Praxair, Inc. 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, the Company operates its surface technologies business through its 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.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Chemicals - Major Diversified
- Sub-Industry: Industrial Gases
- Exchange: NYSE
- Symbol: PX
- CUSIP: 74005P10
- Previous Close: $117.42
- 50 Day Moving Average: $117.21
- 200 Day Moving Average: $118.61
- 52-Week Range: $100.80 - $125.00
- Trailing P/E Ratio: 22.54
- Foreward P/E Ratio: 18.91
- P/E Growth: 3.19
- Market Cap: $33.55B
- Outstanding Shares: 285,720,000
- Beta: 0.98
- Net Margins: 14.24%
- Return on Equity: 28.75%
- Return on Assets: 8.08%
Companies Related to Praxair:
- Debt-to-Equity Ratio: 1.64%
- Current Ratio: 1.16%
- Quick Ratio: 0.94%
What is Praxair's stock symbol?
Praxair trades on the New York Stock Exchange (NYSE) under the ticker symbol "PX."
How often does Praxair pay dividends? What is the dividend yield for Praxair?
Praxair declared a quarterly dividend on Thursday, January 26th. Shareholders of record on Tuesday, March 7th will be paid a dividend of $0.7875 per share on Wednesday, March 15th. This represents a $3.15 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, March 3rd. This is a boost from Praxair's previous quarterly dividend of $0.75.
Where is Praxair's stock going? Where will Praxair's stock price be in 2017?
16 analysts have issued 1-year target prices for Praxair's stock. Their forecasts range from $102.00 to $140.00. On average, they expect Praxair's stock price to reach $118.83 in the next twelve months.
When will Praxair announce their earnings?
Praxair is scheduled to release their next quarterly earnings announcement on Thursday, April, 27th 2017.
What are analysts saying about Praxair stock?
Here are some recent quotes from research analysts about Praxair stock:
According to Zacks Investment Research, "After the release of third-quarter 2016 results, shares of Praxair underperformed the Zacks categorized Chemicals diversified industry. Also, the company's exposure to risks arising from higher production costs, stiff competition, and high debt levels might adversely impact its financials in the near term. For 2016, the company revised its earnings guidance to $5.45-$5.60 per share range versus $5.35-$5.70 expected earlier. Forex woes are predicted to adversely impact earnings by 3% while manufacturing and metal volumes will be weak in 2016. However, we believe Praxair is well positioned to leverage benefits from its diversified product portfolio, a large client base and organic and inorganic growth strategies in the long term. By 2017, it aims to achieve a high single-digit sales growth rate, including 2-3% contribution from base volume growth, 1-2% from price, 3-4% from projects and 1% from acquisitions." (12/19/2016)
Argus analysts commented, "Given these relatively high valuation metrics, our rating remains HOLD," (8/16/2016)
Credit Suisse Group analysts commented, "We expect similar trends during the 1H16, with modest margin improvement, new contracts and the potential for M&A to act as a tailwind; we note that the timing of M&A (we see a wide breadth of targets) may affect the timing of a buy-back. Bottom line, in our view, self- created tailwinds are certainly a positive, but due to our somewhat cautious view of the world, we view the near term risk/reward as relatively balanced. Share price performance 96 106 116 Mar-15 Jun-15 Sep-15 Dec-15 Daily Mar 24, 2015 – Mar 22, 2016, 3/24/15 = US$121.55 Price Indexed S&P 500 INDEX On 03/22/16 the S&P 500 INDEX closed at 2049.8 Quarterly EPS Q1 Q2 Q3 Q4 2015A 1.43 1.45 1.46 1.37 2016E 1.28 1.38 1.47 1.51 2017E 1.43 1.48 1.60 1.64 Financial and valuation metrics Year 12/15A 12/16E 12/17E EPS (CS adj.) (US$) 5.71 5.65 6.15 Prev. EPS (US$) — 5.50 5.95 P/E (x) 19.8 20.0 18.4 P/E rel." (3/24/2016)
Who owns Praxair stock?
Praxair's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (4.81%), Franklin Resources Inc. (2.08%), Davis Selected Advisers (1.04%), Aberdeen Asset Management PLC UK (0.84%), DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (0.33%) and Santa Barbara Asset Management LLC (0.28%). Company insiders that own Praxair stock include Anne K Roby, Raymond W Leboeuf, Robert L Wood and Stephen F Angel.
Who sold Praxair stock? Who is selling Praxair stock?
Praxair's stock was sold by a variety of institutional investors in the last quarter, including Ruane Cunniff & Goldfarb Inc., Aberdeen Asset Management PLC UK, Davis Selected Advisers, Capital Guardian Trust Co., Franklin Resources Inc., Credit Agricole S A, GLG LLC and Keybank National Association OH. Company insiders that have sold Praxair stock in the last year include Anne K Roby, Raymond W Leboeuf and Robert L Wood.
Who bought Praxair stock? Who is buying Praxair stock?
Praxair's stock was acquired by a variety of institutional investors in the last quarter, including DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Russell Investments Group Ltd., Asset Management One Co. Ltd., State Street Corp, Marshall Wace LLP, AKO Capital LLP, Renaissance Technologies LLC and Roystone Capital Management LP.
How do I buy Praxair stock?
Shares of Praxair can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Praxair stock cost?
One share of Praxair stock can currently be purchased for approximately $117.42.