Praxair (PX) : Cadence Capital Management scooped up 5,993 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 102,508 shares of Praxair which is valued at $11,950,383.Praxair makes up approximately 0.87% of Cadence Capital Management’s portfolio.
Other Hedge Funds, Including , Sg Americas Securities boosted its stake in PX in the latest quarter, The investment management firm added 1,719 additional shares and now holds a total of 15,360 shares of Praxair which is valued at $1,790,669. Praxair makes up approx 0.01% of Sg Americas Securities’s portfolio. Quantitative Investment Management added PX to its portfolio by purchasing 10,400 company shares during the most recent quarter which is valued at $1,212,432. Praxair makes up approx 0.05% of Quantitative Investment Management’s portfolio.Norris Perne French Llpmi reduced its stake in PX by selling 2,587 shares or 4.06% in the most recent quarter. The Hedge Fund company now holds 61,070 shares of PX which is valued at $7,227,024. Praxair makes up approx 1.51% of Norris Perne French Llpmi’s portfolio.Pacwest Financial Management Inc boosted its stake in PX in the latest quarter, The investment management firm added 535 additional shares and now holds a total of 14,198 shares of Praxair which is valued at $1,668,975. Praxair makes up approx 1.02% of Pacwest Financial Management Inc’s portfolio.Alpha Windward boosted its stake in PX in the latest quarter, The investment management firm added 287 additional shares and now holds a total of 2,648 shares of Praxair which is valued at $303,832. Praxair makes up approx 0.22% of Alpha Windward’s portfolio.
Praxair opened for trading at $117.07 and hit $117.57 on the upside on Monday, eventually ending the session at $116.81, with a gain of 0.09% or 0.1 points. The heightened volatility saw the trading volume jump to 8,84,449 shares. Company has a market cap of $33,318 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.
Investors should note that on Jul 28, 2016, Praxair announced a cash dividend of $0.7500. The company’s management has announced Sep 6, 2016 as the ex-dividend date and fixed the record date on Sep 8, 2016. The payable date has been fixed on Sep 15, 2016.
Praxair Inc. (Praxair) is an industrial gas supplier in North and South America Asia and Europe. The Companys 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 Companys 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 companys surface technologies segment operated through Praxair Surface Technologies Inc. supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.