Traders bought shares of Praxair, Inc. (NYSE:PX) on weakness during trading on Tuesday. $124.22 million flowed into the stock on the tick-up and $50.05 million flowed out of the stock on the tick-down, for a money net flow of $74.17 million into the stock. Of all companies tracked, Praxair had the 24th highest net in-flow for the day. Praxair traded down ($2.05) for the day and closed at $162.10

A number of research analysts have weighed in on PX shares. Susquehanna Bancshares increased their price target on Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Deutsche Bank raised Praxair from a “hold” rating to a “buy” rating and increased their price target for the stock from $155.00 to $175.00 in a research note on Tuesday, December 19th. UBS Group increased their price target on Praxair to $176.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Jefferies Group set a $186.00 price target on Praxair and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, Argus raised Praxair from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $159.86.

The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91. The company has a market cap of $46,410.09, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.23 and a beta of 1.00.

Praxair (NYSE:PX) last issued its earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.06. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. analysts forecast that Praxair, Inc. will post 5.81 EPS for the current fiscal year.

In related news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction 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 transaction, the director now directly owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Praxair by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 20,803,262 shares of the basic materials company’s stock valued at $2,757,471,000 after purchasing an additional 523,022 shares in the last quarter. Capital World Investors increased its holdings in Praxair by 4.3% in 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 purchasing an additional 716,835 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in Praxair by 1.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,868,280 shares of the basic materials company’s stock valued at $683,156,000 after purchasing an additional 77,300 shares in the last quarter. Egerton Capital UK LLP increased its holdings in Praxair by 24.0% in the 3rd quarter. Egerton Capital UK LLP now owns 3,384,973 shares of the basic materials company’s stock valued at $473,016,000 after purchasing an additional 655,456 shares in the last quarter. Finally, Capital International Investors increased its holdings in Praxair by 9.6% in the 3rd quarter. Capital International Investors now owns 2,981,701 shares of the basic materials company’s stock valued at $416,663,000 after purchasing an additional 262,050 shares in the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Investors Buy Shares of Praxair (PX) on Weakness” was first published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2018/01/18/investors-buy-shares-of-praxair-px-on-weakness.html.

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 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.