Praxair, Inc. (PX) Holdings Held by FUKOKU MUTUAL LIFE INSURANCE Co
FUKOKU MUTUAL LIFE INSURANCE Co continued to hold its stake in Praxair, Inc. (NYSE:PX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,600 shares of the basic materials company’s stock at the end of the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Praxair were worth $345,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Sandy Spring Bank increased its stake in shares of Praxair by 31.2% in the 1st quarter. Sandy Spring Bank now owns 842 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 200 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Praxair by 19.1% during the 2nd quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after buying an additional 123 shares in the last quarter. Exane Derivatives bought a new stake in shares of Praxair during the 2nd quarter worth $109,000. Tortoise Investment Management LLC lifted its position in shares of Praxair by 3.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after buying an additional 31 shares during the last quarter. Finally, Pacific Center for Financial Services lifted its position in shares of Praxair by 65.7% during the 2nd quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock worth $119,000 after buying an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 85.33% of the company’s stock.
Praxair, Inc. (PX) traded down 0.11% during midday trading on Tuesday, reaching $141.04. 164,771 shares of the company traded hands. The company has a market capitalization of $40.34 billion, a price-to-earnings ratio of 26.41 and a beta of 0.95. The stock’s 50 day moving average is $134.24 and its 200 day moving average is $129.82. Praxair, Inc. has a one year low of $114.43 and a one year high of $141.88.
Praxair (NYSE:PX) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.03. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Praxair, Inc. will post $5.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were given a dividend of $0.7875 per share. The ex-dividend date was Wednesday, September 6th. This represents a $3.15 annualized dividend and a dividend yield of 2.23%. Praxair’s dividend payout ratio (DPR) is presently 58.88%.
A number of research analysts have issued reports on PX shares. BidaskClub cut Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Vertical Group raised Praxair to a “hold” rating and boosted their target price for the stock from $123.00 to $127.00 in a research note on Wednesday, June 7th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $156.00 target price (up previously from $130.00) on shares of Praxair in a report on Sunday, June 11th. Vertical Research raised shares of Praxair to a “hold” rating and increased their target price for the stock from $123.00 to $127.00 in a report on Wednesday, June 7th. Finally, Zacks Investment Research upgraded shares of Praxair from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Praxair presently has an average rating of “Hold” and a consensus target price of $138.00.
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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