Beck Mack & Oliver LLC increased its position in shares of Praxair Inc. (NYSE:PX) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,702 shares of the company’s stock after buying an additional 300 shares during the period. Beck Mack & Oliver LLC’s holdings in Praxair were worth $3,338,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC boosted its position in shares of Praxair by 0.4% in the second quarter. Joel Isaacson & Co. LLC now owns 2,015 shares of the company’s stock worth $226,000 after buying an additional 8 shares during the period. Quadrant Capital Group LLC boosted its position in Praxair by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,168 shares of the company’s stock valued at $126,000 after buying an additional 11 shares during the period. Capital Management Corp VA boosted its position in Praxair by 0.7% in the second quarter. Capital Management Corp VA now owns 1,815 shares of the company’s stock valued at $204,000 after buying an additional 12 shares during the period. Park National Corp OH boosted its position in Praxair by 0.3% in the second quarter. Park National Corp OH now owns 4,562 shares of the company’s stock valued at $513,000 after buying an additional 15 shares during the period. Finally, MAI Capital Management boosted its position in Praxair by 0.5% in the second quarter. MAI Capital Management now owns 3,022 shares of the company’s stock valued at $340,000 after buying an additional 16 shares during the period. 83.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Praxair Inc. (NYSE:PX) traded up 0.33% during trading on Friday, reaching $117.49. 203,290 shares of the company’s stock were exchanged. The company’s 50-day moving average is $119.48 and its 200 day moving average is $116.03. Praxair Inc. has a 52 week low of $95.60 and a 52 week high of $125.00. The stock has a market capitalization of $33.51 billion, a PE ratio of 21.39 and a beta of 0.93.
Praxair (NYSE:PX) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.03. Praxair had a net margin of 15.09% and a return on equity of 31.66%. The company earned $2.70 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company earned $1.45 earnings per share. Praxair’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts forecast that Praxair Inc. will post $5.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 8th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.56%. The ex-dividend date was Tuesday, September 6th. Praxair’s dividend payout ratio (DPR) is 54.55%.
PX has been the subject of several analyst reports. TheStreet upgraded shares of Praxair from a “hold” rating to a “buy” rating in a report on Monday, August 29th. Zacks Investment Research cut shares of Praxair from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Jefferies Group reiterated a “buy” rating and set a $140.00 price target on shares of Praxair in a report on Friday, September 30th. Morgan Stanley initiated coverage on shares of Praxair in a report on Tuesday, September 13th. They set an “equal weight” rating and a $125.00 price target for the company. Finally, Barclays PLC boosted their price target on shares of Praxair from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $118.57.
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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