BB&T Securities LLC grew its stake in Praxair, Inc. (NYSE:PX) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,455 shares of the basic materials company’s stock after purchasing an additional 1,915 shares during the quarter. BB&T Securities LLC’s holdings in Praxair were worth $3,392,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Private Capital Group LLC increased its position in Praxair by 394.0% during the first quarter. Private Capital Group LLC now owns 741 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 591 shares during the period. Kaizen Advisory LLC increased its position in Praxair by 140.9% during the second quarter. Kaizen Advisory LLC now owns 677 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 396 shares during the period. Institutional & Family Asset Management LLC bought a new position in Praxair during the first quarter worth about $137,000. Signaturefd LLC bought a new position in Praxair during the first quarter worth about $147,000. Finally, Landaas & Co. WI ADV bought a new position in Praxair during the second quarter worth about $147,000. 86.46% of the stock is currently owned by institutional investors.
PX has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Praxair from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. JPMorgan Chase & Co. raised their price target on shares of Praxair from $179.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, June 15th. ValuEngine lowered shares of Praxair from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Citigroup raised their price target on shares of Praxair from $177.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $164.00 price target on shares of Praxair in a research report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $178.42.
Shares of Praxair stock opened at $159.19 on Friday. The stock has a market cap of $45.17 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.02 and a beta of 1.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.78 and a current ratio of 0.96. Praxair, Inc. has a 12-month low of $133.04 and a 12-month high of $168.54.
Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.05 billion. Praxair had a net margin of 11.68% and a return on equity of 27.84%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 earnings per share. analysts predict that Praxair, Inc. will post 6.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Monday, August 6th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, August 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 2.07%. Praxair’s payout ratio is 56.41%.
Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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