Praxair Company Profile (NYSE:PX)

About Praxair (NYSE:PX)

Praxair logoPraxair, Inc. is an industrial gas company. 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, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. Its operations consist of two product lines: industrial gases and surface technologies. Its industrial gases product line centers on the manufacturing and distribution of atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases). It also designs, engineers and builds equipment that produces industrial gases primarily for internal use. Its 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
  • Symbol: NYSE:PX
  • CUSIP: 74005P10
  • Web:
  • Market Cap: $37.09 billion
  • Outstanding Shares: 285,353,000
Average Prices:
  • 50 Day Moving Avg: $124.35
  • 200 Day Moving Avg: $119.82
  • 52 Week Range: $106.31 - $131.74
  • Trailing P/E Ratio: 24.67
  • Foreward P/E Ratio: 20.76
  • P/E Growth: 3.14
Sales & Book Value:
  • Annual Revenue: $10.75 billion
  • Price / Sales: 3.45
  • Book Value: $19.38 per share
  • Price / Book: 6.71
  • Annual Dividend: $3.00
  • Dividend Yield: 2.4%
  • EBIDTA: $3.5 billion
  • Net Margins: 14.24%
  • Return on Equity: 28.75%
  • Return on Assets: 8.08%
  • Debt-to-Equity Ratio: 1.64%
  • Current Ratio: 1.16%
  • Quick Ratio: 0.94%
  • Average Volume: 1.32 million shs.
  • Beta: 0.98
  • Short Ratio: 3.33

Frequently Asked Questions for Praxair (NYSE:PX)

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 announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.7875 per share on Thursday, June 15th. This represents a $3.15 annualized dividend and a yield of 2.42%. The ex-dividend date is Monday, June 5th. View Praxair's Dividend History.

How were Praxair's earnings last quarter?

Praxair, Inc. (NYSE:PX) announced its earnings results on Thursday, April, 27th. The company reported $1.37 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.33 by $0.04. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.62 billion. Praxair had a return on equity of 28.75% and a net margin of 14.24%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 EPS. View Praxair's Earnings History.

What guidance has Praxair issued on next quarter's earnings?

Praxair updated its FY17 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $5.55-5.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.72. Praxair also updated its Q2 guidance to $1.38-1.43 EPS.

Where is Praxair's stock going? Where will Praxair's stock price be in 2017?

15 brokerages have issued 1-year price objectives for Praxair's stock. Their predictions range from $107.00 to $140.00. On average, they expect Praxair's stock price to reach $122.67 in the next year. View Analyst Ratings for Praxair.

What are analysts saying about Praxair stock?

Here are some recent quotes from research analysts about Praxair stock:

  • 1. According to Zacks Investment Research, "Over the last one month, Praxair's shares outperformed the Zacks categorized Chemicals Diversified industry. We believe the company 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. In first-quarter 2017, the company's earnings and revenues beating their respective estimates by 3% and 3.7%. For 2017, the company anticipates benefitting from a talented workforce, sound product portfolio and new project wins. Base volume growth is predicted to be in sync with the prevailing macro conditions. It increased the lower-end of its previously projected guidance range of $5.45-$5.80 per share by $0.10 to $5.55-$5.80. Forex woes are predicted to adversely impact earnings by 1%. Also, the company is exposed to risks arising from stiff competition, and high debt levels." (4/28/2017)
  • 2. Argus analysts commented, "Given these relatively high valuation metrics, our rating remains HOLD," (8/16/2016)

Who are some of Praxair's key competitors?

Who owns Praxair stock?

Praxair's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.10%), BlackRock Inc. (6.18%), SOROBAN CAPITAL PARTNERS LP (6.20%), State Street Corp (4.84%), Bank of New York Mellon Corp (3.82%) and Wellington Management Group LLP (2.66%). Company insiders that own Praxair stock include Anne K Roby, Raymond W Leboeuf, Robert L Wood and Stephen F Angel. View Institutional Ownership Trends for Praxair.

