1,618 Shares in Praxair, Inc. (NYSE:PX) Acquired by Woodstock Corp
Woodstock Corp bought a new stake in shares of Praxair, Inc. (NYSE:PX) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,618 shares of the basic materials company’s stock, valued at approximately $214,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its stake in shares of Praxair by 16.5% in the first quarter. Carroll Financial Associates Inc. now owns 847 shares of the basic materials company’s stock valued at $100,000 after buying an additional 120 shares in the last quarter. Sandy Spring Bank raised its stake in Praxair by 31.2% in the first quarter. Sandy Spring Bank now owns 842 shares of the basic materials company’s stock valued at $100,000 after buying an additional 200 shares during the last quarter. Capital Analysts LLC raised its stake in Praxair by 6.8% in the first quarter. Capital Analysts LLC now owns 1,015 shares of the basic materials company’s stock valued at $120,000 after buying an additional 65 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake 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 valued at $131,000 after buying an additional 8 shares during the last quarter. Finally, First Command Bank raised its stake in Praxair by 12.6% in the second quarter. First Command Bank now owns 1,003 shares of the basic materials company’s stock valued at $133,000 after buying an additional 112 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Praxair, Inc. (NYSE PX) traded down 0.36% during mid-day trading on Thursday, hitting $128.40. 235,896 shares of the stock were exchanged. The stock has a market cap of $36.73 billion, a PE ratio of 24.04 and a beta of 0.93. Praxair, Inc. has a one year low of $114.43 and a one year high of $138.69. The company has a 50-day moving average of $132.75 and a 200 day moving average of $125.45.
Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.03. Praxair had a net margin of 14.10% and a return on equity of 27.93%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that Praxair, Inc. will post $5.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be given a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, September 6th. Praxair’s payout ratio is currently 58.88%.
Several equities research analysts have recently issued reports on PX shares. Barclays PLC increased their target price on shares of Praxair from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, May 1st. Deutsche Bank AG reissued a “hold” rating on shares of Praxair in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Praxair from a “sell” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Monday, July 31st. BidaskClub lowered shares of Praxair from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Bank of America Corporation raised shares of Praxair from a “neutral” rating to a “buy” rating and increased their target price for the stock from $140.00 to $150.00 in a research note on Wednesday, June 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $135.00.
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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