Bartlett & Co. LLC raised its stake in Praxair Inc. (NYSE:PX) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,907 shares of the company’s stock after buying an additional 23 shares during the period. Bartlett & Co. LLC’s holdings in Praxair were worth $8,756,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of PX. Pioneer Investment Management Inc. increased its stake in shares of Praxair by 30.9% in the fourth quarter. Pioneer Investment Management Inc. now owns 14,922 shares of the company’s stock worth $1,528,000 after buying an additional 3,519 shares during the last quarter. Meristem LLP increased its stake in shares of Praxair by 7.8% in the first quarter. Meristem LLP now owns 2,206 shares of the company’s stock worth $252,000 after buying an additional 160 shares during the last quarter. Sii Investments Inc. WI purchased a new stake in shares of Praxair during the first quarter worth about $785,000. Aperio Group LLC increased its stake in shares of Praxair by 4.4% in the first quarter. Aperio Group LLC now owns 119,779 shares of the company’s stock worth $13,709,000 after buying an additional 5,093 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Praxair during the first quarter worth about $713,000. 83.78% of the stock is owned by institutional investors.
Praxair Inc. (NYSE:PX) traded up 0.49% during mid-day trading on Tuesday, reaching $117.00. 965,384 shares of the company’s stock traded hands. The company has a market cap of $33.37 billion, a P/E ratio of 21.30 and a beta of 0.90. Praxair Inc. has a 12-month low of $95.60 and a 12-month high of $125.00. The stock has a 50 day moving average of $119.71 and a 200 day moving average of $115.44.
Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.03. The business earned $2.70 billion during the quarter, compared to analyst estimates of $2.60 billion. Praxair had a net margin of 15.09% and a return on equity of 31.66%. Praxair’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. On average, equities research analysts predict that Praxair Inc. will post $5.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 8th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, September 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.56%. Praxair’s dividend payout ratio is presently 54.55%.
PX has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Praxair in a research report on Tuesday, August 16th. TheStreet raised shares of Praxair from a “hold” rating to a “buy” rating in a research report on Monday, August 29th. Zacks Investment Research raised shares of Praxair from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Morgan Stanley started coverage on shares of Praxair in a research note on Tuesday, September 13th. They issued an “equal weight” rating and a $125.00 target price on the stock. Finally, Citigroup Inc. boosted their target price on shares of Praxair from $120.00 to $123.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $118.57.
Praxair Company Profile
Praxair, Inc is an industrial gas supplier in North and South America, Asia and Europe. 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, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.
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