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 Vanguard Group Inc., Marshall Wace LLP, Findlay Park Partners LLP, Canada Pension Plan Investment Board, WCM Investment Management CA, Korea Investment CORP, UBS Asset Management Americas Inc. and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Praxair stock in the last year include Anne K Roby and Raymond W Leboeuf. View Insider Buying and Selling for Praxair.

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 BlackRock Inc., Parnassus Investments CA, Renaissance Technologies LLC, CI Global Investments Inc., MARSHALL WACE ASIA Ltd, Wellington Management Group LLP, Madison Investment Holdings Inc. and OMERS ADMINISTRATION Corp. View Insider Buying and Selling for Praxair.

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 $129.97.

Analyst Ratings

Consensus Ratings for Praxair (NYSE:PX) (?)
Ratings Breakdown: 2 Sell Ratings, 11 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $122.67 (5.62% downside)

Analysts' Ratings History for Praxair (NYSE:PX)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/1/2017Barclays PLCBoost Price TargetEqual Weight$125.00 -> $135.00LowView Rating Details
2/13/2017Evercore ISIInitiated CoverageSell$107.00N/AView Rating Details
2/1/2017Seaport Global SecuritiesDowngradeAccumulate -> NeutralN/AView Rating Details
1/27/2017JPMorgan Chase & Co.UpgradeNeutral -> Overweight$125.00N/AView Rating Details
1/6/2017Bank of America CorpUpgradeUnderperform -> NeutralN/AView Rating Details
12/22/2016CLSADowngradeOutperform -> UnderperformN/AView Rating Details
12/15/2016Vertical GroupUpgradeSell -> HoldN/AView Rating Details
12/14/2016Vertical ResearchUpgradeSell -> Hold$120.00N/AView Rating Details
11/29/2016HSBC Holdings plcInitiated CoverageHold$113.00N/AView Rating Details
9/30/2016Jefferies Group LLCReiterated RatingBuy$140.00N/AView Rating Details
9/13/2016Morgan StanleyInitiated CoverageNeutral -> Equal Weight$125.00N/AView Rating Details
8/16/2016ArgusReiterated RatingHoldN/AView Rating Details
7/29/2016Deutsche Bank AGReiterated RatingHoldN/AView Rating Details
7/29/2016Credit Suisse Group AGReiterated RatingHold$117.00N/AView Rating Details
7/29/2016Citigroup IncLower Price TargetNeutral$123.00 -> $122.00N/AView Rating Details
4/12/2016Goldman Sachs Group IncBoost Price Target$97.00 -> $102.00N/AView Rating Details
2/22/2016Susquehanna Bancshares IncBoost Price TargetNeutral$106.00 -> $110.00N/AView Rating Details
2/1/2016Robert W. BairdLower Price TargetNeutral$120.00 -> $106.00N/AView Rating Details
12/14/2015KeyCorpReiterated RatingBuy$120.00 -> $118.00N/AView Rating Details
(Data available from 5/24/2015 forward)


