Fruth Investment Management Lowers stake in Praxair (PX)

Praxair (PX) : Fruth Investment Management reduced its stake in Praxair by 0.49% during the most recent quarter end. The investment management company now holds a total of 40,711 shares of Praxair which is valued at $4,768,479 after selling 200 shares in Praxair , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Praxair makes up approximately 2.41% of Fruth Investment Management’s portfolio.

Other Hedge Funds, Including , Patten Patten Inctn reduced its stake in PX by selling 875 shares or 11.85% in the most recent quarter. The Hedge Fund company now holds 6,507 shares of PX which is valued at $762,165. Praxair makes up approx 0.10% of Patten Patten Inctn’s portfolio.Cutler Group Lp boosted its stake in PX in the latest quarter, The investment management firm added 3,692 additional shares and now holds a total of 3,940 shares of Praxair which is valued at $467,954. Praxair makes up approx 0.03% of Cutler Group Lp’s portfolio.Mitchell Sinkler Starrpa reduced its stake in PX by selling 65 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 3,309 shares of PX which is valued at $393,010. Praxair makes up approx 0.62% of Mitchell Sinkler Starrpa’s portfolio.Pacwest Financial Management Inc reduced its stake in PX by selling 135 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 14,063 shares of PX which is valued at $1,670,263. Praxair makes up approx 1.02% of Pacwest Financial Management Inc’s portfolio.Catawba Capital Management Va boosted its stake in PX in the latest quarter, The investment management firm added 1,797 additional shares and now holds a total of 8,952 shares of Praxair which is valued at $1,063,945. Praxair makes up approx 0.26% of Catawba Capital Management Va’s portfolio.

Praxair closed down -1.64 points or -1.38% at $117.13 with 10,95,794 shares getting traded on Tuesday. Post opening the session at $118.36, the shares hit an intraday low of $116.33 and an intraday high of $118.42 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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.