Partners Capital Investment Group Holdings LLC Acquires New Holdings in Praxair, Inc. (PX)
Partners Capital Investment Group Holdings LLC acquired a new position in Praxair, Inc. (NYSE:PX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,748 shares of the basic materials company’s stock, valued at approximately $663,000.
A number of other large investors have also modified their holdings of the stock. Kistler Tiffany Companies LLC boosted its holdings in Praxair by 149.8% during the third quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 430 shares during the period. Parallel Advisors LLC boosted its holdings in Praxair by 19.1% during the second quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 123 shares during the period. BB&T Investment Services Inc. bought a new stake in Praxair during the second quarter valued at about $106,000. Tortoise Investment Management LLC boosted its holdings in Praxair by 3.9% during the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock valued at $110,000 after acquiring an additional 31 shares during the period. Finally, Pacific Center for Financial Services boosted its holdings in Praxair by 65.7% during the second quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 356 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.
In other news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 16,697 shares of the company’s stock, valued at $1,957,890.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by corporate insiders.
Shares of Praxair, Inc. (NYSE PX) traded up $1.49 on Tuesday, hitting $153.36. 2,301,300 shares of the stock were exchanged, compared to its average volume of 1,337,497. The firm has a market capitalization of $43,910.00, a price-to-earnings ratio of 26.46, a P/E/G 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, Inc. has a 1-year low of $115.00 and a 1-year high of $156.40.
Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 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 analyst estimates of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 earnings per share. equities research analysts predict that Praxair, Inc. will post 5.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Wednesday, December 6th. Praxair’s dividend payout ratio is currently 56.05%.
A number of equities research analysts have issued reports on PX shares. J P Morgan Chase & Co upped 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. Zacks Investment Research upgraded 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. Susquehanna Bancshares upgraded shares of Praxair from a “neutral” rating to a “positive” rating and upped their price target for the company from $131.00 to $155.00 in a report on Thursday, September 7th. Argus upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Monday, November 13th. Finally, UBS upgraded shares of Praxair from a “neutral” rating to a “positive” rating in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $154.31.
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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