Coastline Trust Co Lowers stake in Praxair (PX)

Praxair (PX) : Coastline Trust Co reduced its stake in Praxair by 0.09% during the most recent quarter end. The investment management company now holds a total of 32,743 shares of Praxair which is valued at $3,872,515 after selling 30 shares in Praxair , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Praxair makes up approximately 0.77% of Coastline Trust Co’s portfolio.

Other Hedge Funds, Including , Trust Co Of Vermont boosted its stake in PX in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 9,544 shares of Praxair which is valued at $1,128,769. Praxair makes up approx 0.15% of Trust Co Of Vermont’s portfolio.Neville Rodie Shaw Inc reduced its stake in PX by selling 2,055 shares or 19.32% in the most recent quarter. The Hedge Fund company now holds 8,584 shares of PX which is valued at $1,009,049. Praxair makes up approx 0.12% of Neville Rodie Shaw Inc’s portfolio. Contravisory Investment Management added PX to its portfolio by purchasing 18 company shares during the most recent quarter which is valued at $2,116.Naples Global Advisors boosted its stake in PX in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 11,750 shares of Praxair which is valued at $1,381,213. Praxair makes up approx 0.56% of Naples Global Advisors’s portfolio.Factory Mutual Insurance Co boosted its stake in PX in the latest quarter, The investment management firm added 35,000 additional shares and now holds a total of 491,000 shares of Praxair which is valued at $57,717,050. Praxair makes up approx 0.74% of Factory Mutual Insurance Co’s portfolio.

Praxair opened for trading at $118.07 and hit $118.8 on the upside on Wednesday, eventually ending the session at $118.27, with a gain of 0.08% or 0.09 points. The heightened volatility saw the trading volume jump to 4,80,908 shares. Company has a market cap of $33,738 M.

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 .

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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