Locust Wood Capital Advisers buys $48,427,430 stake in Praxair (PX)

Praxair (PX) : Locust Wood Capital Advisers scooped up 121,766 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 411,448 shares of Praxair which is valued at $48,427,430.Praxair makes up approximately 5.18% of Locust Wood Capital Advisers’s portfolio.

Other Hedge Funds, Including , Winslow Evans Crocker reduced its stake in PX by selling 148 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 5,082 shares of PX which is valued at $598,151. Praxair makes up approx 0.17% of Winslow Evans Crocker’s portfolio. Cibc World Markets added PX to its portfolio by purchasing 9,406 company shares during the most recent quarter which is valued at $1,107,086.Windward Capital Management Co Ca boosted its stake in PX in the latest quarter, The investment management firm added 890 additional shares and now holds a total of 131,652 shares of Praxair which is valued at $15,621,826. Praxair makes up approx 2.92% of Windward Capital Management Co Ca’s portfolio.Douglass Winthrop Advisors reduced its stake in PX by selling 17,719 shares or 7.61% in the most recent quarter. The Hedge Fund company now holds 215,178 shares of PX which is valued at $25,294,174. Praxair makes up approx 1.84% of Douglass Winthrop Advisors’s portfolio.Atria Investments reduced its stake in PX by selling 222 shares or 6.52% in the most recent quarter. The Hedge Fund company now holds 3,183 shares of PX which is valued at $374,162. Praxair makes up approx 0.04% of Atria Investments’s portfolio.

Praxair closed down -0.57 points or -0.49% at $116.54 with 12,56,259 shares getting traded on Friday. Post opening the session at $116.49, the shares hit an intraday low of $115.52 and an intraday high of $116.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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 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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