Lau Associates LLC purchased a new position in shares of Praxair, Inc. (NYSE:PX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,436 shares of the basic materials company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank N A MO grew its position in Praxair by 220.6% during the 4th quarter. UMB Bank N A MO now owns 74,568 shares of the basic materials company’s stock worth $11,534,000 after purchasing an additional 51,306 shares during the period. Steward Partners Investment Advisory LLC grew its position in Praxair by 13.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,434 shares of the basic materials company’s stock worth $995,000 after purchasing an additional 765 shares during the period. GW&K Investment Management LLC acquired a new stake in Praxair during the 4th quarter worth about $12,839,000. TRUE Private Wealth Advisors acquired a new stake in Praxair during the 4th quarter worth about $228,000. Finally, State of Alaska Department of Revenue grew its position in Praxair by 399.5% during the 4th quarter. State of Alaska Department of Revenue now owns 35,657 shares of the basic materials company’s stock worth $5,513,000 after purchasing an additional 28,519 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Shares of Praxair, Inc. (NYSE:PX) traded down $1.26 during trading on Tuesday, reaching $160.62. 1,523,400 shares of the company were exchanged, compared to its average volume of 1,922,757. The stock has a market cap of $45,580.00, a price-to-earnings ratio of 28.58, a PEG ratio of 2.22 and a beta of 1.00. Praxair, Inc. has a 1 year low of $115.53 and a 1 year high of $166.08. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91.

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

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

A number of equities research analysts have recently commented on PX shares. Susquehanna Bancshares raised their target price on Praxair from $155.00 to $175.00 in a research report on Tuesday, November 7th. Deutsche Bank upgraded Praxair from a “hold” rating to a “buy” rating and raised their target price for the company from $155.00 to $175.00 in a research report on Tuesday, December 19th. UBS Group raised their target price on Praxair to $176.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Jefferies Group set a $186.00 target price on Praxair and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, Argus upgraded Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $159.86.

COPYRIGHT VIOLATION NOTICE: “Lau Associates LLC Purchases New Stake in Praxair, Inc. (PX)” was reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/01/23/lau-associates-llc-purchases-new-stake-in-praxair-inc-px.html.

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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Receive News & Ratings for Praxair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair and related companies with MarketBeat.com's FREE daily email newsletter.