California State Teachers Retirement System reduced its position in shares of Praxair, Inc. (NYSE:PX) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 471,305 shares of the basic materials company’s stock after selling 42,345 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Praxair worth $65,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Egerton Capital UK LLP increased its stake in Praxair by 16.7% during the 2nd quarter. Egerton Capital UK LLP now owns 2,729,517 shares of the basic materials company’s stock worth $361,797,000 after purchasing an additional 391,430 shares in the last quarter. Markel Corp increased its stake in Praxair by 21.2% during the 2nd quarter. Markel Corp now owns 74,400 shares of the basic materials company’s stock worth $9,862,000 after purchasing an additional 13,000 shares in the last quarter. Enterprise Financial Services Corp increased its stake in Praxair by 138.0% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,835 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 1,064 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Praxair by 1.9% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 15,466 shares of the basic materials company’s stock worth $2,050,000 after purchasing an additional 287 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in Praxair by 343.4% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 25,484 shares of the basic materials company’s stock worth $3,378,000 after purchasing an additional 19,737 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

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

PX has been the subject of a number of research reports. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. KeyCorp reaffirmed a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. UBS raised Praxair from a “neutral” rating to a “positive” rating in a research report on Thursday, September 7th. Susquehanna Bancshares raised Praxair from a “neutral” rating to a “positive” rating and upped their price target for the stock from $131.00 to $155.00 in a research report on Thursday, September 7th. Finally, Jefferies Group reissued a “buy” rating and issued a $162.00 price objective on shares of Praxair in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Praxair presently has a consensus rating of “Hold” and an average target price of $156.15.

Praxair, Inc. (PX) traded down $0.07 during mid-day trading on Thursday, reaching $151.27. The company’s stock had a trading volume of 1,183,600 shares, compared to its average volume of 1,346,828. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. The company has a market cap of $43,310.00, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. Praxair, Inc. has a 1 year low of $115.00 and a 1 year high of $156.40.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, December 6th. Praxair’s payout ratio is currently 56.05%.

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Praxair Company 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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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