Skandinaviska Enskilda Banken AB publ Has $4.85 Million Holdings in Praxair, Inc. (PX)
Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Praxair, Inc. (NYSE:PX) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,715 shares of the basic materials company’s stock after purchasing an additional 500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Praxair were worth $4,851,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in PX. Parallel Advisors LLC increased its holdings in shares of Praxair by 19.1% during the second quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after buying an additional 123 shares in the last quarter. Kistler Tiffany Companies LLC increased its holdings in shares of Praxair by 149.8% during the third quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after buying an additional 430 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in shares of Praxair during the second quarter worth approximately $106,000. Tortoise Investment Management LLC increased its holdings in shares of Praxair by 3.9% during 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 in the last quarter. Finally, Pacific Center for Financial Services increased its holdings in shares of Praxair by 65.7% during the second quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock worth $119,000 after buying an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.
Several analysts have recently weighed in on PX shares. Susquehanna Bancshares raised shares of Praxair from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $131.00 to $155.00 in a report on Thursday, September 7th. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a report on Monday, November 6th. UBS raised shares of Praxair from a “neutral” rating to a “positive” rating in a report on Thursday, September 7th. Jefferies Group reissued a “buy” rating and issued a $162.00 price target on shares of Praxair in a report on Thursday, October 19th. Finally, J P Morgan Chase & Co raised their price target on shares of Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $154.31.
In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total transaction of $768,053.00. Following the completion of the sale, the director now owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by insiders.
Praxair, Inc. (PX) traded down $2.05 on Monday, reaching $151.87. 2,270,100 shares of the company’s stock were exchanged, compared to its average volume of 1,333,342. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. Praxair, Inc. has a 12-month low of $115.00 and a 12-month high of $156.40. The firm has a market cap of $43,481.18, a price-to-earnings ratio of 26.46, a PEG ratio of 2.26 and a beta of 1.00.
Praxair (NYSE:PX) last released its earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the business earned $1.41 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts forecast that Praxair, Inc. will post 5.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Wednesday, December 6th. Praxair’s dividend payout ratio is presently 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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