Praxair, Inc. (PX) Position Held by Jacobi Capital Management LLC

Jacobi Capital Management LLC continued to hold its stake in shares of Praxair, Inc. (NYSE:PX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779 shares of the basic materials company’s stock at the close of the second quarter. Jacobi Capital Management LLC’s holdings in Praxair were worth $104,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. ARGI Investment Services LLC boosted its position in Praxair by 0.3% in the first quarter. ARGI Investment Services LLC now owns 2,007 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 6 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in Praxair by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,101 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 8 shares during the last quarter. Capital Management Corp VA boosted its position in Praxair by 0.6% in the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 11 shares during the last quarter. Lcnb Corp boosted its position in Praxair by 0.4% in the first quarter. Lcnb Corp now owns 3,892 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 15 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC boosted its position in Praxair by 0.5% in the first quarter. Birch Hill Investment Advisors LLC now owns 4,154 shares of the basic materials company’s stock worth $493,000 after purchasing an additional 20 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Praxair, Inc. (NYSE PX) opened at 134.82 on Wednesday. The company has a market cap of $38.56 billion, a P/E ratio of 25.25 and a beta of 0.93. Praxair, Inc. has a 52 week low of $114.43 and a 52 week high of $138.69. The company’s 50-day moving average price is $131.57 and its 200 day moving average price is $127.72.

Praxair (NYSE:PX) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Praxair, Inc. will post $5.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be paid a $0.7875 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.34%. Praxair’s payout ratio is 58.88%.

PX has been the topic of several research reports. Zacks Investment Research cut Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG reissued a “hold” rating on shares of Praxair in a research report on Friday, June 2nd. BidaskClub cut Praxair from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price objective (up previously from $140.00) on shares of Praxair in a research note on Saturday, June 3rd. Finally, Bank of America Corporation raised Praxair from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $150.00 in a research note on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Praxair has an average rating of “Hold” and an average target price of $136.82.

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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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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