Baird Financial Group Inc. Has $9.80 Million Stake in Praxair, Inc. (PX)

Baird Financial Group Inc. lifted its stake in shares of Praxair, Inc. (NYSE:PX) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,325 shares of the basic materials company’s stock after buying an additional 10,016 shares during the quarter. Baird Financial Group Inc.’s holdings in Praxair were worth $9,795,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in Praxair in the fourth quarter valued at approximately $128,000. Accident Compensation Corp acquired a new position in Praxair in the third quarter valued at approximately $140,000. San Francisco Sentry Investment Group CA boosted its holdings in Praxair by 2,171.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock valued at $143,000 after purchasing an additional 977 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Praxair in the third quarter valued at approximately $169,000. Finally, Taylor Hoffman Wealth Management acquired a new position in Praxair in the fourth quarter valued at approximately $194,000. 84.93% of the stock is owned by institutional investors and hedge funds.

Shares of Praxair, Inc. (NYSE PX) opened at $155.62 on Friday. The firm has a market capitalization of $43,996.54, a P/E ratio of 36.02, a PEG ratio of 2.00 and a beta of 1.03. Praxair, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $166.95. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 1.20.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be issued a $0.825 dividend. This is an increase from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, March 6th. Praxair’s dividend payout ratio is presently 72.92%.

PX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, November 17th. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a report on Monday, November 6th. Deutsche Bank raised Praxair from a “hold” rating to a “buy” rating and upped their price target for the company from $155.00 to $175.00 in a report on Tuesday, December 19th. Jefferies Group set a $186.00 price target on Praxair and gave the company a “buy” rating in a report on Monday, December 11th. Finally, Argus raised Praxair from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Monday, November 13th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus 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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