Praxair (PX) : Fox Run Management L.l.c. scooped up 4,000 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 7,100 shares of Praxair which is valued at $839,717.Praxair makes up approximately 0.39% of Fox Run Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Farmers Merchants Investments Inc boosted its stake in PX in the latest quarter, The investment management firm added 1,925 additional shares and now holds a total of 24,865 shares of Praxair which is valued at $2,940,784. Praxair makes up approx 0.32% of Farmers Merchants Investments Inc’s portfolio. Boys Arnold Co Inc added PX to its portfolio by purchasing 6,537 company shares during the most recent quarter which is valued at $775,680. Praxair makes up approx 0.13% of Boys Arnold Co Inc’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in PX in the latest quarter, The investment management firm added 4,490 additional shares and now holds a total of 73,841 shares of Praxair which is valued at $8,472,516. Praxair makes up approx 0.18% of Exxonmobil Investment Management Inc Tx’s portfolio.Chicago Trust Co Na reduced its stake in PX by selling 250 shares or 8.85% in the most recent quarter. The Hedge Fund company now holds 2,575 shares of PX which is valued at $295,456. Praxair makes up approx 0.12% of Chicago Trust Co Na’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in PX in the latest quarter, The investment management firm added 59,159 additional shares and now holds a total of 118,864 shares of Praxair which is valued at $13,638,455. Praxair makes up approx 0.06% of Bnp Paribas Arbitrage Sa’s portfolio.
Praxair opened for trading at $118.07 and hit $118.8 on the upside on Wednesday, eventually ending the session at $118.27, with a gain of 0.08% or 0.09 points. The heightened volatility saw the trading volume jump to 4,80,908 shares. Company has a market cap of $33,738 M.
On the company’s financial health, Praxair reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $1.27. The company had revenue of $2509.00 million for the quarter, compared to analysts expectations of $2476.99 million. The company’s revenue was down -9.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 EPS.
Many Wall Street Analysts have commented on Praxair. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 120 from a previous price target of $112 .
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.