National Pension Service Purchases 23,801 Shares of Praxair, Inc. (NYSE:PX)

National Pension Service raised its position in Praxair, Inc. (NYSE:PX) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,513 shares of the basic materials company’s stock after buying an additional 23,801 shares during the period. National Pension Service owned 0.09% of Praxair worth $32,327,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of Praxair by 10.9% in the second quarter. State of Alaska Department of Revenue now owns 1,838 shares of the basic materials company’s stock worth $243,000 after buying an additional 180 shares during the last quarter. Creative Planning raised its stake in shares of Praxair by 4.8% in the second quarter. Creative Planning now owns 23,276 shares of the basic materials company’s stock worth $3,085,000 after buying an additional 1,072 shares during the last quarter. Trust Co. of Vermont raised its stake in shares of Praxair by 0.7% in the second quarter. Trust Co. of Vermont now owns 10,674 shares of the basic materials company’s stock worth $1,415,000 after buying an additional 75 shares during the last quarter. Pennsylvania Trust Co raised its stake in shares of Praxair by 1.8% in the second quarter. Pennsylvania Trust Co now owns 21,212 shares of the basic materials company’s stock worth $2,812,000 after buying an additional 373 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of Praxair by 1.0% in the second quarter. Gateway Investment Advisers LLC now owns 22,226 shares of the basic materials company’s stock worth $2,946,000 after buying an additional 216 shares during the last quarter. 84.86% of the stock is currently owned by hedge funds and other institutional investors.

Praxair, Inc. (NYSE PX) opened at 132.30 on Friday. The firm has a market capitalization of $37.84 billion, a price-to-earnings ratio of 24.78 and a beta of 0.93. Praxair, Inc. has a 52-week low of $114.43 and a 52-week high of $138.69. The company’s 50-day moving average price is $132.38 and its 200 day moving average price is $126.00.

Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.03. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.80 billion. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 EPS. Equities research analysts predict that Praxair, Inc. will post $5.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be paid a dividend of $0.7875 per share. The ex-dividend date is Wednesday, September 6th. This represents a $3.15 annualized dividend and a yield of 2.38%. Praxair’s payout ratio is 58.88%.

TRADEMARK VIOLATION NOTICE: This article was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.com-unik.info/2017/08/19/national-pension-service-has-32-33-million-position-in-praxair-inc-nysepx-updated.html.

A number of analysts have issued reports on the company. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered Praxair from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and issued a $162.00 price target on shares of Praxair in a research note on Wednesday, June 21st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $156.00 price objective (up from $130.00) on shares of Praxair in a research note on Sunday, June 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $135.00.

About Praxair

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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

What are top analysts saying about Praxair Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Praxair Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit