Kemper Corp Master Retirement Trust maintained its position in Praxair, Inc. (NYSE:PX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,500 shares of the basic materials company’s stock at the end of the second quarter. Kemper Corp Master Retirement Trust’s holdings in Praxair were worth $1,922,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of PX. BlackRock Inc. lifted its position in shares of Praxair by 2,091.9% during the 1st quarter. BlackRock Inc. now owns 17,644,355 shares of the basic materials company’s stock valued at $2,092,621,000 after buying an additional 16,839,374 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Praxair by 287.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,560,700 shares of the basic materials company’s stock valued at $185,099,000 after buying an additional 1,158,100 shares in the last quarter. CI Global Investments Inc. lifted its position in shares of Praxair by 141.4% during the 2nd quarter. CI Global Investments Inc. now owns 1,933,777 shares of the basic materials company’s stock valued at $256,322,000 after buying an additional 1,132,606 shares in the last quarter. Capital World Investors lifted its position in shares of Praxair by 4.3% during the 2nd quarter. Capital World Investors now owns 17,332,349 shares of the basic materials company’s stock valued at $2,297,403,000 after buying an additional 716,835 shares in the last quarter. Finally, PointState Capital LP purchased a new position in shares of Praxair during the 2nd quarter valued at about $76,481,000. 85.33% of the stock is currently owned by hedge funds and other institutional investors.
Praxair, Inc. (PX) traded down 0.27% during mid-day trading on Friday, reaching $141.96. The company’s stock had a trading volume of 1,190,414 shares. The company has a market cap of $40.60 billion, a PE ratio of 26.58 and a beta of 0.95. The firm’s 50 day moving average is $135.42 and its 200-day moving average is $130.34. Praxair, Inc. has a 12-month low of $114.43 and a 12-month high of $142.97.
Praxair (NYSE:PX) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.03. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.80 billion. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. Equities analysts anticipate that Praxair, Inc. will post $5.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were given a $0.7875 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $3.15 annualized dividend and a dividend yield of 2.22%. Praxair’s dividend payout ratio (DPR) is presently 58.88%.
A number of research analysts have recently weighed in on PX shares. UBS AG raised Praxair from a “neutral” rating to a “positive” rating in a research report on Thursday, September 7th. KeyCorp reaffirmed a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. BidaskClub cut Praxair from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Susquehanna Bancshares Inc raised Praxair from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $131.00 to $155.00 in a report on Thursday, September 7th. Finally, Zacks Investment Research raised Praxair from a “sell” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $138.00.
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.
Receive News & Ratings for Praxair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair Inc. and related companies with MarketBeat.com's FREE daily email newsletter.