SG Americas Securities LLC Buys 21,333 Shares of Praxair, Inc. (PX)
SG Americas Securities LLC increased its stake in shares of Praxair, Inc. (NYSE:PX) by 81.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,375 shares of the basic materials company’s stock after acquiring an additional 21,333 shares during the period. SG Americas Securities LLC’s holdings in Praxair were worth $6,620,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. KCG Holdings Inc. raised its position in shares of Praxair by 118.3% in the 1st quarter. KCG Holdings Inc. now owns 13,664 shares of the basic materials company’s stock valued at $1,621,000 after purchasing an additional 7,404 shares in the last quarter. Dynamic Capital Management Ltd raised its position in shares of Praxair by 33.5% in the 1st quarter. Dynamic Capital Management Ltd now owns 7,450 shares of the basic materials company’s stock valued at $884,000 after purchasing an additional 1,871 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Praxair by 4.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 930,256 shares of the basic materials company’s stock valued at $110,329,000 after purchasing an additional 36,644 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. raised its position in shares of Praxair by 6.7% in the 1st quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 1,356,369 shares of the basic materials company’s stock valued at $160,654,000 after purchasing an additional 85,100 shares in the last quarter. Finally, Logan Capital Management Inc. raised its position in shares of Praxair by 0.9% in the 1st quarter. Logan Capital Management Inc. now owns 8,505 shares of the basic materials company’s stock valued at $1,009,000 after purchasing an additional 72 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on PX shares. Zacks Investment Research raised Praxair from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub lowered Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. KeyCorp reaffirmed a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. UBS AG raised Praxair from a “neutral” rating to a “positive” rating in a research report on Thursday, September 7th. Finally, Susquehanna Bancshares Inc raised Praxair from a “neutral” rating to a “positive” rating and upped their price target for the company from $131.00 to $155.00 in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Praxair has a consensus rating of “Hold” and a consensus target price of $151.36.
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Shares of Praxair, Inc. (PX) traded up $1.60 on Friday, reaching $150.64. The company had a trading volume of 2,919,280 shares, compared to its average volume of 1,309,045. The company has a market cap of $42,360.00, a P/E ratio of 25.72, a P/E/G ratio of 2.20 and a beta of 0.99. 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, Inc. has a 52-week low of $115.00 and a 52-week high of $151.44.
Praxair (NYSE:PX) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.06. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.41 EPS. equities analysts predict 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. Investors of record on Thursday, December 7th will be paid a dividend of $0.7875 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a yield of 2.09%. Praxair’s payout ratio is currently 56.05%.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction on 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 directly 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 is available through this link. 0.23% of the stock is owned by corporate insiders.
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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