GW Henssler & Associates Ltd. Acquires 3,395 Shares of Praxair, Inc. (PX)
GW Henssler & Associates Ltd. raised its position in shares of Praxair, Inc. (NYSE:PX) by 7.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 46,952 shares of the basic materials company’s stock after buying an additional 3,395 shares during the period. GW Henssler & Associates Ltd.’s holdings in Praxair were worth $6,224,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of PX. Sandy Spring Bank boosted its position in shares of Praxair by 31.2% in the first quarter. Sandy Spring Bank now owns 842 shares of the basic materials company’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Exane Derivatives acquired a new position in shares of Praxair during the second quarter worth approximately $109,000. Tortoise Investment Management LLC boosted its position in shares of Praxair by 3.9% in the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after buying an additional 31 shares during the last quarter. Capital Analysts LLC boosted its position in shares of Praxair by 6.8% in the first quarter. Capital Analysts LLC now owns 1,015 shares of the basic materials company’s stock worth $120,000 after buying an additional 65 shares during the last quarter. Finally, V Wealth Management LLC acquired a new position in shares of Praxair during the second quarter worth approximately $124,000. Institutional investors and hedge funds own 84.86% of the company’s stock.
Praxair, Inc. (PX) opened at 132.42 on Friday. The company has a market cap of $37.88 billion, a PE ratio of 24.80 and a beta of 0.93. The stock has a 50 day moving average of $132.28 and a 200 day moving average of $126.53. Praxair, Inc. has a one year low of $114.43 and a one year high of $138.69.
Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the business posted $1.39 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that Praxair, Inc. will post $5.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be given a dividend of $0.7875 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $3.15 dividend on an annualized basis and a yield of 2.38%. Praxair’s payout ratio is 58.88%.
A number of brokerages have commented on PX. Vertical Research upgraded shares of Praxair to a “hold” rating and increased their price target for the company from $123.00 to $127.00 in a research report on Wednesday, June 7th. Jefferies Group LLC reiterated a “buy” rating and set a $162.00 price target (up from $140.00) on shares of Praxair in a research report on Saturday, June 3rd. Deutsche Bank AG reiterated a “hold” rating on shares of Praxair in a research report on Friday, June 2nd. BidaskClub cut shares of Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research cut shares of Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Two equities research 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’s stock. The stock has an average rating of “Hold” and a consensus price target of $135.00.
Praxair Company 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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