Praxair, Inc. (PX) Shares Bought by Stifel Financial Corp
Stifel Financial Corp boosted its holdings in shares of Praxair, Inc. (NYSE:PX) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 423,347 shares of the basic materials company’s stock after buying an additional 12,060 shares during the period. Stifel Financial Corp owned approximately 0.15% of Praxair worth $59,149,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of PX. CI Global Investments Inc. boosted its stake in Praxair by 141.4% during the second quarter. CI Global Investments Inc. now owns 1,933,777 shares of the basic materials company’s stock valued at $256,322,000 after buying an additional 1,132,606 shares during the period. Capital World Investors boosted its stake in Praxair by 4.3% during the second quarter. Capital World Investors now owns 17,332,349 shares of the basic materials company’s stock valued at $2,297,403,000 after buying an additional 716,835 shares during the period. Egerton Capital UK LLP boosted its stake in Praxair by 24.0% during the third quarter. Egerton Capital UK LLP now owns 3,384,973 shares of the basic materials company’s stock valued at $473,016,000 after buying an additional 655,456 shares during the period. PointState Capital LP bought a new stake in Praxair during the second quarter valued at $76,481,000. Finally, Vanguard Group Inc. boosted its stake in Praxair by 2.6% during the second quarter. Vanguard Group Inc. now owns 20,803,262 shares of the basic materials company’s stock valued at $2,757,471,000 after buying an additional 523,022 shares during the period. 87.06% of the stock is owned by institutional investors.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of the business’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 transaction, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.
Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on Praxair from $140.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating and set a $162.00 price target on shares of Praxair in a research note on Friday, October 27th. J P Morgan Chase & Co lifted their price target on Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th. Susquehanna Bancshares lifted their price target on Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Finally, Argus raised Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a research note on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $154.31.
Praxair, Inc. (NYSE PX) traded down $2.01 during midday trading on Friday, hitting $151.87. The stock had a trading volume of 2,270,000 shares, compared to its average volume of 1,587,948. Praxair, Inc. has a 12 month low of $115.00 and a 12 month high of $156.40. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. The company has a market cap of $43,481.14, a price-to-earnings ratio of 26.46, a PEG ratio of 2.26 and a beta of 1.00.
Praxair (NYSE:PX) last released its earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.84 billion. During the same quarter in the previous year, the company posted $1.41 EPS. Praxair’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts anticipate that Praxair, Inc. will post 5.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be issued a dividend of $0.7875 per share. The ex-dividend date is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a yield of 2.07%. Praxair’s dividend payout ratio is presently 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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