Norinchukin Bank The lessened its stake in Praxair, Inc. (NYSE:PX) by 16.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,597 shares of the basic materials company’s stock after selling 12,246 shares during the quarter. Norinchukin Bank The’s holdings in Praxair were worth $8,467,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Kistler Tiffany Companies LLC lifted its holdings in Praxair by 149.8% during the third quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 430 shares during the period. Parallel Advisors LLC lifted its holdings in Praxair by 19.1% during the second quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 123 shares during the period. BB&T Investment Services Inc. bought a new stake in Praxair during the second quarter worth $106,000. Tortoise Investment Management LLC lifted its holdings in Praxair by 3.9% during the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 31 shares during the period. Finally, Pacific Center for Financial Services lifted its holdings in Praxair by 65.7% during the second quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 356 shares during the period. Institutional investors own 84.82% 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 stock was sold at an average price of $117.26, for a total value of $768,053.00. Following the sale, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.
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Praxair, Inc. (NYSE PX) traded down $0.11 on Wednesday, reaching $151.24. The company’s stock had a trading volume of 816,779 shares, compared to its average volume of 1,313,524. The company has a market cap of $43,194.88, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. 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, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $152.28.
Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. Praxair’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 EPS. analysts anticipate that Praxair, Inc. will post 5.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be issued a dividend of $0.7875 per share. The ex-dividend date is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.08%. Praxair’s dividend payout ratio (DPR) is 56.05%.
Several brokerages have recently weighed in on PX. Susquehanna Bancshares Inc lifted their price target on Praxair from $155.00 to $175.00 in a research report on Tuesday, November 7th. Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 price target on shares of Praxair in a research report on Thursday, October 19th. Zacks Investment Research upgraded Praxair from a “sell” rating to a “buy” rating and set a $148.00 price target for the company in a research report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $162.00 price target on shares of Praxair in a research report on Friday, October 27th. Finally, UBS AG lifted their price target on Praxair from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $151.36.
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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