Strs Ohio Has $28.25 Million Stake in Praxair, Inc. (NYSE:PX)
Strs Ohio raised its stake in Praxair, Inc. (NYSE:PX) by 27.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 213,091 shares of the basic materials company’s stock after buying an additional 45,602 shares during the period. Strs Ohio’s holdings in Praxair were worth $28,245,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of PX. Carroll Financial Associates Inc. boosted its position in shares of Praxair by 16.5% in the first quarter. Carroll Financial Associates Inc. now owns 847 shares of the basic materials company’s stock worth $100,000 after buying an additional 120 shares in the last quarter. Sandy Spring Bank boosted its position in Praxair by 31.2% in the first quarter. Sandy Spring Bank now owns 842 shares of the basic materials company’s stock valued at $100,000 after buying an additional 200 shares during the period. Exane Derivatives bought a new position in Praxair during the second quarter valued at $109,000. Capital Analysts LLC boosted its position in Praxair by 6.8% in the first quarter. Capital Analysts LLC now owns 1,015 shares of the basic materials company’s stock valued at $120,000 after buying an additional 65 shares during the period. Finally, V Wealth Management LLC bought a new position in Praxair during the second quarter valued at $124,000. Institutional investors own 85.53% of the company’s stock.
Shares of Praxair, Inc. (NYSE PX) opened at 127.44 on Friday. The company has a market cap of $36.45 billion, a price-to-earnings ratio of 23.87 and a beta of 0.93. Praxair, Inc. has a 12 month low of $114.43 and a 12 month high of $138.69. The stock has a 50 day moving average of $132.46 and a 200-day moving average of $125.54.
Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.43 by $0.03. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.80 billion. Praxair had a net margin of 14.10% and a return on equity of 27.93%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. On average, analysts forecast that Praxair, Inc. will post $5.47 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be given a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 2.47%. The ex-dividend date is Wednesday, September 6th. Praxair’s payout ratio is currently 58.88%.
Several research firms have recently weighed in on PX. Zacks Investment Research cut shares of Praxair from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub cut shares of Praxair from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 price target on shares of Praxair in a report on Wednesday, June 21st. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $156.00 price target (up previously from $130.00) on shares of Praxair in a report on Sunday, June 11th. Finally, Vertical Research upgraded shares of Praxair to a “hold” rating and upped their price target for the company from $123.00 to $127.00 in a report on Wednesday, June 7th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $135.00.
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.
Want to see what other hedge funds are holding PX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Praxair, Inc. (NYSE:PX).
Receive News & Ratings for Praxair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.