Nationwide Fund Advisors lifted its stake in Praxair, Inc. (NYSE:PX) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,122 shares of the basic materials company’s stock after purchasing an additional 6,342 shares during the period. Nationwide Fund Advisors’ holdings in Praxair were worth $16,926,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in shares of Praxair by 19.1% during 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 last quarter. Kistler tiffany & co shop Companies LLC lifted its position in shares of Praxair by 149.8% during the third quarter. Kistler tiffany & co shop Companies LLC now owns 717 shares of the basic materials company’s stock valued at $100,000 after buying an additional 430 shares during the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of Praxair during the second quarter valued at about $106,000. Tortoise Investment Management LLC lifted its position in shares of Praxair by 3.9% during 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 last quarter. Finally, Pacific Center for tiffany & co financial Services lifted its position in shares of Praxair by 65.7% during the second quarter. Pacific Center for tiffany & co 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 last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.
Shares of Praxair, Inc. (NYSE:PX) traded up $0.46 during trading hours on Friday, hitting $149.60. The stock had a trading volume of 3,631,100 shares, compared to its average volume of 1,361,046. Praxair, Inc. has a 52-week low of $115.00 and a 52-week high of $156.40. The stock has a market cap of $43,309.40, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. 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 (NYSE:PX) last announced its earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm posted $1.41 EPS. The business’s revenue was up 7.6% on a year-over-year basis. analysts forecast that Praxair, Inc. will post 5.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.11%. Praxair’s dividend payout ratio (DPR) is 56.05%.
Several equities analysts have recently issued reports on the stock. UBS upped their price objective on shares of Praxair to $176.00 and gave the company a “buy” rating in a report on Friday. Jefferies Group set a $186.00 price objective on shares of Praxair and gave the stock a “buy” rating in a research note on Monday. BidaskClub raised shares of Praxair from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. KeyCorp reaffirmed a “hold” rating on shares of Praxair in a research note on Sunday, September 3rd. Finally, Citigroup raised shares of Praxair from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $137.00 to $168.00 in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Praxair has an average rating of “Hold” and an average price target of $157.38.
In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.
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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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