from $163.00 to $177.00 and gave the stock a “buy” rating in a research report on Monday, April 30th. TheStreet raised Praxair from a “c+” rating to an “a-” rating in a research report on Thursday, April 26th. JPMorgan Chase reaffirmed a “buy” rating and set a $179.00 price target on shares of Praxair in a research report on Friday, April 27th. Finally, ValuEngine raised Praxair from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $166.27.

Shares of Praxair opened at $159.00 on Thursday, MarketBeat reports. The stock has a market capitalization of $45.50 billion, a PE ratio of 27.18, a P/E/G ratio of 2.05 and a beta of 1.07. The company has a quick ratio of 0.77, a current ratio of 0.94 and a debt-to-equity ratio of 1.07. Praxair has a 52-week low of $158.29 and a 52-week high of $159.81.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, June 7th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, June 6th. This represents a $3.30 annualized dividend and a dividend yield of 2.08%. Praxair’s dividend payout ratio (DPR) is presently 56.41%.

Praxair Company Profile

Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)