Praxair, Inc. (PX) Shares Sold by Whittier Trust Co.
Whittier Trust Co. trimmed its holdings in Praxair, Inc. (NYSE:PX) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,773 shares of the basic materials company’s stock after selling 6,454 shares during the period. Whittier Trust Co.’s holdings in Praxair were worth $15,278,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Bessemer Group Inc. grew its stake in Praxair by 6.9% in the fourth quarter. Bessemer Group Inc. now owns 5,489 shares of the basic materials company’s stock valued at $849,000 after acquiring an additional 352 shares during the period. Advisor Partners LLC grew its stake in Praxair by 6.5% in the fourth quarter. Advisor Partners LLC now owns 5,839 shares of the basic materials company’s stock valued at $945,000 after acquiring an additional 357 shares during the period. Pennsylvania Trust Co grew its stake in Praxair by 1.6% in the fourth quarter. Pennsylvania Trust Co now owns 23,225 shares of the basic materials company’s stock valued at $3,592,000 after acquiring an additional 363 shares during the period. Guyasuta Investment Advisors Inc. boosted its position in shares of Praxair by 0.3% during the third quarter. Guyasuta Investment Advisors Inc. now owns 131,701 shares of the basic materials company’s stock worth $18,404,000 after buying an additional 367 shares during the period. Finally, Nippon Life Insurance Co. boosted its position in shares of Praxair by 2.5% during the third quarter. Nippon Life Insurance Co. now owns 15,109 shares of the basic materials company’s stock worth $2,111,000 after buying an additional 369 shares during the period. 85.60% of the stock is owned by hedge funds and other institutional investors.
PX has been the subject of several recent research reports. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Thursday, January 11th. Seaport Global Securities reaffirmed a “hold” rating and set a $165.00 price objective on shares of Praxair in a research report on Wednesday, January 31st. Jefferies Group reaffirmed a “buy” rating and set a $162.00 price objective on shares of Praxair in a research report on Thursday, October 19th. JPMorgan Chase & Co. upped their price objective on Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. Finally, UBS Group cut Praxair from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Praxair has an average rating of “Buy” and an average price target of $163.47.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, March 7th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, March 6th. This is a positive change from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio is presently 72.92%.
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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.
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