National Pension Service Cuts Position in Praxair, Inc. (PX)

National Pension Service reduced its stake in Praxair, Inc. (NYSE:PX) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 251,338 shares of the basic materials company’s stock after selling 4,377 shares during the quarter. National Pension Service’s holdings in Praxair were worth $38,877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. lifted its position in Praxair by 1.0% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 256,321 shares of the basic materials company’s stock worth $35,818,000 after buying an additional 2,489 shares in the last quarter. Atlantic Trust Group LLC lifted its position in Praxair by 1.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock worth $127,300,000 after buying an additional 12,173 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Praxair by 14.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after buying an additional 962 shares in the last quarter. SG Americas Securities LLC lifted its position in Praxair by 81.9% during the 3rd quarter. SG Americas Securities LLC now owns 47,375 shares of the basic materials company’s stock worth $6,620,000 after buying an additional 21,333 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in Praxair by 2.7% during the 3rd quarter. Stephens Inc. AR now owns 35,608 shares of the basic materials company’s stock worth $4,976,000 after buying an additional 949 shares in the last quarter. 85.51% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Raymond W. Leboeuf sold 6,550 shares of the company’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 owns 16,697 shares in the company, valued at approximately $1,957,890.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by corporate insiders.

Several equities research analysts have commented on PX shares. JPMorgan Chase & Co. boosted their price target on shares of Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Monday, November 6th. Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and boosted their price target for the stock from $155.00 to $175.00 in a research report on Tuesday, December 19th. 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 on the stock in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $159.86.

Praxair, Inc. (PX) opened at $163.46 on Thursday. The firm has a market cap of $46,410.09, a PE ratio of 29.09, a PEG ratio of 2.23 and a beta of 1.00. Praxair, Inc. has a 52 week low of $115.53 and a 52 week high of $166.08. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11.

Praxair (NYSE:PX) last released 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 company 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 revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 EPS. research analysts predict that Praxair, Inc. will post 5.81 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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