Guyasuta Investment Advisors Inc. Acquires 367 Shares of Praxair, Inc. (PX)
Guyasuta Investment Advisors Inc. boosted its holdings in shares of Praxair, Inc. (NYSE:PX) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 131,701 shares of the basic materials company’s stock after acquiring an additional 367 shares during the quarter. Praxair makes up approximately 2.2% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 22nd largest holding. Guyasuta Investment Advisors Inc.’s holdings in Praxair were worth $18,404,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Kistler Tiffany Companies LLC raised its position 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 period. Parallel Advisors LLC increased its position in Praxair by 19.1% during the second quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 123 shares during the period. BB&T Investment Services Inc. bought a new position in Praxair during the second quarter worth $106,000. Tortoise Investment Management LLC increased its position in Praxair by 3.9% during the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 31 shares during the period. Finally, Pacific Center for Financial Services increased its position in Praxair by 65.7% during the second quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 356 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Praxair, Inc. (NYSE:PX) traded up $1.19 during trading hours on Friday, hitting $152.91. 389,117 shares of the stock traded hands, compared to its average volume of 1,318,070. Praxair, Inc. has a 52 week low of $115.00 and a 52 week high of $152.49. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91. The firm has a market cap of $43,438.24, a P/E ratio of 26.43, a PEG ratio of 2.26 and a beta of 0.99.
Praxair (NYSE:PX) last issued 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 for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.41 EPS. equities research analysts predict that Praxair, Inc. will post 5.81 earnings per share for the current fiscal 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 2.06%. Praxair’s dividend payout ratio (DPR) is 56.05%.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.
A number of brokerages recently issued reports on PX. J P Morgan Chase & Co boosted their target price on shares of Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. BidaskClub raised shares of Praxair from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Susquehanna Bancshares Inc boosted their target price on shares of Praxair from $155.00 to $175.00 in a research report on Tuesday, November 7th. Citigroup Inc. raised shares of Praxair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $137.00 to $168.00 in a research report on Monday, October 30th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Praxair presently has an average rating of “Hold” and an average price target 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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