Headinvest buys $5,276,951 stake in Praxair (PX)

Praxair (PX) : Headinvest scooped up 1,960 additional shares in Praxair during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 44,430 shares of Praxair which is valued at $5,276,951.Praxair makes up approximately 1.88% of Headinvest’s portfolio.

Other Hedge Funds, Including , Raymond James Trust N.a. boosted its stake in PX in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 13,806 shares of Praxair which is valued at $1,639,739. Praxair makes up approx 0.14% of Raymond James Trust N.a.’s portfolio.Trust Co Of Oklahoma reduced its stake in PX by selling 160 shares or 3.71% in the most recent quarter. The Hedge Fund company now holds 4,150 shares of PX which is valued at $493,228. Praxair makes up approx 0.27% of Trust Co Of Oklahoma’s portfolio.Washington Trust Bank boosted its stake in PX in the latest quarter, The investment management firm added 304 additional shares and now holds a total of 12,527 shares of Praxair which is valued at $1,507,750. Praxair makes up approx 0.36% of Washington Trust Bank’s portfolio.Bath Savings Trust Co reduced its stake in PX by selling 1,110 shares or 17.4% in the most recent quarter. The Hedge Fund company now holds 5,271 shares of PX which is valued at $634,418. Praxair makes up approx 0.20% of Bath Savings Trust Co’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.

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