8,053 Shares in Praxair, Inc. (PX) Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd purchased a new position in shares of Praxair, Inc. (NYSE:PX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,053 shares of the basic materials company’s stock, valued at approximately $1,125,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its stake in shares of Praxair by 47.3% during the 2nd quarter. Federated Investors Inc. PA now owns 10,057 shares of the basic materials company’s stock worth $1,333,000 after acquiring an additional 3,228 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Praxair during the 2nd quarter worth about $1,286,000. Mosaic Family Wealth LLC boosted its stake in shares of Praxair by 6.3% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,309 shares of the basic materials company’s stock worth $173,000 after acquiring an additional 77 shares in the last quarter. Coho Partners Ltd. boosted its stake in shares of Praxair by 776.9% during the 2nd quarter. Coho Partners Ltd. now owns 16,073 shares of the basic materials company’s stock worth $2,130,000 after acquiring an additional 14,240 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Praxair by 14.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after acquiring an additional 962 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

Shares of Praxair, Inc. (PX) traded down $0.92 during mid-day trading on Wednesday, hitting $151.34. The company’s stock had a trading volume of 1,508,200 shares, compared to its average volume of 1,347,512. 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 52 week low of $115.00 and a 52 week high of $156.40. The company has a market cap of $43,592.84, a P/E ratio of 26.53, a P/E/G ratio of 2.27 and a beta of 1.00.

Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.06. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company earned $1.41 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. equities analysts expect that Praxair, Inc. will post 5.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be given a $0.7875 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.08%. Praxair’s dividend payout ratio is currently 56.05%.

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the firm’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 value of $768,053.00. Following the completion of the sale, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on PX. BidaskClub upgraded Praxair from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Susquehanna Bancshares increased their target price on Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Zacks Investment Research downgraded Praxair from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Jefferies Group restated a “buy” rating and set a $162.00 target price on shares of Praxair in a research note on Thursday, October 19th. Finally, Barclays increased their target price 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $156.15.

ILLEGAL ACTIVITY NOTICE: “8,053 Shares in Praxair, Inc. (PX) Acquired by IFM Investors Pty Ltd” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://ledgergazette.com/2017/12/13/8053-shares-in-praxair-inc-px-acquired-by-ifm-investors-pty-ltd.html.

Praxair 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.

Want to see what other hedge funds are holding PX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Praxair, Inc. (NYSE:PX).

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Receive News & Ratings for Praxair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply