Mar Vista Investment Partners LLC Has $31.32 Million Holdings in Praxair, Inc. (PX)
Mar Vista Investment Partners LLC raised its position in Praxair, Inc. (NYSE:PX) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 224,130 shares of the basic materials company’s stock after acquiring an additional 684 shares during the quarter. Mar Vista Investment Partners LLC owned approximately 0.08% of Praxair worth $31,320,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd purchased a new position in shares of Praxair in the first quarter valued at about $233,000. Capital Management Corp VA increased its position 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 valued at $248,000 after acquiring an additional 11 shares during the period. Federated Investors Inc. PA increased its position in shares of Praxair by 47.3% in the second quarter. Federated Investors Inc. PA now owns 10,057 shares of the basic materials company’s stock valued at $1,333,000 after acquiring an additional 3,228 shares during the period. Seven Eight Capital LP purchased a new position in shares of Praxair in the second quarter valued at about $1,286,000. Finally, Mosaic Family Wealth LLC increased its position in shares of Praxair by 6.3% in the second quarter. Mosaic Family Wealth LLC now owns 1,309 shares of the basic materials company’s stock valued at $173,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total transaction of $768,053.00. Following the sale, the director now owns 16,697 shares of the company’s stock, valued at $1,957,890.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.23% of the company’s stock.
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A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Argus raised shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research note on Monday. Zacks Investment Research lowered shares of Praxair from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $162.00 target price on shares of Praxair in a research note on Thursday, October 19th. Finally, Susquehanna Bancshares Inc lifted their target price on shares of Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Praxair has a consensus rating of “Hold” and an average price target of $150.21.
Praxair, Inc. (NYSE:PX) traded up $2.18 during trading hours on Thursday, reaching $148.35. 493,392 shares of the company traded hands, compared to its average volume of 1,299,577. Praxair, Inc. has a 1-year low of $115.00 and a 1-year high of $150.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91. The company has a market capitalization of $42,360.00, a price-to-earnings ratio of 25.72, a P/E/G ratio of 2.20 and a beta of 0.99.
Praxair (NYSE:PX) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Praxair’s quarterly revenue was up 7.6% on a year-over-year basis. analysts anticipate that Praxair, Inc. will post 5.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 2.12%. The ex-dividend date is Wednesday, December 6th. Praxair’s payout ratio is currently 56.05%.
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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