Praxair, Inc. Announces Quarterly Dividend of $0.65 (PX)
Praxair (NYSE:PX) announced a quarterly dividend on Wednesday, July 23rd, Analyst Ratings Network reports. Investors of record on Monday, September 8th will be paid a dividend of 0.65 per share on Monday, September 15th. This represents a $2.60 annualized dividend and a dividend yield of 1.97%.
A number of research firms have recently commented on PX. Analysts at KeyCorp reiterated a “buy” rating on shares of Praxair in a research note on Wednesday, July 16th. They now have a $144.00 price target on the stock, up previously from $140.00. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Praxair in a research note on Monday, July 7th. They now have a $140.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Praxair in a research note on Tuesday, April 29th. They now have a $136.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $142.21.
Shares of Praxair (NYSE:PX) opened at 131.69 on Wednesday. Praxair has a 52-week low of $115.79 and a 52-week high of $135.24. The stock’s 50-day moving average is $132.3 and its 200-day moving average is $130.5. The company has a market cap of $38.576 billion and a price-to-earnings ratio of 21.62.
Praxair (NYSE:PX) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.59 by $0.01. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the company posted $1.49 earnings per share. Analysts expect that Praxair will post $6.47 EPS for the current fiscal year.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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