DekaBank Deutsche Girozentrale Sells 30,704 Shares of Praxair, Inc. (PX)
DekaBank Deutsche Girozentrale cut its position in shares of Praxair, Inc. (NYSE:PX) by 14.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 179,371 shares of the basic materials company’s stock after selling 30,704 shares during the period. DekaBank Deutsche Girozentrale owned 0.06% of Praxair worth $23,746,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Rothschild Investment Corp IL boosted its stake in shares of Praxair by 0.5% in the first quarter. Rothschild Investment Corp IL now owns 8,044 shares of the basic materials company’s stock worth $954,000 after buying an additional 42 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Praxair during the first quarter worth $196,000. Retirement Systems of Alabama boosted its stake in shares of Praxair by 1.9% in the first quarter. Retirement Systems of Alabama now owns 137,798 shares of the basic materials company’s stock worth $16,343,000 after buying an additional 2,530 shares in the last quarter. Factory Mutual Insurance Co. boosted its stake in shares of Praxair by 4.3% in the first quarter. Factory Mutual Insurance Co. now owns 481,000 shares of the basic materials company’s stock worth $57,046,000 after buying an additional 20,000 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Praxair by 4.2% in the first quarter. Nationwide Fund Advisors now owns 123,661 shares of the basic materials company’s stock worth $14,666,000 after buying an additional 4,946 shares in the last quarter. Institutional investors own 84.86% of the company’s stock.
Shares of Praxair, Inc. (PX) opened at 132.38 on Thursday. Praxair, Inc. has a 12 month low of $114.43 and a 12 month high of $138.69. The company has a market capitalization of $37.86 billion, a PE ratio of 24.79 and a beta of 0.93. The firm has a 50-day moving average of $132.30 and a 200 day moving average of $126.37.
Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.80 billion. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 EPS. On average, equities research analysts expect 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 paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, September 6th. Praxair’s dividend payout ratio is 58.88%.
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PX has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Praxair from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Barclays PLC lifted their price objective on shares of Praxair from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Deutsche Bank AG restated a “hold” rating on shares of Praxair in a research note on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and set a $162.00 price objective (up from $140.00) on shares of Praxair in a research note on Saturday, June 3rd. Finally, Vertical Group upgraded shares of Praxair to a “hold” rating and lifted their price objective for the company from $123.00 to $127.00 in a research note on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $135.00.
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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