Middleton & Co Inc MA Has $366,000 Stake in Praxair, Inc. (NYSE:PX)
Middleton & Co Inc MA continued to hold its stake in shares of Praxair, Inc. (NYSE:PX) during the second quarter, Holdings Channel reports. The institutional investor owned 2,760 shares of the basic materials company’s stock at the end of the second quarter. Middleton & Co Inc MA’s holdings in Praxair were worth $366,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in PX. BlackRock Inc. raised its stake in shares of Praxair by 2,091.9% in the first quarter. BlackRock Inc. now owns 17,644,355 shares of the basic materials company’s stock valued at $2,092,621,000 after buying an additional 16,839,374 shares during the period. State Street Corp raised its stake in shares of Praxair by 0.5% in the first quarter. State Street Corp now owns 13,820,497 shares of the basic materials company’s stock valued at $1,639,105,000 after buying an additional 74,856 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Praxair by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 10,901,896 shares of the basic materials company’s stock valued at $1,292,964,000 after buying an additional 48,313 shares during the period. Wellington Management Group LLP raised its stake in shares of Praxair by 6.2% in the first quarter. Wellington Management Group LLP now owns 7,589,771 shares of the basic materials company’s stock valued at $900,147,000 after buying an additional 446,016 shares during the period. Finally, Parnassus Investments CA raised its stake in shares of Praxair by 48.5% in the first quarter. Parnassus Investments CA now owns 6,401,228 shares of the basic materials company’s stock valued at $737,895,000 after buying an additional 2,091,079 shares during the period. 85.58% of the stock is currently owned by institutional investors.
Shares of Praxair, Inc. (PX) traded up 0.05% on Wednesday, hitting $134.23. 57,754 shares of the stock were exchanged. The company has a market cap of $38.30 billion, a price-to-earnings ratio of 25.23 and a beta of 0.94. Praxair, Inc. has a 52-week low of $114.43 and a 52-week high of $138.69. The company has a 50 day moving average of $133.78 and a 200 day moving average of $123.81.
Praxair (NYSE:PX) last announced its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. Praxair had a return on equity of 28.42% and a net margin of 14.26%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Equities research analysts forecast that Praxair, Inc. will post $5.47 earnings per share for the current year.
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PX has been the topic of several research reports. Barclays PLC lifted their price target on shares of Praxair from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. BidaskClub downgraded shares of Praxair from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $162.00 target price on shares of Praxair in a research report on Wednesday, June 21st. Zacks Investment Research downgraded shares of Praxair from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $156.00 target price (up from $130.00) on shares of Praxair in a research report on Sunday, June 11th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Praxair currently has an average rating of “Hold” and an average price target of $130.77.
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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