Praxair, Inc. (PX) Shares Bought by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp raised its stake in Praxair, Inc. (NYSE:PX) by 2.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 47,181 shares of the company’s stock after buying an additional 1,271 shares during the period. MUFG Americas Holdings Corp’s holdings in Praxair were worth $5,529,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. First Command Bank acquired a new position in Praxair during the fourth quarter valued at $104,000. Cornerstone Advisors Inc. boosted its position in Praxair by 761.9% in the third quarter. Cornerstone Advisors Inc. now owns 974 shares of the company’s stock valued at $118,000 after buying an additional 861 shares in the last quarter. TLP Group LLC acquired a new position in Praxair during the third quarter valued at $131,000. Mosaic Family Wealth LLC boosted its position in Praxair by 11.5% in the third quarter. Mosaic Family Wealth LLC now owns 1,196 shares of the company’s stock valued at $144,000 after buying an additional 123 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its position in Praxair by 505.3% in the third quarter. NEXT Financial Group Inc now owns 1,368 shares of the company’s stock valued at $165,000 after buying an additional 1,142 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Shares of Praxair, Inc. (NYSE:PX) traded up 0.41% on Friday, reaching $116.23. The company’s stock had a trading volume of 1,247,524 shares. The firm has a 50 day moving average of $117.24 and a 200 day moving average of $118.61. Praxair, Inc. has a 52-week low of $100.80 and a 52-week high of $125.00. The company has a market cap of $33.21 billion, a PE ratio of 22.31 and a beta of 0.98.

Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, January 26th. The company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. Praxair had a net margin of 14.24% and a return on equity of 28.75%. The company earned $2.60 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts predict that Praxair, Inc. will post $5.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, March 7th will be given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Praxair’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 3rd. Praxair’s payout ratio is presently 57.47%.

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Several research firms have commented on PX. Seaport Global Securities cut Praxair from an “accumulate” rating to a “neutral” rating in a report on Wednesday, February 1st. Vertical Research raised Praxair from a “sell” rating to a “hold” rating and set a $120.00 price target for the company in a report on Wednesday, December 14th. J P Morgan Chase & Co raised Praxair from a “neutral” rating to an “overweight” rating and set a $125.00 price target for the company in a report on Friday, January 27th. Bank of America Corporation raised Praxair from an “underperform” rating to a “neutral” rating in a report on Friday, January 6th. Finally, Vertical Group raised Praxair from a “sell” rating to a “hold” rating in a report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $120.77.

About Praxair

Praxair, Inc is an industrial gas supplier in North and South America, Asia and Europe. 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, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

5 Day Chart for NYSE:PX

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