Enterprise Financial Services Corp cut its position in Praxair, Inc. (NYSE:PX) by 32.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,235 shares of the basic materials company’s stock after selling 600 shares during the quarter. Enterprise Financial Services Corp’s holdings in Praxair were worth $173,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. ARGI Investment Services LLC increased its holdings in shares of Praxair by 0.3% during the first quarter. ARGI Investment Services LLC now owns 2,007 shares of the basic materials company’s stock valued at $238,000 after acquiring an additional 6 shares in the last quarter. Guardian Life Insurance Co. of America increased its holdings in shares of Praxair by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,101 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 8 shares in the last quarter. Capital Management Corp VA increased its holdings in shares of Praxair by 0.6% during the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 11 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Praxair by 0.5% during the second quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock valued at $321,000 after acquiring an additional 13 shares in the last quarter. Finally, Lcnb Corp increased its holdings in shares of Praxair by 0.4% during the first quarter. Lcnb Corp now owns 3,892 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.

Shares of Praxair, Inc. (PX) traded down 0.31% during midday trading on Tuesday, reaching $147.00. The company had a trading volume of 636,095 shares. The company’s 50 day moving average price is $140.30 and its 200 day moving average price is $133.38. Praxair, Inc. has a 52-week low of $114.43 and a 52-week high of $149.91. The stock has a market capitalization of $42.05 billion, a PE ratio of 27.53 and a beta of 0.95.

Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.44 by $0.06. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that Praxair, Inc. will post $5.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be paid a $0.7875 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $3.15 annualized dividend and a dividend yield of 2.14%. Praxair’s dividend payout ratio (DPR) is currently 56.05%.

Several equities analysts have recently issued reports on PX shares. Zacks Investment Research upgraded shares of Praxair from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Susquehanna Bancshares Inc upgraded shares of Praxair from a “neutral” rating to a “positive” rating and upped their price objective for the company from $131.00 to $155.00 in a report on Thursday, September 7th. UBS AG upgraded shares of Praxair from a “neutral” rating to a “positive” rating in a report on Thursday, September 7th. Jefferies Group LLC restated a “buy” rating and set a $162.00 price objective on shares of Praxair in a report on Thursday, October 19th. Finally, BidaskClub downgraded shares of Praxair from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Praxair currently has a consensus rating of “Hold” and an average target price of $145.77.

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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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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