Capital International Inc. CA decreased its stake in Praxair, Inc. (NYSE:PX) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,500 shares of the basic materials company’s stock after selling 1,000 shares during the quarter. Capital International Inc. CA’s holdings in Praxair were worth $769,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beese Fulmer Investment Management Inc. boosted its position in Praxair by 0.8% during the second quarter. Beese Fulmer Investment Management Inc. now owns 32,779 shares of the basic materials company’s stock worth $4,345,000 after acquiring an additional 268 shares during the last quarter. CENTRAL TRUST Co boosted its position in Praxair by 15.2% during the second quarter. CENTRAL TRUST Co now owns 8,684 shares of the basic materials company’s stock worth $1,151,000 after acquiring an additional 1,147 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its position in Praxair by 122.5% during the second quarter. Winslow Evans & Crocker Inc. now owns 7,080 shares of the basic materials company’s stock worth $912,000 after acquiring an additional 3,898 shares during the last quarter. Balasa Dinverno & Foltz LLC acquired a new position in Praxair during the second quarter worth about $211,000. Finally, Shell Asset Management Co. boosted its position in Praxair by 1.4% during the second quarter. Shell Asset Management Co. now owns 47,679 shares of the basic materials company’s stock worth $6,320,000 after acquiring an additional 639 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total transaction of $768,053.00. Following the sale, the director now directly owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is owned by corporate insiders.
A number of equities analysts recently weighed in on PX shares. UBS boosted their price target on shares of Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Praxair in a report on Sunday, September 3rd. Citigroup upgraded shares of Praxair from a “neutral” rating to a “buy” rating and boosted their target price for the company from $137.00 to $168.00 in a report on Monday, October 30th. Susquehanna Bancshares upgraded shares of Praxair from a “neutral” rating to a “positive” rating and boosted their target price for the company from $131.00 to $155.00 in a report on Thursday, September 7th. Finally, Zacks Investment Research upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Praxair currently has a consensus rating of “Hold” and an average price target of $154.31.
Praxair, Inc. (NYSE:PX) traded up $0.45 during trading on Friday, hitting $151.41. 1,419,521 shares of the stock were exchanged, compared to its average volume of 1,727,321. The stock has a market cap of $43,220.65, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.25 and a beta of 1.00. Praxair, Inc. has a twelve month low of $115.00 and a twelve month high of $156.40. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22.
Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. equities research analysts forecast that Praxair, Inc. will post 5.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s payout ratio is currently 56.05%.
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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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