Praxair, Inc. (NYSE:PX) Shares Sold by Ledyard National Bank
Ledyard National Bank reduced its stake in Praxair, Inc. (NYSE:PX) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 6,246 shares of the basic materials company’s stock after selling 40 shares during the period. Ledyard National Bank’s holdings in Praxair were worth $828,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in PX. Sandy Spring Bank boosted 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 period. Carroll Financial Associates Inc. boosted its stake in 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 during the period. First Command Bank boosted 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 period. Capital Analysts LLC boosted 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 period. Finally, Guardian Life Insurance Co. of America boosted 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 period. Institutional investors and hedge funds own 85.53% of the company’s stock.
Praxair, Inc. (NYSE PX) traded down 0.36% on Thursday, hitting $128.40. The stock had a trading volume of 235,897 shares. The firm has a market capitalization of $36.73 billion, a price-to-earnings ratio of 24.04 and a beta of 0.93. Praxair, Inc. has a 1-year low of $114.43 and a 1-year high of $138.69. The stock’s 50-day moving average is $132.75 and its 200 day moving average is $125.45.
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, beating analysts’ consensus estimates of $1.43 by $0.03. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.80 billion. Praxair had a return on equity of 27.93% and a net margin of 14.10%. Praxair’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. On average, equities research analysts predict that Praxair, Inc. will post $5.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be issued a $0.7875 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.44%. Praxair’s payout ratio is 58.88%.
COPYRIGHT VIOLATION NOTICE: This piece was published by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/praxair-inc-nysepx-shares-sold-by-ledyard-national-bank/1471145.html.
Several research firms have weighed in on PX. BidaskClub cut Praxair from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Praxair from a “sell” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Monday, July 31st. Vertical Research upgraded Praxair to a “hold” rating and increased their price objective for the stock from $123.00 to $127.00 in a report on Wednesday, June 7th. Vertical Group upgraded Praxair to a “hold” rating and increased their price objective for the stock from $123.00 to $127.00 in a report on Wednesday, June 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 price objective on shares of Praxair in a report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock 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.
Want to see what other hedge funds are holding PX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Praxair, Inc. (NYSE:PX).
Receive News & Ratings for Praxair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.