Howland Capital Management LLC increased its position in shares of Praxair Inc. (NYSE:PX) by 4.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 33,218 shares of the company’s stock after buying an additional 1,526 shares during the period. Howland Capital Management LLC’s holdings in Praxair were worth $4,014,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PacWest Financial Management Inc boosted its position in Praxair by 3.9% in the second quarter. PacWest Financial Management Inc now owns 14,198 shares of the company’s stock worth $1,596,000 after buying an additional 535 shares during the last quarter. Franklin Street Advisors Inc. NC bought a new position in Praxair during the second quarter worth $3,832,000. Webster Bank N. A. boosted its position in Praxair by 2.8% in the second quarter. Webster Bank N. A. now owns 2,882 shares of the company’s stock worth $324,000 after buying an additional 79 shares during the last quarter. Alpha Windward LLC boosted its position in Praxair by 12.2% in the second quarter. Alpha Windward LLC now owns 2,648 shares of the company’s stock worth $298,000 after buying an additional 287 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in Praxair by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 73,841 shares of the company’s stock worth $8,299,000 after buying an additional 4,490 shares during the last quarter. Hedge funds and other institutional investors own 81.45% of the company’s stock.
Shares of Praxair Inc. (NYSE:PX) traded down 0.33% during midday trading on Monday, hitting $118.69. 749,878 shares of the stock were exchanged. The firm has a 50-day moving average of $117.60 and a 200-day moving average of $116.47. The company has a market capitalization of $33.87 billion, a P/E ratio of 22.52 and a beta of 0.95. Praxair Inc. has a 1-year low of $95.60 and a 1-year high of $125.00.
Praxair (NYSE:PX) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.01. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. Praxair had a net margin of 14.46% and a return on equity of 29.92%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. On average, equities analysts expect that Praxair Inc. will post $5.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, December 7th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, December 5th. Praxair’s payout ratio is 56.82%.
Several analysts have recently issued reports on the stock. TheStreet raised shares of Praxair from a “hold” rating to a “buy” rating in a research report on Monday, August 29th. Jefferies Group reissued a “buy” rating and issued a $140.00 price target on shares of Praxair in a research report on Tuesday, August 16th. Zacks Investment Research lowered shares of Praxair from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. Morgan Stanley assumed coverage on shares of Praxair in a research report on Tuesday, September 13th. They issued an “equal weight” rating and a $125.00 price target on the stock. Finally, Argus reissued a “hold” rating on shares of Praxair in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $118.57.
In other Praxair news, insider Anne K. Roby sold 17,103 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $117.40, for a total transaction of $2,007,892.20. Following the sale, the insider now owns 19,337 shares in the company, valued at approximately $2,270,163.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raymond W. Leboeuf sold 6,550 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the sale, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.
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.