Earnings History for Praxair (NYSE:PX)
Earnings by Quarter for Praxair (NYSE:PX)
Earnings History by Quarter for Praxair (NYSE:PX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$1.33$1.37$2.62 billion$2.73 billionViewN/AView Earnings Details
1/26/2017Q416$1.41$1.41$2.66 billion$2.60 billionViewN/AView Earnings Details
10/27/2016Q316$1.40$1.41$2.70 billion$2.70 billionViewListenView Earnings Details
7/28/2016Q216$1.36$1.39$2.60 billion$2.70 billionViewListenView Earnings Details
4/29/2016Q116$1.27$1.28$2.49 billion$2.51 billionViewListenView Earnings Details
1/29/2016Q415$1.47$1.47$2.67 billion$2.60 billionViewListenView Earnings Details
10/29/2015Q315$1.45$1.46$2.78 billion$2.70 billionViewListenView Earnings Details
7/29/2015Q215$1.45$1.45$2.86 billion$2.70 billionViewListenView Earnings Details
4/29/2015Q115$1.44$1.43$2.96 billion$2.80 billionViewN/AView Earnings Details
1/28/2015Q414$1.57$1.57$3.08 billion$3.00 billionViewListenView Earnings Details
10/29/2014Q314$1.63$1.62$3.17 billion$3.10 billionViewListenView Earnings Details
7/23/2014Q214$1.59$1.58$3.16 billion$3.11 billionViewN/AView Earnings Details
4/23/2014Q114$1.51$1.51$3.06 billion$3.00 billionViewListenView Earnings Details
1/29/2014Q413$1.55$1.59$3.05 billion$3.00 billionViewListenView Earnings Details
10/30/2013Q313$1.52$1.51$3.03 billion$3.00 billionViewListenView Earnings Details
7/24/2013Q2 2013$1.49$1.49$3.00 billion$3.01 billionViewListenView Earnings Details
4/24/2013Q1 2013$1.38$1.38$2.89 billion$2.89 billionViewListenView Earnings Details
1/23/2013Q4 2012$1.38$1.38$2.78 billion$2.80 billionViewListenView Earnings Details
10/24/2012$1.39$1.39ViewN/AView Earnings Details
7/25/2012$1.42$1.42ViewN/AView Earnings Details
4/25/2012$1.36$1.38ViewN/AView Earnings Details
1/25/2012$1.37$1.36ViewN/AView Earnings Details
10/26/2011$1.39$1.40ViewN/AView Earnings Details
7/27/2011$1.37$1.38ViewN/AView Earnings Details
4/27/2011$1.26$1.29ViewN/AView Earnings Details
1/26/2011$1.23$1.25ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Praxair (NYSE:PX)
2017 EPS Consensus Estimate: $5.68
2018 EPS Consensus Estimate: $6.36
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$1.30$1.34$1.32
Q2 20174$1.40$1.49$1.44
Q3 20174$1.44$1.50$1.47
Q4 20174$1.44$1.49$1.46
Q1 20181$1.49$1.49$1.49
Q2 20181$1.64$1.64$1.64
Q3 20181$1.64$1.64$1.64
Q4 20181$1.59$1.59$1.59
(Data provided by Zacks Investment Research)


Current Dividend Information for Praxair (NYSE:PX)
Next Dividend:6/15/2017
Annual Dividend:$3.00
Dividend Yield:2.31%
Dividend Growth:7.70% (3 Year Average)
Payout Ratio:57.47% (Trailing 12 Months of Earnings)
54.84% (Based on This Year's Estimates)
47.92% (Based on Next Year's Estimates)
Track Record:12 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Praxair (NYSE:PX)

