Greenhaven Associates Inc. Has $7.52 Million Holdings in Praxair, Inc. (PX)
Greenhaven Associates Inc. decreased its holdings in Praxair, Inc. (NYSE:PX) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,761 shares of the basic materials company’s stock after selling 9,680 shares during the quarter. Praxair accounts for about 0.1% of Greenhaven Associates Inc.’s portfolio, making the stock its 20th largest holding. Greenhaven Associates Inc.’s holdings in Praxair were worth $7,524,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its stake in Praxair by 19.1% in the 2nd quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 123 shares in the last quarter. Exane Derivatives acquired a new stake in Praxair in the 2nd quarter worth about $109,000. Tortoise Investment Management LLC raised its stake in Praxair by 3.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 31 shares in the last quarter. Sandy Spring Bank raised its stake in Praxair by 31.2% in the 1st quarter. Sandy Spring Bank now owns 842 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 200 shares in the last quarter. Finally, V Wealth Management LLC acquired a new stake in Praxair in the 2nd quarter worth about $124,000. Institutional investors and hedge funds own 85.34% of the company’s stock.
Shares of Praxair, Inc. (NYSE:PX) opened at 132.46 on Friday. The company has a market capitalization of $37.89 billion, a price-to-earnings ratio of 24.81 and a beta of 0.93. The company’s 50 day moving average is $131.56 and its 200 day moving average is $127.46. Praxair, Inc. has a one year low of $114.43 and a one year high of $138.69.
Praxair (NYSE:PX) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $2.83 billion for 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%. Praxair’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. Equities research analysts predict that Praxair, Inc. will post $5.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors 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 yield of 2.38%. The ex-dividend date is Wednesday, September 6th. Praxair’s dividend payout ratio is currently 58.88%.
TRADEMARK VIOLATION WARNING: This piece of content was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/10/greenhaven-associates-inc-has-7-52-million-holdings-in-praxair-inc-px.html.
Several research firms have commented on PX. UBS AG raised shares of Praxair from a “neutral” rating to a “positive” rating in a report on Thursday. BidaskClub raised shares of Praxair from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of Praxair from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Vertical Research raised shares of Praxair to a “hold” rating and raised their target price for the company from $123.00 to $127.00 in a report on Wednesday, June 7th. Finally, KeyCorp reissued a “hold” rating on shares of Praxair in a report on Sunday, September 3rd. 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. The company has a consensus rating of “Hold” and an average target price of $136.82.
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.
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 & Stock 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 stocks with our FREE daily email newsletter.