Praxair, Inc. (PX) Shares Bought by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. increased its stake in Praxair, Inc. (NYSE:PX) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 466,655 shares of the basic materials company’s stock after purchasing an additional 14,155 shares during the period. Asset Management One Co. Ltd. owned approximately 0.16% of Praxair worth $65,250,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of PX. Kistler Tiffany Companies LLC boosted its stake in Praxair by 149.8% in 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. Parallel Advisors LLC boosted its stake in Praxair by 19.1% in 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. BB&T Investment Services Inc. purchased a new stake in Praxair in the second quarter worth approximately $106,000. Tortoise Investment Management LLC boosted its stake in 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 in the last quarter. Finally, Pacific Center for Financial Services boosted its stake in Praxair by 65.7% in 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. Institutional investors own 86.43% of the company’s stock.
Praxair, Inc. (NYSE PX) traded down $1.90 during trading hours on Thursday, hitting $150.39. The stock had a trading volume of 1,421,200 shares, compared to its average volume of 1,337,728. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. The stock has a market capitalization of $43,827.62, a price-to-earnings ratio of 26.67, a PEG ratio of 2.28 and a beta of 1.00. Praxair, Inc. has a 52-week low of $115.00 and a 52-week high of $156.40.
Praxair (NYSE:PX) last announced its earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. 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 company earned $1.41 earnings per share. equities research analysts forecast that Praxair, Inc. will post 5.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be issued a dividend of $0.7875 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.09%. Praxair’s dividend payout ratio is presently 56.05%.
Several brokerages have issued reports on PX. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Susquehanna Bancshares increased their price objective on Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Zacks Investment Research lowered Praxair from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Jefferies Group reissued a “buy” rating and set a $162.00 price objective on shares of Praxair in a research note on Thursday, October 19th. Finally, Barclays increased their price objective on Praxair from $140.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $154.31.
In related 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 transaction of $768,053.00. Following the completion of the transaction, the director now owns 16,697 shares in the company, valued at $1,957,890.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.
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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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