Praxair, Inc. (PX) Holdings Boosted by Autus Asset Management LLC
Autus Asset Management LLC boosted its holdings in shares of Praxair, Inc. (NYSE:PX) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,930 shares of the basic materials company’s stock after purchasing an additional 1,239 shares during the quarter. Autus Asset Management LLC’s holdings in Praxair were worth $5,161,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of 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 acquiring an additional 123 shares in the last quarter. Kistler Tiffany Companies LLC increased its holdings in shares of Praxair by 149.8% in the third quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 430 shares during the last quarter. BB&T Investment Services Inc. acquired a new stake in shares of Praxair in the second quarter valued at approximately $106,000. Tortoise Investment Management LLC increased its holdings in shares of 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 purchasing an additional 31 shares during the last quarter. Finally, Pacific Center for Financial Services increased its holdings in shares of 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 purchasing an additional 356 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.
Praxair, Inc. (PX) traded up $0.23 during trading hours on Tuesday, reaching $150.87. The company had a trading volume of 1,498,100 shares, compared to its average volume of 1,309,888. The stock has a market capitalization of $43,130.00, a price-to-earnings ratio of 26.24, a PEG ratio of 2.25 and a beta of 0.99. Praxair, Inc. has a 52-week low of $115.00 and a 52-week high of $151.44. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11.
Praxair (NYSE:PX) last released its earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.06. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. Praxair’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. equities analysts anticipate that Praxair, Inc. will post 5.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, December 6th. Praxair’s dividend payout ratio (DPR) is 56.05%.
In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction 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 approximately $1,957,890.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by insiders.
Several research firms recently commented on PX. BidaskClub cut Praxair from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research cut Praxair from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price target on shares of Praxair in a report on Thursday, October 19th. Susquehanna Bancshares Inc increased their price target on Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Finally, J P Morgan Chase & Co increased their price target on Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $151.36.
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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