State of Tennessee Treasury Department Has $83.18 Million Holdings in Praxair, Inc. (PX)

State of Tennessee Treasury Department boosted its holdings in Praxair, Inc. (NYSE:PX) by 591.4% in the 4th quarter, HoldingsChannel reports. The firm owned 537,762 shares of the basic materials company’s stock after acquiring an additional 459,978 shares during the period. State of Tennessee Treasury Department’s holdings in Praxair were worth $83,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. increased its holdings in Praxair by 1.1% in the 4th quarter. BlackRock Inc. now owns 17,780,637 shares of the basic materials company’s stock valued at $2,750,308,000 after buying an additional 196,920 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in Praxair by 1.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,868,280 shares of the basic materials company’s stock valued at $683,156,000 after buying an additional 77,300 shares during the period. Egerton Capital UK LLP increased its holdings in Praxair by 24.5% in the 4th quarter. Egerton Capital UK LLP now owns 4,213,976 shares of the basic materials company’s stock valued at $651,818,000 after buying an additional 829,003 shares during the period. Capital International Investors grew its holdings in shares of Praxair by 9.6% during the 3rd quarter. Capital International Investors now owns 2,981,701 shares of the basic materials company’s stock valued at $416,663,000 after purchasing an additional 262,050 shares during the last quarter. Finally, Jensen Investment Management Inc. grew its holdings in shares of Praxair by 0.6% during the 4th quarter. Jensen Investment Management Inc. now owns 2,501,583 shares of the basic materials company’s stock valued at $386,945,000 after purchasing an additional 15,176 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

Shares of Praxair, Inc. (NYSE:PX) opened at $153.54 on Wednesday. Praxair, Inc. has a 1-year low of $115.67 and a 1-year high of $166.95. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 1.20. The firm has a market cap of $43,979.36, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.03.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Tuesday, March 6th. Praxair’s payout ratio is presently 72.92%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Praxair from a “buy” rating to a “hold” rating in a report on Monday, January 8th. SunTrust Banks reaffirmed a “buy” rating and set a $162.00 price target on shares of Praxair in a report on Friday, October 27th. Citigroup raised shares of Praxair from a “neutral” rating to a “buy” rating and lifted their price target for the company from $137.00 to $168.00 in a report on Monday, October 30th. Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and lifted their price target for the company from $155.00 to $175.00 in a report on Tuesday, December 19th. Finally, UBS Group lifted their price target on shares of Praxair to $176.00 and gave the company a “buy” rating in a report on Friday, December 15th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Praxair currently has an average rating of “Buy” and an average target price of $167.50.

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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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