Catawba Capital Management Va buys $1,063,945 stake in Praxair (PX)

Praxair (PX) : Catawba Capital Management Va scooped up 1,797 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 8,952 shares of Praxair which is valued at $1,063,945.Praxair makes up approximately 0.26% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in PX by selling 1,011 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 72,830 shares of PX which is valued at $8,655,846. Praxair makes up approx 0.18% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PX by selling 94,795 shares or 79.75% in the most recent quarter. The Hedge Fund company now holds 24,069 shares of PX which is valued at $2,896,945. Praxair makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in PX in the latest quarter, The investment management firm added 18,466 additional shares and now holds a total of 52,565 shares of Praxair which is valued at $6,326,723. Praxair makes up approx 1.16% of Franklin Street Advisors Inc Nc’s portfolio. Eqis Capital Management sold out all of its stake in PX during the most recent quarter. The investment firm sold 3,004 shares of PX which is valued $361,561.

Praxair closed down -2 points or -1.65% at $118.85 with 11,26,144 shares getting traded on Friday. Post opening the session at $121.16, the shares hit an intraday low of $118.32 and an intraday high of $121.16 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.

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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