Gw Henssler Associates Ltd buys $3,247,324 stake in Praxair (PX)

Praxair (PX) : Gw Henssler Associates Ltd scooped up 3,804 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 27,147 shares of Praxair which is valued at $3,247,324.Praxair makes up approximately 0.38% of Gw Henssler Associates Ltd’s portfolio.

Praxair closed down -0.97 points or -0.81% at $118.45 with 14,93,655 shares getting traded on Wednesday. Post opening the session at $119.49, the shares hit an intraday low of $117.63 and an intraday high of $119.53 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Schaper Benz Wise Investment Counsel Incwi boosted its stake in PX in the latest quarter, The investment management firm added 2,010 additional shares and now holds a total of 64,030 shares of Praxair which is valued at $7,659,269. Praxair makes up approx 1.41% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.Lebenthal Holdingsllc boosted its stake in PX in the latest quarter, The investment management firm added 3,016 additional shares and now holds a total of 8,557 shares of Praxair which is valued at $1,023,588. Praxair makes up approx 0.18% of Lebenthal Holdingsllc’s portfolio.Private Bank Trust Co reduced its stake in PX by selling 7 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 4,040 shares of PX which is valued at $483,265. Praxair makes up approx 0.08% of Private Bank Trust Co’s portfolio.Jacobs Coca boosted its stake in PX in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 2,285 shares of Praxair which is valued at $265,791. Praxair makes up approx 0.06% of Jacobs Coca’s portfolio.Somerset Trust Co boosted its stake in PX in the latest quarter, The investment management firm added 356 additional shares and now holds a total of 9,052 shares of Praxair which is valued at $1,052,929. Praxair makes up approx 0.69% of Somerset Trust Co’s portfolio.

On the company’s financial health, Praxair reported $1.47 EPS for the quarter, based on the information available during the earnings call on Jan 29, 2016. Analyst had a consensus estimate of $1.47. The company had revenue of $2595.00 million for the quarter, compared to analysts expectations of $2655.70 million. The company’s revenue was down -13.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.57 EPS.

Many Wall Street Analysts have commented on Praxair. Company shares were Downgraded by Deutsche Bank on Apr 4, 2016 to ” Hold”, Firm has raised the Price Target to $ 120 from a previous price target of $114 .Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Neutral”, Firm has raised the Price Target to $ 117 from a previous price target of $107 .Praxair was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Feb 2, 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.

Leave a Reply

Praxair - Is it time to Sell?

Top Brokerage Firms are advising their investors on Praxair. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.