First National Bank of Hutchinson held its stake in shares of Praxair, Inc. (NYSE:PX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the basic materials company’s stock at the end of the second quarter. First National Bank of Hutchinson’s holdings in Praxair were worth $272,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. ARGI Investment Services LLC boosted its stake in shares of Praxair by 0.3% in the first quarter. ARGI Investment Services LLC now owns 2,007 shares of the basic materials company’s stock worth $238,000 after buying an additional 6 shares during the period. Guardian Life Insurance Co. of America boosted its stake in shares of 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 worth $131,000 after buying an additional 8 shares during the period. Capital Management Corp VA boosted its stake in shares of Praxair by 0.6% in the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock worth $248,000 after buying an additional 11 shares during the period. Lcnb Corp boosted its stake in shares of Praxair by 0.4% in the first quarter. Lcnb Corp now owns 3,892 shares of the basic materials company’s stock worth $461,000 after buying an additional 15 shares during the period. Finally, Birch Hill Investment Advisors LLC boosted its stake in shares of Praxair by 0.5% in the first quarter. Birch Hill Investment Advisors LLC now owns 4,154 shares of the basic materials company’s stock worth $493,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Shares of Praxair, Inc. (NYSE:PX) opened at 127.44 on Friday. Praxair, Inc. has a 1-year low of $114.43 and a 1-year high of $138.69. The stock has a market capitalization of $36.45 billion, a PE ratio of 23.87 and a beta of 0.93. The firm has a 50-day moving average price of $132.46 and a 200-day moving average price of $125.54.

Praxair (NYSE:PX) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.03. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.80 billion. Praxair had a return on equity of 27.93% and a net margin of 14.10%. Praxair’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. On average, equities research analysts forecast that Praxair, Inc. will post $5.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, September 6th. Praxair’s dividend payout ratio (DPR) is 58.88%.

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A number of brokerages recently weighed in on PX. J P Morgan Chase & Co restated an “overweight” rating and set a $156.00 price objective (up from $130.00) on shares of Praxair in a research note on Sunday, June 11th. Vertical Group upgraded Praxair to a “hold” rating and upped their price objective for the stock from $123.00 to $127.00 in a research note on Wednesday, June 7th. BidaskClub cut Praxair from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and set a $162.00 price objective (up from $140.00) on shares of Praxair in a research note on Saturday, June 3rd. Finally, Vertical Research upgraded Praxair to a “hold” rating and upped their price objective for the stock from $123.00 to $127.00 in a research note on Wednesday, June 7th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company has an average 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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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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