Praxair, Inc. (PX) Shares Bought by Toronto Dominion Bank
Toronto Dominion Bank grew its stake in Praxair, Inc. (NYSE:PX) by 12.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,361 shares of the basic materials company’s stock after purchasing an additional 12,429 shares during the quarter. Toronto Dominion Bank’s holdings in Praxair were worth $15,421,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew 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 acquiring an additional 16,839,374 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Praxair by 287.7% in the first quarter. Renaissance Technologies LLC now owns 1,560,700 shares of the basic materials company’s stock valued at $185,099,000 after acquiring an additional 1,158,100 shares in the last quarter. CI Global Investments Inc. grew its stake in shares of Praxair by 141.4% in 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 acquiring an additional 1,132,606 shares in the last quarter. Capital World Investors grew its stake in shares of Praxair by 4.3% in 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 acquiring an additional 716,835 shares in the last quarter. Finally, Egerton Capital UK LLP grew its stake in shares of Praxair by 24.0% in 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 acquiring an additional 655,456 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total value of $768,053.00. Following the completion of the sale, the director now owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.23% of the company’s stock.
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Shares of Praxair, Inc. (PX) traded down $0.13 during mid-day trading on Tuesday, hitting $148.15. 1,455,900 shares of the stock traded hands, compared to its average volume of 1,297,747. The firm has a market cap of $42,453.35, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Praxair, Inc. has a one year low of $115.00 and a one year high of $150.25. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.22.
Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.44 by $0.06. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 EPS. equities analysts expect that Praxair, Inc. will post 5.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s dividend payout ratio (DPR) is 56.05%.
A number of equities research analysts have issued reports on PX shares. BidaskClub downgraded shares of Praxair from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Argus upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research note on Monday. Susquehanna Bancshares Inc increased their price objective on shares of Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Zacks Investment Research downgraded shares of Praxair from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $162.00 price objective on shares of Praxair in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $150.21.
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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