Moody Lynn & Lieberson LLC Takes Position in Praxair, Inc. (PX)

Moody Lynn & Lieberson LLC bought a new stake in Praxair, Inc. (NYSE:PX) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,592 shares of the basic materials company’s stock, valued at approximately $426,000.

A number of other large investors have also bought and sold shares of PX. Carroll Financial Associates Inc. boosted its stake in Praxair by 16.5% in the first quarter. Carroll Financial Associates Inc. now owns 847 shares of the basic materials company’s stock valued at $100,000 after buying an additional 120 shares during the last quarter. First Command Bank acquired a new stake in Praxair during the fourth quarter valued at $104,000. Quadrant Capital Group LLC boosted its stake in Praxair by 4.0% in the first quarter. Quadrant Capital Group LLC now owns 1,208 shares of the basic materials company’s stock valued at $137,000 after buying an additional 47 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Praxair by 11.5% in the third quarter. Mosaic Family Wealth LLC now owns 1,196 shares of the basic materials company’s stock worth $144,000 after buying an additional 123 shares in the last quarter. Finally, Dubuque Bank & Trust Co. boosted its stake in shares of Praxair by 160.7% in the first quarter. Dubuque Bank & Trust Co. now owns 1,460 shares of the basic materials company’s stock worth $173,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 85.85% of the company’s stock.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Praxair, Inc. (PX) opened at 136.00 on Friday. The company’s 50-day moving average price is $131.06 and its 200-day moving average price is $121.79. Praxair, Inc. has a one year low of $106.31 and a one year high of $138.69. The firm has a market cap of $38.81 billion, a price-to-earnings ratio of 25.56 and a beta of 0.94.

Praxair (NYSE:PX) last announced its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.04. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.62 billion. Praxair had a return on equity of 28.42% and a net margin of 14.26%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS. On average, analysts anticipate that Praxair, Inc. will post $5.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, June 7th were paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 2.32%. The ex-dividend date was Monday, June 5th. Praxair’s payout ratio is currently 59.10%.

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PX has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 price objective (up previously from $140.00) on shares of Praxair in a research note on Saturday, June 3rd. Bank of America Corporation upgraded Praxair from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $150.00 in a research note on Wednesday, June 7th. Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Friday, April 21st. Barclays PLC boosted their price objective on Praxair from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Finally, Vertical Group upgraded Praxair to a “hold” rating and boosted their price objective for the company from $123.00 to $127.00 in a research note on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $130.77.

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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