Raymond W. Leboeuf Sells 6,550 Shares of Praxair, Inc. (PX) Stock
Praxair, Inc. (NYSE:PX) Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the transaction, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Praxair, Inc. (PX) opened at $148.46 on Friday. The company has a market cap of $42,937.21, a PE ratio of 26.13, a PEG ratio of 2.24 and a beta of 0.99. 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 1-year low of $115.00 and a 1-year high of $150.25.
Praxair (NYSE:PX) last announced its earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.06. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. sell-side analysts expect that Praxair, Inc. will post 5.81 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be given a dividend of $0.7875 per share. The ex-dividend date is Wednesday, December 6th. This represents a $3.15 annualized dividend and a yield of 2.12%. Praxair’s payout ratio is currently 56.05%.
Several research analysts have weighed in on PX shares. Zacks Investment Research upgraded shares of Praxair from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Susquehanna Bancshares Inc upgraded 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 report on Thursday, September 7th. UBS AG upgraded shares of Praxair from a “neutral” rating to a “positive” rating in a report on Thursday, September 7th. Jefferies Group LLC restated a “buy” rating and set a $162.00 price objective on shares of Praxair in a report on Thursday, October 19th. Finally, BidaskClub downgraded shares of Praxair from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $148.62.
A number of institutional investors and hedge funds have recently bought and sold shares of PX. BlackRock Inc. grew its position in Praxair by 2,091.9% during the first quarter. BlackRock Inc. now owns 17,644,355 shares of the basic materials company’s stock valued at $2,092,621,000 after buying an additional 16,839,374 shares during the period. Renaissance Technologies LLC grew its position in Praxair by 287.7% during the first quarter. Renaissance Technologies LLC now owns 1,560,700 shares of the basic materials company’s stock valued at $185,099,000 after buying an additional 1,158,100 shares during the period. CI Global Investments Inc. grew its position in Praxair by 141.4% during the second quarter. CI Global Investments Inc. now owns 1,933,777 shares of the basic materials company’s stock valued at $256,322,000 after buying an additional 1,132,606 shares during the period. Capital World Investors grew its position in Praxair by 4.3% during the second quarter. Capital World Investors now owns 17,332,349 shares of the basic materials company’s stock valued at $2,297,403,000 after buying an additional 716,835 shares during the period. Finally, Egerton Capital UK LLP grew its position in Praxair by 24.0% during the third quarter. Egerton Capital UK LLP now owns 3,384,973 shares of the basic materials company’s stock valued at $473,016,000 after buying an additional 655,456 shares during the period. Institutional investors own 85.31% of the company’s stock.
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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