Todays Report: The Blue Bell Private Wealth Management LLC Maintains Position in Praxair Inc. (PX)

The Blue Bell Private Wealth Management LLC Maintains Position in Praxair Inc. (PX)

Blue Bell Private Wealth Management LLC held its stake in shares of Praxair Inc. (NYSE:PX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,300 shares of the company’s stock at the end of the second quarter. Blue Bell Private Wealth Management LLC’s holdings in Praxair were worth $147,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PX. Bank of Montreal Can bought a new position in shares of Praxair during the second quarter worth approximately $34,686,000. PGGM Investments increased its position in shares of Praxair by 12.2% in the second quarter. PGGM Investments now owns 493,421 shares of the company’s stock worth $55,456,000 after buying an additional 53,601 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of Praxair by 2.9% in the first quarter. Atlanta Capital Management Co. L L C now owns 392,677 shares of the company’s stock worth $44,942,000 after buying an additional 11,120 shares during the last quarter. AMP Capital Investors Ltd increased its position in shares of Praxair by 1.0% in the first quarter. AMP Capital Investors Ltd now owns 79,465 shares of the company’s stock worth $9,140,000 after buying an additional 800 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in shares of Praxair by 3.7% in the second quarter. Deprince Race & Zollo Inc. now owns 374,757 shares of the company’s stock worth $42,119,000 after buying an additional 13,512 shares during the last quarter. 83.76% of the stock is owned by hedge funds and other institutional investors.

Praxair Inc. (NYSE:PX) traded down 0.09% on Monday, hitting $117.08. The company’s stock had a trading volume of 638,304 shares. The company has a market capitalization of $33.39 billion, a P/E ratio of 21.32 and a beta of 0.93. Praxair Inc. has a 1-year low of $95.60 and a 1-year high of $125.00. The company has a 50 day moving average price of $119.17 and a 200-day moving average price of $116.12.

Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.03. Praxair had a net margin of 15.09% and a return on equity of 31.66%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the firm earned $1.45 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts forecast that Praxair Inc. will post $5.51 earnings per share for the current fiscal year.

A number of equities analysts have commented on the company. TheStreet upgraded Praxair from a “hold” rating to a “buy” rating in a research note on Monday, August 29th. Jefferies Group restated a “buy” rating and issued a $140.00 target price on shares of Praxair in a research note on Tuesday, August 16th. Zacks Investment Research downgraded Praxair from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Morgan Stanley assumed coverage on Praxair in a research note on Tuesday, September 13th. They issued an “equal weight” rating and a $125.00 target price for the company. Finally, Citigroup Inc. lifted their target price on Praxair from $120.00 to $123.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $118.57.

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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