Taylor Cottrill Erickson Associates buys $2,951,054 stake in Praxair (PX)

Praxair (PX) : Taylor Cottrill Erickson Associates scooped up 1,200 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 25,227 shares of Praxair which is valued at $2,951,054.Praxair makes up approximately 0.81% of Taylor Cottrill Erickson Associates’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in PX in the latest quarter, The investment management firm added 26,820 additional shares and now holds a total of 664,819 shares of Praxair which is valued at $77,657,507. Praxair makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio.Bank Of The West reduced its stake in PX by selling 17,581 shares or 67.27% in the most recent quarter. The Hedge Fund company now holds 8,555 shares of PX which is valued at $998,454. Praxair makes up approx 0.14% of Bank Of The West’s portfolio.Tortoise Investment Management boosted its stake in PX in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 859 shares of Praxair which is valued at $100,142. Praxair makes up approx 0.03% of Tortoise Investment Management’s portfolio.First United Bank Trust reduced its stake in PX by selling 38 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 5,935 shares of PX which is valued at $697,659. Praxair makes up approx 0.59% of First United Bank Trust’s portfolio.

Praxair closed down -0.83 points or -0.68% at $120.44 with 22,64,966 shares getting traded on Wednesday. Post opening the session at $120.96, the shares hit an intraday low of $119.07 and an intraday high of $120.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

Investors should note that on Jul 28, 2016, Praxair announced a cash dividend of $0.7500. The company’s management has announced Sep 6, 2016 as the ex-dividend date and fixed the record date on Sep 8, 2016. The payable date has been fixed on Sep 15, 2016.

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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