UBS Group downgraded shares of Praxair (NYSE:PX) from a strong-buy rating to an outperform rating in a report published on Tuesday, The Fly reports.

A number of other brokerages have also commented 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 issued 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. 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. Finally, Argus upgraded Praxair from a hold rating to a buy rating and set a $171.00 price objective for the company in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $159.57.

Shares of Praxair (PX) opened at $163.35 on Tuesday. Praxair has a 52 week low of $115.53 and a 52 week high of $166.95. The company has a market capitalization of $46,057.88, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22.

Praxair (NYSE:PX) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. analysts expect that Praxair will post 5.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be issued a $0.825 dividend. This is an increase from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 dividend on an annualized basis and a yield of 2.02%. Praxair’s dividend payout ratio is 56.05%.

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total value of $768,053.00. Following the completion of the transaction, the director now owns 16,697 shares in the company, valued at $1,957,890.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Praxair by 1.0% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 256,321 shares of the basic materials company’s stock valued at $35,818,000 after acquiring an additional 2,489 shares in the last quarter. Atlantic Trust Group LLC increased its holdings in shares of Praxair by 1.4% during the third quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock valued at $127,300,000 after acquiring an additional 12,173 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Praxair by 14.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock valued at $1,042,000 after acquiring an additional 962 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Praxair by 81.9% during the third quarter. SG Americas Securities LLC now owns 47,375 shares of the basic materials company’s stock valued at $6,620,000 after acquiring an additional 21,333 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Praxair by 2.7% during the third quarter. Stephens Inc. AR now owns 35,608 shares of the basic materials company’s stock valued at $4,976,000 after acquiring an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Praxair (NYSE:PX)

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