Praxair, Inc. (PX) Shares Bought by Capital Guardian Trust Co.
Capital Guardian Trust Co. lifted its position in shares of Praxair, Inc. (NYSE:PX) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,428 shares of the basic materials company’s stock after acquiring an additional 828 shares during the period. Capital Guardian Trust Co. owned about 0.05% of Praxair worth $20,741,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Salem Investment Counselors Inc. raised its position in shares of Praxair by 0.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock valued at $321,000 after acquiring an additional 13 shares in the last quarter. Tortoise Investment Management LLC increased its position in Praxair by 3.9% in the second 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 period. Elkhorn Investments LLC increased its position in Praxair by 0.3% in the second quarter. Elkhorn Investments LLC now owns 9,265 shares of the basic materials company’s stock worth $1,206,000 after buying an additional 31 shares during the period. ZWJ Investment Counsel Inc. increased its position in Praxair by 2.6% in the second quarter. ZWJ Investment Counsel Inc. now owns 1,796 shares of the basic materials company’s stock worth $238,000 after buying an additional 46 shares during the period. Finally, Lourd Capital LLC increased its position in Praxair by 2.3% in the second quarter. Lourd Capital LLC now owns 2,450 shares of the basic materials company’s stock worth $325,000 after buying an additional 55 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the completion of the transaction, the director now owns 16,697 shares of the company’s stock, valued at $1,957,890.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.23% of the company’s stock.
PX has been the topic of several analyst reports. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. KeyCorp reaffirmed a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. UBS raised Praxair from a “neutral” rating to a “positive” rating in a research note on Thursday, September 7th. Susquehanna Bancshares raised Praxair from a “neutral” rating to a “positive” rating and increased their price target for the stock from $131.00 to $155.00 in a research note on Thursday, September 7th. Finally, Jefferies Group reissued a “buy” rating and issued a $162.00 price target on shares of Praxair in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $156.15.
Praxair, Inc. (NYSE:PX) traded up $0.57 during trading hours on Monday, hitting $151.98. The stock had a trading volume of 1,200,065 shares, compared to its average volume of 1,339,400. Praxair, Inc. has a 12 month low of $115.00 and a 12 month high of $156.40. The company has a market capitalization of $43,350.00, a PE ratio of 26.38, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11.
Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.06. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the business posted $1.41 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts expect that Praxair, Inc. will post 5.81 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date is Wednesday, December 6th. This represents a $3.15 annualized dividend and a yield of 2.07%. Praxair’s dividend payout ratio is currently 56.05%.
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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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