Vigilant Capital Management Lowers stake in Praxair (PX)

Praxair (PX) : Vigilant Capital Management reduced its stake in Praxair by 1.17% during the most recent quarter end. The investment management company now holds a total of 63,969 shares of Praxair which is valued at $7,495,887 after selling 760 shares in Praxair , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Praxair makes up approximately 1.35% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Webster Bank N. A. reduced its stake in PX by selling 45 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 2,837 shares of PX which is valued at $332,440. Praxair makes up approx 0.05% of Webster Bank N. A.’s portfolio.Howland Capital Management boosted its stake in PX in the latest quarter, The investment management firm added 1,526 additional shares and now holds a total of 33,218 shares of Praxair which is valued at $3,889,828. Praxair makes up approx 0.37% of Howland Capital Management’s portfolio.Cutler Group Lp boosted its stake in PX in the latest quarter, The investment management firm added 3,692 additional shares and now holds a total of 3,940 shares of Praxair which is valued at $467,954. Praxair makes up approx 0.03% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PX by selling 94,795 shares or 79.75% in the most recent quarter. The Hedge Fund company now holds 24,069 shares of PX which is valued at $2,896,945. Praxair makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in PX by selling 14,523 shares or 5.54% in the most recent quarter. The Hedge Fund company now holds 247,504 shares of PX which is valued at $29,789,581. Praxair makes up approx 0.16% of Chevy Chase Trust Holdings’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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