Praxair Inc. (NYSE:PX) saw unusually-strong trading volume on Wednesday . Approximately 1,240,028 shares changed hands during trading, an increase of 5% from the previous session’s volume of 1,184,362 shares.The stock last traded at $120.43 and had previously closed at $121.27.

A number of analysts recently commented on PX shares. JPMorgan Chase & Co. reiterated a “hold” rating and set a $109.00 price objective on shares of Praxair in a research report on Monday, May 2nd. Barclays PLC raised their price target on Praxair from $112.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 2nd. Zacks Investment Research lowered Praxair from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Jefferies Group reissued a “buy” rating and issued a $135.00 price target on shares of Praxair in a research note on Wednesday, June 15th. Finally, Morgan Stanley reissued a “hold” rating and issued a $100.00 price target on shares of Praxair in a research note on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $116.79.

The company has a market cap of $34.35 billion and a PE ratio of 21.93. The company has a 50-day moving average of $116.48 and a 200-day moving average of $112.26.

Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.03. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts predict that Praxair Inc. will post $5.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, September 6th.

Other hedge funds and institutional investors have bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Praxair by 16.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,400 shares of the company’s stock valued at $5,366,000 after buying an additional 7,500 shares during the last quarter. King Luther Capital Management Corp raised its position in Praxair by 2.8% in the fourth quarter. King Luther Capital Management Corp now owns 114,083 shares of the company’s stock valued at $11,682,000 after buying an additional 3,070 shares during the last quarter. Autus Asset Management LLC raised its position in Praxair by 18.7% in the fourth quarter. Autus Asset Management LLC now owns 16,701 shares of the company’s stock valued at $1,711,000 after buying an additional 2,636 shares during the last quarter. Calvert Investment Management Inc. raised its position in Praxair by 42.7% in the fourth quarter. Calvert Investment Management Inc. now owns 20,413 shares of the company’s stock valued at $2,090,000 after buying an additional 6,109 shares during the last quarter. Finally, River Road Asset Management LLC raised its position in Praxair by 135.8% in the fourth quarter. River Road Asset Management LLC now owns 624,897 shares of the company’s stock valued at $63,989,000 after buying an additional 359,939 shares during the last quarter.

Praxair, Inc is an industrial gas supplier in North and South America, Asia and Europe. 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, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

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