M&T Bank Corp boosted its stake in shares of Praxair, Inc. (NYSE:PX) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,369 shares of the basic materials company’s stock after purchasing an additional 872 shares during the period. M&T Bank Corp’s holdings in Praxair were worth $9,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. lifted its position in 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 purchasing an additional 2,489 shares in the last quarter. Atlantic Trust Group LLC lifted its position in shares of Praxair by 1.4% in 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. lifted its position in shares of Praxair by 14.8% in 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 lifted its position in shares of Praxair by 81.9% in 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 lifted its position in shares of Praxair by 2.7% in 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. Institutional investors own 84.86% of the company’s stock.

Shares of Praxair, Inc. (PX) opened at $149.48 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.99 and a quick ratio of 0.81. The company has a market capitalization of $42,796.91, a PE ratio of 25.55, a P/E/G ratio of 1.95 and a beta of 1.03. Praxair, Inc. has a 52-week low of $115.67 and a 52-week high of $166.95.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, March 7th will be given 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 dividend yield of 2.21%. The ex-dividend date is Tuesday, March 6th. Praxair’s payout ratio is currently 72.92%.

Several equities analysts have recently commented on the company. TheStreet downgraded Praxair from an “a-” rating to a “c+” rating in a research report on Thursday, January 25th. Seaport Global Securities restated a “hold” rating and issued a $165.00 price objective on shares of Praxair in a research report on Wednesday, January 31st. Citigroup restated a “buy” rating and issued a $188.00 price objective on shares of Praxair in a research report on Friday, January 26th. Barclays boosted their price objective on Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Finally, SunTrust Banks boosted their price objective on Praxair to $185.00 and gave the company a “buy” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.47.

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Praxair Profile

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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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