Dividend History by Quarter for Praxair (NYSE:PX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Praxair (NYSE:PX)
Insider Ownership Percentage: 0.22%
Institutional Ownership Percentage: 83.03%
Insider Trades by Quarter for Praxair (NYSE:PX)
Institutional Ownership by Quarter for Praxair (NYSE:PX)
Insider Trades by Quarter for Praxair (NYSE:PX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/7/2016Raymond W LeboeufDirectorSell6,550$117.26$768,053.00View SEC Filing  
10/31/2016Anne K RobyInsiderSell17,103$117.40$2,007,892.20View SEC Filing  
5/6/2016Robert L WoodDirectorSell6,550$114.34$748,927.00View SEC Filing  
1/7/2016Stephen F AngelCEOBuy5,000$97.80$489,000.00View SEC Filing  
9/23/2015Stephen F AngelCEOBuy5,000$101.54$507,700.00View SEC Filing  
9/8/2015Stephen F AngelCEOBuy5,000$103.56$517,800.00View SEC Filing  
5/8/2015Robert L WoodDirectorSell7,620$121.68$927,201.60View SEC Filing  
3/2/2015Stephen F AngelCEOSell182,028$129.10$23,499,814.80View SEC Filing  
2/25/2015Stephen F AngelCEOSell5,472$129.00$705,888.00View SEC Filing  
2/3/2015Elizabeth T HirschVPSell16,000$122.56$1,960,960.00View SEC Filing  
2/3/2015Raymond W LeboeufDirectorSell7,620$123.05$937,641.00View SEC Filing  
11/6/2014Ira D HallDirectorSell3,900$126.46$493,194.00View SEC Filing  
11/6/2014James T BreedloveVPSell4,120$126.52$521,262.40View SEC Filing  
11/4/2014Claire W GargalliDirectorSell5,000$123.78$618,900.00View SEC Filing  
5/5/2014James BreedloveVPSell18,000$130.64$2,351,520.00View SEC Filing  
5/1/2014Claire GargalliDirectorSell2,932$130.09$381,423.88View SEC Filing  
3/4/2014Wayne SmithDirectorSell5,419$131.27$711,352.13View SEC Filing  
2/28/2014Robert WoodDirectorSell4,600$130.81$601,726.00View SEC Filing  
2/18/2014Eduardo MenezesEVPSell31,130$129.76$4,039,428.80View SEC Filing  
2/18/2014James BreedloveVPSell40,000$129.83$5,193,200.00View SEC Filing  
11/4/2013James T BreedloveVPSell2,000$123.95$247,900.00View SEC Filing  
7/29/2013Raymond W LeboeufDirectorSell5,275$119.00$627,725.00View SEC Filing  
7/26/2013James T BreedloveVPSell4,000$118.60$474,400.00View SEC Filing  
7/26/2013Raymond P RobergeSVPSell3,918$118.38$463,812.84View SEC Filing  
5/17/2013Ira D HallDirectorSell1,900$115.28$219,032.00View SEC Filing  
5/15/2013Larry D McvayDirectorSell2,859$114.65$327,784.35View SEC Filing  
5/13/2013Claire W GargalliDirectorSell1,658$113.12$187,552.96View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Praxair (NYSE:PX)
Latest Headlines for Praxair (NYSE:PX)
DateHeadline logoLinde confirms merger agreement in principle with Praxair - May 24 at 10:56 AM logoLinde board to vote on Praxair deal next week: WirtschaftsWoche - May 24 at 9:56 AM logoPraxair Introduces XactCO2 for Bars and Restaurants - May 23 at 6:48 PM logoInteresting PX Put And Call Options For June 2018 - Nasdaq - May 17 at 7:19 PM logoPraxair (PX) Hits New 52-Week High on Solid Q1 & '17 View - May 16 at 9:42 AM logoPraxair (PX) Hits New 52-Week High on Solid Q1 & '17 View - Nasdaq - May 15 at 3:40 PM logoPraxair (PX) Hits New 52-Week High on Solid Q1 & '17 View - May 15 at 9:44 AM logoPraxair Launches XactCO2, an Innovative Beverage Carbonation Solution for Restaurants and Bars - May 15 at 9:44 AM logoPraxair, Inc. (PX) Receives Average Recommendation of "Hold" from Brokerages - May 12 at 8:02 AM logoLinde chairman beats shareholder challenge over Praxair merger - May 10 at 7:01 PM logoLinde CEO defends Praxair merger at shareholder meeting - May 10 at 11:23 AM logoLinde CEO sees new company after Praxair merger based in Ireland - May 10 at 11:23 AM logoPraxair Again Named to Forbes 2017 America’s Best Employers List - May 9 at 6:57 PM logoPraxair Again Recognized for Diversity & Inclusion Performance by DiversityInc - May 8 at 6:46 PM logoPraxair: Big Breakout Opens the Way Higher - May 8 at 6:46 PM logoChallenges to Linde-Praxair merger - May 7 at 6:58 AM logoShareholder adviser challenges Linde board over merger with Praxair - May 6 at 7:15 PM logoPraxair, Inc. (PX) Expected to Post Quarterly Sales of $2.8 Billion - May 3 at 3:10 PM logoSomewhat Positive Media Coverage Very Likely to Affect Praxair (PX) Stock Price - May 3 at 1:10 AM logo Analysts Anticipate Praxair, Inc. (PX) Will Announce Earnings of $1.42 Per Share - May 1 at 4:00 PM logoPraxair, Inc. (PX) Stock Rating Reaffirmed by Barclays PLC - May 1 at 3:38 PM logoThe Zacks Analyst Blog Highlights: Comcast, Medtronic, FedEx, Praxair and Twitter - May 1 at 10:48 AM logoQ3 2017 EPS Estimates for Praxair, Inc. Increased by KeyCorp (PX) - May 1 at 8:50 AM logoQ2 2017 EPS Estimates for Praxair, Inc. (PX) Cut by Analyst - May 1 at 7:41 AM logoPraxair (PX) Receiving Somewhat Favorable Press Coverage, Analysis Shows - April 29 at 6:10 PM logoZacks Investment Research Downgrades Praxair, Inc. (PX) to Hold - April 29 at 5:36 PM logoPraxair, Inc. (PX) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS - April 29 at 1:27 AM logoPraxair, Inc. (PX) Announces Quarterly Earnings Results - April 29 at 1:27 AM logoPraxair, Inc. (PX) Issues Earnings Results - April 29 at 1:25 AM logoTechnical Roundup on Chemicals Stocks -- Air Products and Chemicals, Praxair, Eastman Chemical, and Tronox - April 28 at 8:25 PM logoPraxair (PX) Q1 2017 Results - Earnings Call Transcript - April 28 at 8:25 PM logoPraxair, Inc. (PX) Leads 13 Activist Filings - - April 28 at 3:23 PM logoLinde CFO says Praxair negotiations delayed but on track - April 28 at 3:23 PM logoPraxair, Inc. (PX) Leads 13 Activist Filings - April 28 at 1:44 PM logoQ3 2017 Earnings Estimate for Praxair, Inc. (PX) Issued By Jefferies Group - April 28 at 12:59 PM logoEdited Transcript of PX earnings conference call or presentation 27-Apr-17 3:00pm GMT - April 28 at 8:13 AM logoPraxair Inc Reports 8% Increase In Q1 Profit - Nasdaq - April 27 at 7:51 PM logoPraxair Inc. (PX) Beats Q1 Earnings and Revenues - Nasdaq - April 27 at 7:51 PM logoPraxair, Inc. (PX) to Issue $0.79 Quarterly Dividend - April 27 at 2:51 PM logoPraxair, Inc. (PX) Releases Q2 Earnings Guidance - April 27 at 12:22 PM logoPraxair, Inc. (PX) Updates FY17 Earnings Guidance - April 27 at 12:22 PM logoPraxair (PX) Beats Q1 Earnings, Sales, Raises '17 View - April 27 at 10:43 AM logoPraxair Issues Q2 Earnings View; Updates FY17 Earnings Forecast - Quick Facts - April 27 at 10:43 AM logoPraxair Declares Dividend in Second Quarter 2017 - April 27 at 10:43 AM logoPraxair Inc. (PX) Beats Q1 Earnings and Revenues - April 27 at 10:43 AM logoPraxair (PX) Beats Q1 Earnings, Sales, Raises '17 View - April 27 at 10:43 AM logoPraxair tops Street 1Q forecasts - April 27 at 6:22 AM logoSomewhat Positive News Coverage Likely to Impact Praxair (PX) Share Price - April 27 at 12:04 AM logoWhat's in the Cards for Praxair (PX) this Earnings Season? - April 25 at 8:54 AM logoWhat's in the Cards for Praxair (PX) this Earnings Season? - April 25 at 8:54 AM



Praxair (PX) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by Staff