Praxair, Inc. (NYSE:PX) Releases Q3 Earnings Guidance

(NYSE:PX) by 2.1% during the first quarter, Holdings Channel reports. The institutional investor held 4,095 shares of the biological products (no diagnostic substances) company at the end of 2016Q4, valued at $599,000, up from 1,951 at the end of the previous reported quarter. AQR Capital Management LLC's holdings in Praxair were worth $2,415,000 as of its most recent SEC filing. Carroll Financial Associates Inc. raised its position in Praxair by 16.5% in the first quarter. Accern also assigned news coverage about the basic materials company an impact score of 90 out of 100, indicating that recent news coverage is very likely to have an impact on the company's share price in the near future. Egerton Capital UK LLP increased its stake in Praxair by 10.1% in the first quarter. Parnassus Investments CA now owns 6,401,228 shares of the basic materials company's stock valued at $737,895,000 after buying an additional 2,091,079 shares in the last quarter. State Treasurer State of MI now owns 93,945 shares of the basic materials company's stock worth $12,452,000 after buying an additional 300 shares during the period. State Treasurer State of MI increased its position in shares of Praxair by 0.3% in the second quarter. Parnassus Investments CA now owns 6,401,228 shares of the basic materials company's stock worth $737,895,000 after buying an additional 2,091,079 shares during the period. Finally, Egerton Capital UK LLP boosted its stake in Praxair by 10.1% in the first quarter. Wellington Management Group LLP now owns 7,589,771 shares of the basic materials company's stock worth $900,147,000 after buying an additional 446,016 shares during the period.

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Praxair, Inc. has a 12-month low of $114.43 and a 12-month high of $138.69. Praxair, Inc. The stock has a market cap of $38.53 billion, a P/E ratio of 25.38 and a beta of 0.94.

Shares of the company are trading at $132.71 just below the 50 day moving average of $134.07 and which is marginally over the 200 day moving average of $124.52.

Praxair, Inc. (NYSE:PX) updated its third quarter earnings guidance on Thursday. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.04.

German industrial gases group Linde beat expectations with a 2 percent increase in second-quarter operating profit thanks to Asia and Europe as competitive tenders for US contracts weighed on its American healthcare business. Praxair had a net margin of 14.26% and a return on equity of 28.42%. The business's revenue was up 6.3% on a year-over-year basis.

They expect $1.43 EPS, up 2.8% or $0.04 from last year's $1.39 per share. On average, analysts anticipate that Praxair, Inc. will post $5.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. The dividend was $0.788 per share for the quarter or $3.15 on an annualized basis. This dividend represents a yield of $2.32. The ex-dividend date is Wednesday, September 6th. Praxair's dividend payout ratio is 59.10%. The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 46.65 for Praxair, Inc. "(PX) Posts In Line Q2 Earnings, Beats Revenue" and published on July 27, 2017 is yet another important article. The correct version of this piece of content can be viewed at

A number of research firms recently weighed in on PX. BidaskClub lowered shares of Praxair from a "buy" rating to a "hold" rating in a research report on Tuesday. Zacks Investment Research cut Praxair from a "hold" rating to a "sell" rating in a report on Monday, April 3rd. J P Morgan Chase & Co reissued an "overweight" rating and set a $156.00 target price (up from $130.00) on shares of Praxair in a research note on Sunday, June 11th. Barclays PLC increased their target price on shares of Praxair from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Monday, May 1st. Their average price target spell out an upbeat performance - a -99% and would give PX a market capitalization of almost $458.16M.

At the moment 19 analysts are watching Praxair, Inc. Its 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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