Praxair Inc. (PX) Shares Bought by Signaturefd LLC
Signaturefd LLC boosted its position in shares of Praxair Inc. (NYSE:PX) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 1,430 shares of the company’s stock after buying an additional 100 shares during the period. Signaturefd LLC’s holdings in Praxair were worth $161,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in Praxair by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,168 shares of the company’s stock worth $126,000 after buying an additional 11 shares during the last quarter. High Point Bank & Trust Co. increased its position in shares of Praxair by 25.0% in the second quarter. High Point Bank & Trust Co. now owns 1,250 shares of the company’s stock valued at $140,000 after buying an additional 250 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Praxair by 23.5% in the second quarter. Advisory Services Network LLC now owns 1,383 shares of the company’s stock valued at $155,000 after buying an additional 263 shares in the last quarter. Cribstone Capital Management LLC bought a new position in shares of Praxair during the second quarter valued at about $181,000. Finally, Tompkins Financial Corp increased its position in shares of Praxair by 183.9% in the second quarter. Tompkins Financial Corp now owns 1,706 shares of the company’s stock valued at $192,000 after buying an additional 1,105 shares in the last quarter. Hedge funds and other institutional investors own 83.78% of the company’s stock.
Shares of Praxair Inc. (NYSE:PX) traded up 0.07% during mid-day trading on Friday, reaching $117.18. 464,337 shares of the company were exchanged. Praxair Inc. has a 12 month low of $95.60 and a 12 month high of $125.00. The company has a market capitalization of $33.42 billion, a price-to-earnings ratio of 21.34 and a beta of 0.93. The firm’s 50-day moving average is $119.31 and its 200-day moving average is $116.07.
Praxair (NYSE:PX) last released its earnings results on Thursday, July 28th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.36 by $0.03. Praxair had a net margin of 15.09% and a return on equity of 31.66%. The business earned $2.70 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities analysts forecast that Praxair Inc. will post $5.51 earnings per share for the current fiscal year.
PX has been the subject of several research reports. Jefferies Group restated a “buy” rating on shares of Praxair in a research report on Wednesday, July 6th. Zacks Investment Research upgraded Praxair from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Barclays PLC lifted their price objective on Praxair from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, July 29th. Morgan Stanley initiated coverage on Praxair in a research report on Tuesday, September 13th. They set an “equal weight” rating and a $125.00 price objective for the company. Finally, Citigroup Inc. lifted their price objective on Praxair from $120.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $118.57.
Praxair Company Profile
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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