Investors bought shares of Praxair, Inc. (NYSE:PX) on weakness during trading hours on Tuesday. $75.88 million flowed into the stock on the tick-up and $47.89 million flowed out of the stock on the tick-down, for a money net flow of $27.99 million into the stock. Of all companies tracked, Praxair had the 19th highest net in-flow for the day. Praxair traded down ($1.39) for the day and closed at $159.23

PX has been the subject of several recent analyst reports. Susquehanna Bancshares boosted their price objective on shares of Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Deutsche Bank upgraded shares of Praxair from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $155.00 to $175.00 in a research note on Tuesday, December 19th. UBS Group boosted their price objective on shares of Praxair to $176.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Jefferies Group set a $186.00 price objective on shares of Praxair and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Argus upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Praxair presently has a consensus rating of “Buy” and a consensus price target of $159.86.

The company has a market cap of $45,590.00, a PE ratio of 28.33, a price-to-earnings-growth ratio of 2.22 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 released its earnings results 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 company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. Praxair’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 EPS. research analysts expect that Praxair, Inc. will post 5.81 EPS for the current year.

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total transaction of $768,053.00. Following the sale, the director now owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of Praxair by 1.0% in the 3rd 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 during the last quarter. Atlantic Trust Group LLC boosted its holdings in shares of Praxair by 1.4% in the 3rd 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 during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Praxair by 14.8% in the 3rd 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 during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Praxair by 81.9% in the 3rd 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 during the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of Praxair by 2.7% in the 3rd 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 during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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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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