Zions Bancorporation buys $1,336,316 stake in Praxair (PX)

Praxair (PX) : Zions Bancorporation scooped up 628 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 11,444 shares of Praxair which is valued at $1,336,316.Praxair makes up approximately 0.23% of Zions Bancorporation’s portfolio.

Other Hedge Funds, Including , Capital Guardian Trust Co boosted its stake in PX in the latest quarter, The investment management firm added 23,403 additional shares and now holds a total of 618,264 shares of Praxair which is valued at $72,194,687. Praxair makes up approx 0.54% of Capital Guardian Trust Co’s portfolio.Ameritas Investment Partners boosted its stake in PX in the latest quarter, The investment management firm added 236 additional shares and now holds a total of 23,964 shares of Praxair which is valued at $2,798,276. Praxair makes up approx 0.18% of Ameritas Investment Partners’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in PX in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 51,380 shares of Praxair which is valued at $5,989,880. Praxair makes up approx 0.13% of Oregon Public Employees Retirement Fund’s portfolio.Strs Ohio boosted its stake in PX in the latest quarter, The investment management firm added 580 additional shares and now holds a total of 177,846 shares of Praxair which is valued at $21,046,296. Praxair makes up approx 0.09% of Strs Ohio’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.

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