Stock Yards Bank & Trust Co. raised its position in shares of Praxair Inc. (NYSE:PX) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,597 shares of the company’s stock after buying an additional 744 shares during the period. Praxair comprises approximately 1.4% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 23rd largest position. Stock Yards Bank & Trust Co.’s holdings in Praxair were worth $10,343,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Joel Isaacson & Co. LLC raised its position in Praxair by 0.4% in the second quarter. Joel Isaacson & Co. LLC now owns 2,015 shares of the company’s stock valued at $226,000 after buying an additional 8 shares during the last quarter. Quadrant Capital Group LLC raised its position in Praxair by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,168 shares of the company’s stock valued at $126,000 after buying an additional 11 shares during the last quarter. Capital Management Corp VA raised its position in Praxair by 0.7% in the second quarter. Capital Management Corp VA now owns 1,815 shares of the company’s stock valued at $204,000 after buying an additional 12 shares during the last quarter. Park National Corp OH raised its position in Praxair by 0.3% in the second quarter. Park National Corp OH now owns 4,562 shares of the company’s stock valued at $513,000 after buying an additional 15 shares during the last quarter. Finally, MAI Capital Management raised its position in Praxair by 0.5% in the second quarter. MAI Capital Management now owns 3,022 shares of the company’s stock valued at $340,000 after buying an additional 16 shares during the last quarter. 81.45% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Shares of Praxair Inc. (NYSE:PX) traded down 1.21% during midday trading on Wednesday, hitting $120.70. The stock had a trading volume of 1,006,343 shares. The company’s 50 day moving average is $117.60 and its 200 day moving average is $116.55. The firm has a market cap of $34.45 billion, a P/E ratio of 22.90 and a beta of 0.95. Praxair Inc. has a 52 week low of $95.60 and a 52 week high of $125.00.

Praxair (NYSE:PX) last released its earnings results on Thursday, October 27th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.40 by $0.01. Praxair had a return on equity of 29.92% and a net margin of 14.46%. The business earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that Praxair Inc. will post $5.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, December 7th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, December 5th. This represents a $3.00 annualized dividend and a yield of 2.46%. Praxair’s dividend payout ratio is currently 56.82%.

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Several research firms have recently issued reports on PX. TheStreet upgraded Praxair from a “hold” rating to a “buy” rating in a research report on Monday, August 29th. Jefferies Group restated a “buy” rating and set a $140.00 target price on shares of Praxair in a research report on Tuesday, August 16th. Zacks Investment Research lowered Praxair from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. HSBC began coverage on Praxair in a research report on Tuesday. They set a “hold” rating and a $113.00 target price for the company. Finally, Morgan Stanley began coverage on Praxair in a research report on Tuesday, September 13th. They set an “equal weight” rating and a $125.00 target price for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $118.20.

In other Praxair news, insider Anne K. Roby sold 17,103 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $117.40, for a total value of $2,007,892.20. Following the completion of the sale, the insider now owns 19,337 shares of the company’s stock, valued at $2,270,163.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raymond W. Leboeuf sold 6,550 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $117.26, for a total value of $768,053.00. Following the completion of the sale, the director now directly owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Praxair Company Profile

Praxair, Inc is an industrial gas supplier in North and South America, Asia and Europe. 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, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

5 Day Chart for NYSE:PX

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