Exencial Wealth Advisors LLC lifted its holdings in Praxair, Inc. (NYSE:PX) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,568 shares of the basic materials company’s stock after acquiring an additional 150 shares during the period. Praxair makes up approximately 1.4% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest position. Exencial Wealth Advisors LLC’s holdings in Praxair were worth $3,389,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Markel Corp lifted its position in Praxair by 26.9% during the first quarter. Markel Corp now owns 61,400 shares of the basic materials company’s stock worth $7,282,000 after purchasing an additional 13,000 shares during the period. Grandfield & Dodd LLC lifted its position in Praxair by 0.8% during the first quarter. Grandfield & Dodd LLC now owns 121,026 shares of the basic materials company’s stock worth $14,354,000 after purchasing an additional 1,012 shares during the period. Advisory Services Network LLC bought a new stake in Praxair during the first quarter worth about $294,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Praxair by 3.6% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 46,478 shares of the basic materials company’s stock worth $5,512,000 after purchasing an additional 1,620 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in Praxair by 0.5% during the first quarter. Great West Life Assurance Co. Can now owns 240,395 shares of the basic materials company’s stock worth $28,486,000 after purchasing an additional 1,183 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.
PX has been the subject of several recent analyst reports. BidaskClub cut shares of Praxair from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of Praxair from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Susquehanna Bancshares Inc raised shares of Praxair from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $131.00 to $155.00 in a research report on Thursday, September 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $162.00 price objective on shares of Praxair in a research report on Wednesday, June 21st. Finally, UBS AG raised shares of Praxair from a “neutral” rating to a “positive” rating in a research report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $136.82.
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Praxair, Inc. (NYSE PX) opened at 135.01 on Tuesday. The stock has a 50 day moving average of $131.46 and a 200-day moving average of $127.67. Praxair, Inc. has a 12-month low of $114.43 and a 12-month high of $138.69. The company has a market cap of $38.62 billion, a PE ratio of 25.28 and a beta of 0.93.
Praxair (NYSE:PX) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.03. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Praxair’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Praxair, Inc. will post $5.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, September 6th. Praxair’s payout ratio is 58.88%.
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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