National Pension Service buys $22,406,925 stake in Praxair (PX)

Praxair (PX) : National Pension Service scooped up 15,156 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 191,218 shares of Praxair which is valued at $22,406,925.Praxair makes up approximately 0.18% of National Pension Service’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co boosted its stake in PX in the latest quarter, The investment management firm added 744 additional shares and now holds a total of 85,597 shares of Praxair which is valued at $10,030,256. Praxair makes up approx 1.39% of Stock Yards Bank Trust Co’s portfolio.Fruth Investment Management reduced its stake in PX by selling 200 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 40,711 shares of PX which is valued at $4,768,479. Praxair makes up approx 2.41% of Fruth Investment Management’s portfolio.Simplex Trading boosted its stake in PX in the latest quarter, The investment management firm added 3,771 additional shares and now holds a total of 13,077 shares of Praxair which is valued at $1,554,201. Praxair makes up approx 0.20% of Simplex Trading’s portfolio.

Praxair opened for trading at $117.81 and hit $117.995 on the upside on Friday, eventually ending the session at $117.18, with a gain of 0.07% or 0.08 points. The heightened volatility saw the trading volume jump to 4,64,337 shares. Company has a market cap of $33,423 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.

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