Praxair, Inc. (NYSE:PX) – Analysts at Jefferies Group reduced their FY2018 EPS estimates for Praxair in a note issued to investors on Monday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will post earnings of $6.35 per share for the year, down from their previous estimate of $6.40. Jefferies Group currently has a “Buy” rating and a $186.00 target price on the stock. Jefferies Group also issued estimates for Praxair’s FY2019 earnings at $6.85 EPS and FY2020 earnings at $7.50 EPS.

Several other equities research analysts have also recently commented on the company. UBS boosted their target price on Praxair to $176.00 and gave the company a “buy” rating in a research note on Friday. J P Morgan Chase & Co boosted their target price on Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. Argus upgraded Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research note on Monday, November 13th. Susquehanna Bancshares boosted their target price on Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $157.38.

Praxair (NYSE PX) traded up $0.46 during midday trading on Wednesday, reaching $149.60. The company’s stock had a trading volume of 3,631,121 shares, compared to its average volume of 1,361,046. The company has a market cap of $43,309.40, a PE ratio of 26.35, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. 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 has a 12-month low of $115.00 and a 12-month high of $156.40.

Praxair (NYSE:PX) last released its earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.06. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS.

Several institutional investors have recently made changes to their positions in PX. Parametric Portfolio Associates LLC increased its holdings in shares of Praxair by 7.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 978,952 shares of the basic materials company’s stock worth $136,799,000 after acquiring an additional 67,095 shares during the last quarter. AXA increased its holdings in shares of Praxair by 1.2% during the 3rd quarter. AXA now owns 247,036 shares of the basic materials company’s stock worth $34,521,000 after acquiring an additional 2,987 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Praxair during the 3rd quarter worth approximately $792,000. Public Employees Retirement System of Ohio increased its holdings in shares of Praxair by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 207,932 shares of the basic materials company’s stock worth $29,056,000 after acquiring an additional 728 shares during the last quarter. Finally, Cypress Capital Group acquired a new position in shares of Praxair during the 3rd quarter worth approximately $203,000. Institutional investors own 86.43% of the company’s stock.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of the company’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 transaction of $768,053.00. Following 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.23% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s dividend payout ratio is currently 56.05%.

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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.

Earnings History and Estimates for Praxair (NYSE:PX)

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