Fieldpoint Private Securities LLC Has $303,000 Position in Praxair, Inc. (PX)
Fieldpoint Private Securities LLC boosted its stake in shares of Praxair, Inc. (NYSE:PX) by 139.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,166 shares of the basic materials company’s stock after buying an additional 1,261 shares during the period. Fieldpoint Private Securities LLC’s holdings in Praxair were worth $303,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Federated Investors Inc. PA increased its position in Praxair by 47.3% during the 2nd quarter. Federated Investors Inc. PA now owns 10,057 shares of the basic materials company’s stock valued at $1,333,000 after buying an additional 3,228 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Praxair in the 2nd quarter worth $1,286,000. Mosaic Family Wealth LLC increased its holdings in shares of Praxair by 6.3% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,309 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 77 shares in the last quarter. Coho Partners Ltd. increased its holdings in shares of Praxair by 776.9% in the 2nd quarter. Coho Partners Ltd. now owns 16,073 shares of the basic materials company’s stock worth $2,130,000 after purchasing an additional 14,240 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Praxair by 14.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after purchasing an additional 962 shares in the last quarter. 86.43% of the stock is owned by institutional investors.
A number of analysts have commented on PX shares. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. KeyCorp reissued a “hold” rating on shares of Praxair in a report on Sunday, September 3rd. UBS raised Praxair from a “neutral” rating to a “positive” rating in a report on Thursday, September 7th. Susquehanna Bancshares raised Praxair from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $131.00 to $155.00 in a report on Thursday, September 7th. Finally, Jefferies Group reissued a “buy” rating and issued a $162.00 target price on shares of Praxair in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Praxair presently has an average rating of “Hold” and an average price target of $156.15.
In other news, Director Raymond W. Leboeuf sold 6,550 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 16,697 shares in the company, valued at approximately $1,957,890.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.
Praxair, Inc. (NYSE PX) traded down $0.07 during mid-day trading on Thursday, hitting $151.27. The stock had a trading volume of 1,183,600 shares, compared to its average volume of 1,346,828. The stock has a market cap of $43,310.00, a P/E ratio of 26.37, a P/E/G ratio of 2.26 and a beta of 1.00. Praxair, Inc. has a 52-week low of $115.00 and a 52-week high of $156.40. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.22.
Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.06. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. sell-side analysts expect that Praxair, Inc. will post 5.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be paid a $0.7875 dividend. 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 currently 56.05%.
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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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