Benin Management CORP Sells 2,325 Shares of Praxair, Inc. (PX)

Benin Management CORP trimmed its holdings in shares of Praxair, Inc. (NYSE:PX) by 27.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,170 shares of the basic materials company’s stock after selling 2,325 shares during the period. Benin Management CORP’s holdings in Praxair were worth $954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. lifted its holdings 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 during the last quarter. Atlantic Trust Group LLC lifted its holdings 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 during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings 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 during the last quarter. SG Americas Securities LLC lifted its holdings 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 during the last quarter. Finally, Stephens Inc. AR lifted its holdings 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 during the last quarter. 85.51% of the stock is owned by institutional investors.

Shares of Praxair, Inc. (PX) traded up $1.36 during mid-day trading on Thursday, reaching $163.46. The company had a trading volume of 1,751,800 shares, compared to its average volume of 1,997,236. The firm has a market cap of $46,780.00, a PE ratio of 29.09, a PEG ratio of 2.23 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 (EPS) for the quarter, beating the Thomson Reuters’ 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 firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 EPS. equities research analysts predict that Praxair, Inc. will post 5.81 earnings per share for the current year.

In related news, Director Raymond W. Leboeuf sold 6,550 shares of the business’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 transaction, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

PX has been the topic of a number of research analyst reports. Susquehanna Bancshares lifted 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 lifted their target price for the stock from $155.00 to $175.00 in a research report on Tuesday, December 19th. UBS Group lifted their target price on Praxair to $176.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Jefferies Group set a $186.00 target price on Praxair and gave the stock 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $159.86.

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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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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