The institutional investor owned 15,426 shares of the company's stock after selling 972 shares during the period. Coho Partners Ltd. boosted its holdings in Praxair by 776.9% during the 2nd quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. boosted its stake in shares of Praxair by 66.5% in the second quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company's stock worth $100,000 after acquiring an additional 430 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in Praxair by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 71,053,604 shares of the utilities provider's stock worth $3,402,047,000 after purchasing an additional 2,295,466 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Praxair by 23.5% in the second quarter. Federated Investors Inc. PA now owns 10,057 shares of the basic materials company's stock valued at $1,333,000 after acquiring an additional 3,228 shares during the period. TCI Wealth Advisors Inc. grew its stake in shares of Praxair by 7.0% during the second quarter. Mosaic Family Wealth LLC now owns 1,309 shares of the basic materials company's stock valued at $173,000 after acquiring an additional 77 shares during the period. Praxair's revenue was up 7.6% compared to the same quarter a year ago. Usca Ria LLC now owns 1,997 shares of the basic materials company's stock worth $265,000 after acquiring an additional 60 shares during the last quarter.
Hikari Power Ltd raised its position in shares of Praxair, Inc. Praxair, Inc. (NYSE:PX) has risen 17.42% since January 12, 2017 and is uptrending. Praxair has a 1 year low of $115.53 and a 1 year high of $166.08. The firm has a market cap of $47,000.00, a PE ratio of 29.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.00. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm posted $1.41 earnings per share. research analysts forecast that Praxair will post 5.81 earnings per share for the current year. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 EPS. analysts expect that Praxair will post 5.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, December 7th were paid a $0.7875 dividend. PointState Capital LP bought a new position in Praxair in the 2nd quarter worth $76,481,000. The ex-dividend date was Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a yield of 1.94%. Praxair's payout ratio is 56.05%. Zacks Investment Research upgraded shares of Praxair from a "sell" rating to a "hold" rating in a report on Tuesday, November 22nd. Susquehanna Bancshares upped their price objective on shares of Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. HSBC Holdings plc started coverage on shares of Praxair in a report on Tuesday, November 29th. They set an "underweight" rating and a $46.00 price objective for the company. Finally, UBS Group boosted their price target on Praxair from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, October 27th. Jefferies Group reaffirmed a "buy" rating and set a $162.00 target price on shares of Praxair in a report on Thursday, October 19th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. The company presently has an average rating of "Buy" and a consensus price target of $159.86. The shares were sold at an average price of $117.26, for a total value of $768,053.00.
Locust Wood Capital Advisers Llc, which manages about $781.63M and $1.06B US Long portfolio, decreased its stake in Honeywell Intl Inc (NYSE:HON) by 51,809 shares to 237,434 shares, valued at $33.65 million in 2017Q3, according to the filing. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The stock increased 0.21% or $0.34 during the last trading session, reaching $164.15. Northern Tru stated it has 0.14% of its portfolio in Praxair, Inc. In addition, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.