Brown Advisory Inc. boosted its position in Praxair, Inc. (NYSE:PX) by 6.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,072 shares of the basic materials company’s stock after buying an additional 5,509 shares during the quarter. Brown Advisory Inc.’s holdings in Praxair were worth $12,308,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. BB&T Securities LLC grew its holdings in shares of Praxair by 9.2% during the third quarter. BB&T Securities LLC now owns 20,646 shares of the basic materials company’s stock valued at $2,884,000 after purchasing an additional 1,734 shares during the last quarter. Impax Asset Management LTD grew its holdings in shares of Praxair by 6.9% during the third quarter. Impax Asset Management LTD now owns 251,730 shares of the basic materials company’s stock valued at $35,177,000 after purchasing an additional 16,232 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Praxair by 4.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 597,873 shares of the basic materials company’s stock valued at $83,547,000 after purchasing an additional 23,328 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Praxair by 256.5% during the third quarter. WINTON GROUP Ltd now owns 19,887 shares of the basic materials company’s stock valued at $2,779,000 after purchasing an additional 14,309 shares during the last quarter. Finally, Zeke Capital Advisors LLC grew its holdings in shares of Praxair by 84.8% during the third quarter. Zeke Capital Advisors LLC now owns 4,896 shares of the basic materials company’s stock valued at $684,000 after purchasing an additional 2,247 shares during the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.
In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 16,697 shares in the company, valued at $1,957,890.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.
Shares of Praxair, Inc. (PX) traded down $2.05 during mid-day trading on Monday, reaching $151.87. The company had a trading volume of 2,270,100 shares, compared to its average volume of 1,333,342. Praxair, Inc. has a 1-year low of $115.00 and a 1-year high of $156.40. The company has a market cap of $43,481.18, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91.
Praxair (NYSE:PX) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the company posted $1.41 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. sell-side analysts forecast that Praxair, Inc. will post 5.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a yield of 2.07%. Praxair’s dividend payout ratio (DPR) is 56.05%.
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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