Trading Report: Today, Marble Harbor Investment Counsel LLC Reached $1,469,000 position of Praxair Inc. (PX)

Today, Marble Harbor Investment Counsel LLC Reached $1,469,000 position  of Praxair Inc. (PX)

Marble Harbor Investment Counsel LLC maintained its stake in Praxair Inc. (NYSE:PX) during the third quarter, Holdings Channel reports. The institutional investor owned 12,160 shares of the company’s stock at the end of the third quarter. Marble Harbor Investment Counsel LLC’s holdings in Praxair were worth $1,469,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Joel Isaacson & Co. LLC raised its stake in shares of Praxair by 0.3% in the third quarter. Joel Isaacson & Co. LLC now owns 2,022 shares of the company’s stock valued at $244,000 after buying an additional 7 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Praxair by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,168 shares of the company’s stock valued at $126,000 after buying an additional 11 shares during the period. Capital Management Corp VA raised its stake in shares of Praxair by 0.7% in the second quarter. Capital Management Corp VA now owns 1,815 shares of the company’s stock valued at $204,000 after buying an additional 12 shares during the period. Park National Corp OH raised its stake in shares of Praxair by 0.3% in the second quarter. Park National Corp OH now owns 4,562 shares of the company’s stock valued at $513,000 after buying an additional 15 shares during the period. Finally, MAI Capital Management raised its stake in shares of Praxair by 0.5% in the second quarter. MAI Capital Management now owns 3,022 shares of the company’s stock valued at $340,000 after buying an additional 16 shares during the period. Institutional investors own 83.63% of the company’s stock.

Shares of Praxair Inc. (NYSE:PX) traded up 0.31% during mid-day trading on Friday, reaching $119.08. The company’s stock had a trading volume of 351,979 shares. The company has a 50-day moving average price of $117.73 and a 200 day moving average price of $116.43. Praxair Inc. has a 52-week low of $95.60 and a 52-week high of $125.00. The company has a market cap of $33.98 billion, a PE ratio of 22.59 and a beta of 0.95.

Praxair (NYSE:PX) last released its earnings results on Thursday, October 27th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.01. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Praxair had a return on equity of 29.92% and a net margin of 14.46%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share. Equities analysts expect that Praxair Inc. will post $5.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, December 7th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, December 5th. Praxair’s dividend payout ratio is presently 56.82%.

A number of research analysts have weighed in on PX shares. Zacks Investment Research raised Praxair from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group reaffirmed a “buy” rating and set a $140.00 target price on shares of Praxair in a report on Friday, September 30th. Morgan Stanley started coverage on Praxair in a report on Tuesday, September 13th. They set an “equal weight” rating and a $125.00 target price for the company. TheStreet raised Praxair from a “hold” rating to a “buy” rating in a report on Monday, August 29th. Finally, Argus reaffirmed a “hold” rating on shares of Praxair in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Praxair presently has an average rating of “Hold” and an average price target of $118.57.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $117.26, for a total value of $768,053.00. Following the completion of the transaction, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anne K. Roby sold 17,103 shares of Praxair stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $117.40, for a total value of $2,007,892.20. Following the completion of the transaction, the insider now owns 19,337 shares of the company’s stock, valued at approximately $2,270,163.80. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

About Praxair

Praxair, Inc is an industrial gas supplier in North and South America, Asia and Europe. 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, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

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