Investors purchased shares of Praxair, Inc. (NYSE:PX) on weakness during trading on Tuesday. $65.71 million flowed into the stock on the tick-up and $37.16 million flowed out of the stock on the tick-down, for a money net flow of $28.55 million into the stock. Of all stocks tracked, Praxair had the 19th highest net in-flow for the day. Praxair traded down ($0.92) for the day and closed at $151.34
Several equities analysts have recently issued reports on PX shares. UBS raised their price target on shares of Praxair from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Praxair in a research note on Sunday, September 3rd. Citigroup raised shares of Praxair from a “neutral” rating to a “buy” rating and raised their price target for the company from $137.00 to $168.00 in a research note on Monday, October 30th. Susquehanna Bancshares raised shares of Praxair from a “neutral” rating to a “positive” rating and raised their price target for the company from $131.00 to $155.00 in a research note on Thursday, September 7th. Finally, Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $156.15.
The company has a market capitalization of $43,310.00, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. 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 announced its earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the firm earned $1.41 earnings per share. Praxair’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts predict that Praxair, Inc. will post 5.81 EPS for the current year.
The company 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 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s dividend payout ratio is presently 56.05%.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction 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 completion of the transaction, the director now owns 16,697 shares of the company’s stock, valued at $1,957,890.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of PX. Parallel Advisors LLC grew its holdings in Praxair by 19.1% in the second quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 123 shares during the period. Kistler Tiffany Companies LLC grew its holdings in Praxair by 149.8% in the third quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 430 shares during the period. BB&T Investment Services Inc. acquired a new position in shares of Praxair during the second quarter valued at about $106,000. Tortoise Investment Management LLC grew its holdings in shares of Praxair by 3.9% during the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock valued at $110,000 after buying an additional 31 shares during the last quarter. Finally, Pacific Center for Financial Services grew its holdings in shares of Praxair by 65.7% during the second quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock valued at $119,000 after buying an additional 356 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.
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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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