Shares of Praxair, Inc. (NYSE:PX) have received a consensus recommendation of “Hold” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $136.89.

A number of brokerages have commented on PX. Jefferies Group LLC reissued a “buy” rating and issued a $162.00 price objective (up from $140.00) on shares of Praxair in a research report on Saturday, June 3rd. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $156.00 target price (up from $130.00) on shares of Praxair in a research report on Sunday, June 11th. BidaskClub downgraded shares of Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Praxair from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Praxair in a research report on Friday, June 2nd.

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A number of large investors have recently modified their holdings of the stock. W. E. Donoghue & Co. LLC acquired a new stake in Praxair during the 2nd quarter worth $2,200,000. Griffin Asset Management Inc. acquired a new stake in Praxair during the 2nd quarter worth $801,000. Atlantic Trust LLC boosted its stake in Praxair by 24.2% during the 2nd quarter. Atlantic Trust LLC now owns 3,975 shares of the basic materials company’s stock worth $527,000 after purchasing an additional 775 shares during the period. Cetera Investment Advisers acquired a new stake in Praxair during the 2nd quarter worth $201,000. Finally, EP Wealth Advisors LLC acquired a new stake in Praxair during the 2nd quarter worth $230,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Shares of Praxair (NYSE:PX) opened at 134.22 on Friday. Praxair has a 1-year low of $114.43 and a 1-year high of $138.69. The firm has a market capitalization of $38.39 billion, a P/E ratio of 25.13 and a beta of 0.93. The stock’s 50 day moving average is $131.52 and its 200 day moving average is $128.05.

Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.03. Praxair had a net margin of 14.10% and a return on equity of 27.93%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that Praxair will post $5.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 8th were paid a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, September 6th. Praxair’s dividend payout ratio is currently 58.88%.

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.

Analyst Recommendations for Praxair (NYSE:PX)

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