Praxair, Inc. (PX) Position Held by Williams Jones & Associates LLC
Williams Jones & Associates LLC maintained its position in shares of Praxair, Inc. (NYSE:PX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,550 shares of the basic materials company’s stock at the close of the second quarter. Williams Jones & Associates LLC’s holdings in Praxair were worth $471,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Sandy Spring Bank lifted its stake 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. Parallel Advisors LLC lifted its stake in Praxair by 19.1% in the second quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock valued at $100,000 after buying an additional 123 shares during the period. Exane Derivatives acquired a new position in Praxair in the second quarter valued at about $109,000. Tortoise Investment Management LLC lifted its stake in Praxair by 3.9% in the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock valued at $110,000 after buying an additional 31 shares during the period. Finally, Pacific Center for Financial Services lifted its stake in Praxair by 65.7% in the second quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock valued at $119,000 after buying an additional 356 shares during the period. 85.33% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities analysts have weighed in on PX shares. BidaskClub raised Praxair from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Jefferies Group LLC reissued a “buy” rating and issued a $162.00 target price on shares of Praxair in a research note on Wednesday, June 21st. Zacks Investment Research raised Praxair from a “sell” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Monday, July 31st. KeyCorp reaffirmed a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $156.00 price target (up previously from $130.00) on shares of Praxair in a research report on Sunday, June 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $138.00.
Shares of Praxair, Inc. (PX) opened at 141.99 on Friday. The firm has a market cap of $40.61 billion, a price-to-earnings ratio of 26.59 and a beta of 0.95. The stock’s 50 day moving average price is $135.13 and its 200-day moving average price is $130.17. Praxair, Inc. has a 52-week low of $114.43 and a 52-week high of $142.97.
Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business earned $1.39 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts forecast that Praxair, Inc. will post $5.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were paid a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, September 6th. Praxair’s dividend payout ratio (DPR) is presently 58.88%.
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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