Praxair, Inc. (PX) Shares Bought by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA lifted its holdings in shares of Praxair, Inc. (NYSE:PX) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,208 shares of the basic materials company’s stock after purchasing an additional 10 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Praxair were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PX. State of Tennessee Treasury Department grew its holdings in shares of Praxair by 12.3% during the 1st quarter. State of Tennessee Treasury Department now owns 112,862 shares of the basic materials company’s stock worth $13,385,000 after purchasing an additional 12,340 shares during the period. Holderness Investments Co. grew its holdings in shares of Praxair by 10.6% during the 1st quarter. Holderness Investments Co. now owns 3,134 shares of the basic materials company’s stock worth $372,000 after purchasing an additional 300 shares during the period. State of Wisconsin Investment Board grew its holdings in shares of Praxair by 4.9% during the 1st quarter. State of Wisconsin Investment Board now owns 167,733 shares of the basic materials company’s stock worth $19,893,000 after purchasing an additional 7,793 shares during the period. Intellectus Partners LLC purchased a new position in shares of Praxair during the 1st quarter worth $212,000. Finally, Meristem LLP grew its holdings in shares of Praxair by 3.5% during the 1st quarter. Meristem LLP now owns 1,949 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 85.33% of the company’s stock.

PX has been the subject of a number of research analyst reports. Zacks Investment Research cut Praxair from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Susquehanna Bancshares Inc upgraded Praxair from a “neutral” rating to a “positive” rating and increased their price target for the stock from $131.00 to $155.00 in a report on Thursday, September 7th. UBS AG upgraded Praxair from a “neutral” rating to a “positive” rating in a report on Thursday, September 7th. BidaskClub cut Praxair from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, KeyCorp restated a “hold” rating on shares of Praxair in a report on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $138.00.

Shares of Praxair, Inc. (NYSE PX) traded up 0.04% during trading on Tuesday, reaching $140.93. The company had a trading volume of 455,884 shares. The firm has a 50-day moving average of $135.67 and a 200 day moving average of $130.70. The firm has a market capitalization of $40.31 billion, a price-to-earnings ratio of 26.39 and a beta of 0.95. Praxair, Inc. has a 52 week low of $114.43 and a 52 week high of $142.97.

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, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.03. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Praxair, Inc. will post $5.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were given a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Wednesday, September 6th. Praxair’s payout ratio is 58.88%.

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Praxair 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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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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