Praxair, Inc. (NYSE:PX) announced a quarterly dividend on Thursday, January 25th, RTT News reports. Investors of record on Wednesday, March 7th will be paid a dividend of 0.825 per share by the basic materials company on Thursday, March 15th. This represents a $3.30 annualized dividend and a yield of 2.00%. This is a positive change from Praxair’s previous quarterly dividend of $0.79.

Praxair has raised its dividend by an average of 6.6% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Praxair has a payout ratio of 54.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Praxair to earn $6.31 per share next year, which means the company should continue to be able to cover its $3.15 annual dividend with an expected future payout ratio of 49.9%.

Shares of Praxair (PX) traded up $4.44 during trading on Thursday, reaching $165.31. The company had a trading volume of 1,340,664 shares, compared to its average volume of 2,024,675. The stock has a market cap of $47,360.00, a P/E ratio of 29.41, a P/E/G ratio of 2.18 and a beta of 1.00. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. Praxair has a 1 year low of $115.53 and a 1 year high of $166.08.

Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.06. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.41 EPS. research analysts forecast that Praxair will post 5.81 earnings per share for the current year.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the transaction, the director now owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

A number of research firms have recently weighed in on PX. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research note on Thursday, January 11th. Jefferies Group reaffirmed a “buy” rating and set a $162.00 price target on shares of Praxair in a research note on Thursday, October 19th. JPMorgan Chase & Co. raised their price target on Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th. UBS Group downgraded Praxair from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday. Finally, Barclays raised their price target on Praxair from $140.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $159.57.

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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.

Dividend History for Praxair (NYSE:PX)

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