Praxair (PX) : Baring Asset Management Ltd scooped up 13,817 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 121,087 shares of Praxair which is valued at $14,222,879.Praxair makes up approximately 1.17% of Baring Asset Management Ltd’s portfolio.
Praxair closed down -0.06 points or -0.05% at $117.4 with 12,90,907 shares getting traded on Monday. Post opening the session at $117.57, the shares hit an intraday low of $117.05 and an intraday high of $118.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Patriot Wealth Management boosted its stake in PX in the latest quarter, The investment management firm added 546 additional shares and now holds a total of 40,103 shares of Praxair which is valued at $4,797,121. Praxair makes up approx 0.95% of Patriot Wealth Management’s portfolio.Benjamin F. Edwards Company boosted its stake in PX in the latest quarter, The investment management firm added 344 additional shares and now holds a total of 6,110 shares of Praxair which is valued at $710,715. Praxair makes up approx 0.15% of Benjamin F. Edwards Company’s portfolio.
On the company’s financial health, Praxair reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $1.27. The company had revenue of $2509.00 million for the quarter, compared to analysts expectations of $2476.99 million. The company’s revenue was down -9.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 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 .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 Inc. (Praxair) is an industrial gas supplier in North and South America Asia and Europe. The Companys 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 Companys 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 companys surface technologies segment operated through Praxair Surface Technologies Inc. supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.