Praxair, Inc. (NYSE:PX) – Equities researchers at Seaport Global Securities upped their FY2017 EPS estimates for Praxair in a report issued on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $5.80 for the year, up from their prior estimate of $5.69. Seaport Global Securities also issued estimates for Praxair’s Q4 2017 earnings at $1.47 EPS, Q1 2018 earnings at $1.49 EPS, Q2 2018 earnings at $1.56 EPS, Q3 2018 earnings at $1.67 EPS, Q4 2018 earnings at $1.59 EPS and FY2018 earnings at $6.32 EPS.

PX has been the topic of several other reports. Zacks Investment Research cut Praxair from a “hold” rating to a “sell” rating in a report on Friday, October 20th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $162.00 target price on shares of Praxair in a report on Friday, October 27th. BidaskClub cut Praxair from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. upgraded Praxair from a “neutral” rating to a “buy” rating and upped their target price for the company from $137.00 to $168.00 in a report on Monday, October 30th. Finally, KeyCorp reiterated a “hold” rating on shares of Praxair in a report on Sunday, September 3rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $145.77.

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Shares of Praxair (NYSE PX) opened at $147.50 on Monday. The firm has a market cap of $42,229.99, a P/E ratio of 25.70, a P/E/G ratio of 2.20 and a beta of 0.99. 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 (NYSE:PX) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.06. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s payout ratio is 56.05%.

Several institutional investors have recently bought and sold shares of PX. BlackRock Inc. boosted its holdings in shares of Praxair by 2,091.9% during the 1st quarter. BlackRock Inc. now owns 17,644,355 shares of the basic materials company’s stock worth $2,092,621,000 after buying an additional 16,839,374 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Praxair by 287.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,560,700 shares of the basic materials company’s stock worth $185,099,000 after purchasing an additional 1,158,100 shares in the last quarter. CI Global Investments Inc. lifted its holdings in shares of Praxair by 141.4% in the 2nd quarter. CI Global Investments Inc. now owns 1,933,777 shares of the basic materials company’s stock worth $256,322,000 after purchasing an additional 1,132,606 shares in the last quarter. Capital World Investors lifted its holdings in shares of Praxair by 4.3% in the 2nd quarter. Capital World Investors now owns 17,332,349 shares of the basic materials company’s stock worth $2,297,403,000 after purchasing an additional 716,835 shares in the last quarter. Finally, Egerton Capital UK LLP lifted its holdings in shares of 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 worth $473,016,000 after purchasing an additional 655,456 shares in the last quarter. Hedge funds and other institutional investors own 85.33% of the company’s stock.

About Praxair

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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