Lodestar Investment Counsel LLC IL held its stake in Praxair, Inc. (NYSE:PX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,950 shares of the basic materials company’s stock at the end of the second quarter. Lodestar Investment Counsel LLC IL’s holdings in Praxair were worth $258,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of PX. CENTRAL TRUST Co boosted its position in shares of Praxair by 1.6% in the first quarter. CENTRAL TRUST Co now owns 7,537 shares of the basic materials company’s stock worth $894,000 after buying an additional 116 shares in the last quarter. Manning & Napier Advisors LLC boosted its position in Praxair by 4.5% in the first quarter. Manning & Napier Advisors LLC now owns 46,123 shares of the basic materials company’s stock valued at $5,469,000 after buying an additional 2,005 shares during the period. Stock Yards Bank & Trust Co. boosted its position in Praxair by 1.2% in the first quarter. Stock Yards Bank & Trust Co. now owns 85,454 shares of the basic materials company’s stock valued at $10,135,000 after buying an additional 1,020 shares during the period. Gulf International Bank UK Ltd boosted its position in Praxair by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 87,729 shares of the basic materials company’s stock valued at $10,404,000 after buying an additional 1,100 shares during the period. Finally, Dynamic Advisors Solutions LLC boosted its position in Praxair by 10.0% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,255 shares of the basic materials company’s stock valued at $386,000 after buying an additional 295 shares during the period. 84.86% of the stock is owned by institutional investors and hedge funds.
Shares of Praxair, Inc. (PX) traded up 0.39% during midday trading on Friday, reaching $132.30. 935,072 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $132.38 and a 200 day moving average price of $126.00. The company has a market cap of $37.84 billion, a P/E ratio of 24.78 and a beta of 0.93. Praxair, Inc. has a 12 month low of $114.43 and a 12 month high of $138.69.
Praxair (NYSE:PX) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.03. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.80 billion. Praxair had a return on equity of 27.93% and a net margin of 14.10%. Praxair’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. Equities research analysts forecast that Praxair, Inc. will post $5.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be given a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, September 6th. Praxair’s payout ratio is 58.88%.
PX has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Friday, April 21st. Barclays PLC boosted their price objective on shares of Praxair from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, May 1st. Deutsche Bank AG reissued a “hold” rating on shares of Praxair in a research report on Friday, June 2nd. BidaskClub lowered shares of Praxair from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $162.00 price target (up from $140.00) on shares of Praxair in a research report on Saturday, June 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $135.00.
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.
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