Advisory Services Network LLC increased its holdings in Praxair, Inc. (NYSE:PX) by 221.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,304 shares of the basic materials company’s stock after buying an additional 9,170 shares during the quarter. Advisory Services Network LLC’s holdings in Praxair were worth $2,058,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Chevy Chase Trust Holdings Inc. grew its stake in shares of Praxair by 1.0% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 256,321 shares of the basic materials company’s stock worth $35,818,000 after purchasing an additional 2,489 shares during the period. Atlantic Trust Group LLC grew its stake in shares of Praxair by 1.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock worth $127,300,000 after purchasing an additional 12,173 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Praxair by 14.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after purchasing an additional 962 shares during the period. SG Americas Securities LLC grew its stake in shares of Praxair by 81.9% during the 3rd quarter. SG Americas Securities LLC now owns 47,375 shares of the basic materials company’s stock worth $6,620,000 after purchasing an additional 21,333 shares during the period. Finally, Stephens Inc. AR grew its stake in shares of Praxair by 2.7% during the 3rd quarter. Stephens Inc. AR now owns 35,608 shares of the basic materials company’s stock worth $4,976,000 after purchasing an additional 949 shares during the period. Institutional investors own 84.86% of the company’s stock.

A number of equities research analysts have recently commented on PX shares. UBS Group raised their price objective on shares of Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of Praxair from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Citigroup raised shares of Praxair from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $137.00 to $168.00 in a research note on Monday, October 30th. Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $175.00 in a research note on Tuesday, December 19th. Finally, Argus raised shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research note on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $167.50.

Shares of Praxair, Inc. (NYSE:PX) opened at $155.07 on Thursday. Praxair, Inc. has a one year low of $115.67 and a one year high of $166.95. The stock has a market cap of $44,042.34, a price-to-earnings ratio of 26.30, a P/E/G ratio of 2.01 and a beta of 1.03. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 1.20.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, March 7th will be paid a $0.825 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a yield of 2.13%. This is a boost from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio (DPR) is currently 72.92%.

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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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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