Investors Sell Shares of Praxair (PX) on Strength (PX)

Investors sold shares of Praxair, Inc. (NYSE:PX) on strength during trading on Monday. $54.39 million flowed into the stock on the tick-up and $143.35 million flowed out of the stock on the tick-down, for a money net flow of $88.96 million out of the stock. Of all stocks tracked, Praxair had the 0th highest net out-flow for the day. Praxair traded up $0.34 for the day and closed at $164.15

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Thursday, January 11th. Susquehanna Bancshares upped their price objective on shares of Praxair from $155.00 to $175.00 in a research report on Tuesday, November 7th. Jefferies Group restated a “buy” rating and set a $162.00 price objective on shares of Praxair in a research report on Thursday, October 19th. Barclays upped their price objective on shares of Praxair from $140.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, SunTrust Banks restated a “buy” rating and set a $162.00 price objective on shares of Praxair in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $159.86.

The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $46,410.00, a price-to-earnings ratio of 28.84, a PEG ratio of 2.26 and a beta of 1.00.

Praxair (NYSE:PX) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.06. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 EPS. research analysts predict that Praxair, Inc. will post 5.81 earnings per share for the current year.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total value of $768,053.00. Following the completion of 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 accessible through the SEC website. Company insiders own 0.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PX. Capital World Investors grew its stake in Praxair by 4.3% in the 2nd quarter. Capital World Investors now owns 17,332,349 shares of the basic materials company’s stock valued at $2,297,403,000 after acquiring an additional 716,835 shares during the last quarter. Egerton Capital UK LLP boosted its stake in shares of Praxair by 24.0% during the 3rd quarter. Egerton Capital UK LLP now owns 3,384,973 shares of the basic materials company’s stock worth $473,016,000 after purchasing an additional 655,456 shares during the last quarter. PointState Capital LP acquired a new stake in shares of Praxair during the 2nd quarter worth about $76,481,000. Vanguard Group Inc. boosted its stake in shares of Praxair by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 20,803,262 shares of the basic materials company’s stock worth $2,757,471,000 after purchasing an additional 523,022 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new stake in shares of Praxair during the 2nd quarter worth about $58,005,000. 85.51% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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