AKO Capital LLP lifted its stake in shares of Praxair, Inc. (NYSE:PX) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 423,495 shares of the basic materials company’s stock after acquiring an additional 37,378 shares during the quarter. Praxair accounts for about 4.9% of AKO Capital LLP’s portfolio, making the stock its 6th largest position. AKO Capital LLP owned 0.15% of Praxair worth $59,179,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Guardian Life Insurance Co. of America increased its position in shares of Praxair by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,101 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 8 shares during the period. Capital Management Corp VA grew its stake in shares of Praxair by 0.6% during the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 11 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Praxair by 0.5% during the second quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 13 shares in the last quarter. Lcnb Corp grew its stake in shares of Praxair by 0.4% during the first quarter. Lcnb Corp now owns 3,892 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 15 shares in the last quarter. Finally, Security National Bank of SO Dak grew its stake in shares of Praxair by 0.3% during the first quarter. Security National Bank of SO Dak now owns 11,157 shares of the basic materials company’s stock worth $1,323,000 after purchasing an additional 28 shares in the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.
Praxair, Inc. (NYSE PX) traded down $0.18 during midday trading on Friday, reaching $148.28. 1,283,100 shares of the company’s stock traded hands, compared to its average volume of 1,283,061. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. Praxair, Inc. has a one year low of $115.00 and a one year high of $150.25. The firm has a market capitalization of $42,453.30, a P/E ratio of 25.83, a PEG ratio of 2.21 and a beta of 0.99.
Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. 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 announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be issued a $0.7875 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.12%. Praxair’s payout ratio is 56.05%.
A number of brokerages recently commented on PX. Susquehanna Bancshares Inc boosted their target price on shares of Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. BidaskClub upgraded shares of Praxair from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. UBS AG boosted their target price on shares of Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Citigroup Inc. upgraded shares of Praxair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $137.00 to $168.00 in a research note on Monday, October 30th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $162.00 target price on shares of Praxair in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Praxair currently has a consensus rating of “Hold” and an average target price of $148.62.
In other news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction dated 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 directly owns 16,697 shares of the company’s stock, valued at $1,957,890.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.
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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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