Vgi Partners Pty Ltd buys $17,028,803 stake in Praxair (PX)

Praxair (PX) : Vgi Partners Pty Ltd scooped up 3,539 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 145,832 shares of Praxair which is valued at $17,028,803.Praxair makes up approximately 4.78% of Vgi Partners Pty Ltd’s portfolio.

Other Hedge Funds, Including , Etrade Capital Management reduced its stake in PX by selling 181 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 12,772 shares of PX which is valued at $1,491,386. Praxair makes up approx 0.08% of Etrade Capital Management’s portfolio.Midwest Investment Management reduced its stake in PX by selling 370 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 15,356 shares of PX which is valued at $1,796,345. Praxair makes up approx 1.42% of Midwest Investment Management’s portfolio. Lsv Asset Management added PX to its portfolio by purchasing 450 company shares during the most recent quarter which is valued at $52,520.Welch Forbes reduced its stake in PX by selling 2,525 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 227,470 shares of PX which is valued at $26,518,453. Praxair makes up approx 0.78% of Welch Forbes’s portfolio.Eads Heald Investment Counsel reduced its stake in PX by selling 38 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 4,771 shares of PX which is valued at $556,012. Praxair makes up approx 0.38% of Eads Heald Investment Counsel’s portfolio.

Praxair opened for trading at $122.27 and hit $123 on the upside on Thursday, eventually ending the session at $122.85, with a gain of 0.66% or 0.81 points. The heightened volatility saw the trading volume jump to 12,24,290 shares. Company has a market cap of $35,041 M.

On the company’s financial health, Praxair reported $1.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.36. The company had revenue of $2665.00 million for the quarter, compared to analysts expectations of $2609.53 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.45 EPS.

Praxair Inc. (Praxair) 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 Praxair operates its surface technologies business through its wholly owned subsidiary Praxair Surface Technologies Inc. which represents the fifth segment. The Company’s products in its industrial gases business include atmospheric gases (oxygen nitrogen argon rare gases) and process gases (carbon dioxide helium hydrogen electronic gases specialty gases acetylene). The company also designs engineers and builds equipment that produces industrial gases primarily for internal use. The company’s surface technologies segment operated through Praxair Surface Technologies Inc. supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *