Security National Bank of SO Dak lowered its position in Praxair, Inc. (NYSE:PX) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,145 shares of the basic materials company’s stock after selling 12 shares during the quarter. Praxair comprises about 1.7% of Security National Bank of SO Dak’s holdings, making the stock its 16th biggest holding. Security National Bank of SO Dak’s holdings in Praxair were worth $1,477,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. ARGI Investment Services LLC grew its holdings in shares of Praxair by 0.3% in the first quarter. ARGI Investment Services LLC now owns 2,007 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 6 shares during the period. Guardian Life Insurance Co. of America grew its holdings in shares of Praxair by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,101 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 8 shares during the period. Capital Management Corp VA grew its holdings in shares of Praxair by 0.6% in the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 11 shares during the period. Salem Investment Counselors Inc. grew its holdings in shares of Praxair by 0.5% in the second quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 13 shares during the period. Finally, Lcnb Corp grew its holdings in shares of Praxair by 0.4% in the first quarter. Lcnb Corp now owns 3,892 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 15 shares during the period. 85.33% of the stock is owned by hedge funds and other institutional investors.
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Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.43 by $0.03. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations 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 previous year, the business earned $1.39 EPS. Equities analysts predict that Praxair, Inc. will post $5.47 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 8th were issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, September 6th. Praxair’s dividend payout ratio (DPR) is 58.88%.
A number of brokerages recently issued reports on PX. BidaskClub lowered shares of Praxair from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Praxair from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and issued a $162.00 price objective on shares of Praxair in a report on Wednesday, June 21st. Finally, Susquehanna Bancshares Inc raised shares of Praxair from a “neutral” rating to a “positive” rating and upped their price objective for the company from $131.00 to $155.00 in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $138.00.
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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