Praxair, Inc. (PX) Position Increased by BB&T Securities LLC

BB&T Securities LLC boosted its stake in Praxair, Inc. (NYSE:PX) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,646 shares of the basic materials company’s stock after acquiring an additional 1,734 shares during the period. BB&T Securities LLC’s holdings in Praxair were worth $2,884,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PX. Parallel Advisors LLC raised its position in shares of Praxair by 19.1% in the 2nd quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 123 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in shares of Praxair by 149.8% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 430 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Praxair in the 2nd quarter worth about $106,000. Tortoise Investment Management LLC raised its position in shares of Praxair by 3.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 31 shares during the last quarter. Finally, Pacific Center for Financial Services raised its position in shares of Praxair by 65.7% in the 2nd quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 356 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

A number of equities analysts have weighed in on the company. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. KeyCorp reissued a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. UBS raised Praxair from a “neutral” rating to a “positive” rating in a research report on Thursday, September 7th. Susquehanna Bancshares raised Praxair from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $131.00 to $155.00 in a research report on Thursday, September 7th. Finally, Jefferies Group reissued a “buy” rating and issued a $162.00 target price on shares of Praxair in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $154.31.

Praxair, Inc. (NYSE:PX) traded up $1.49 during midday trading on Tuesday, hitting $153.36. 2,301,300 shares of the stock traded hands, compared to its average volume of 1,337,497. Praxair, Inc. has a 12-month low of $115.00 and a 12-month high of $156.40. The stock has a market cap of $43,910.00, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.26 and a beta of 1.00. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22.

Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. analysts forecast that Praxair, Inc. will post 5.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, December 6th. Praxair’s payout ratio is currently 56.05%.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total transaction of $768,053.00. Following the completion of the sale, the director now owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

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Praxair Company Profile

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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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