Praxair Company Profile (NYSE:PX)

About Praxair

Praxair logoPraxair, 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
Key Metrics:
  • Previous Close: $118.53
  • 50 Day Moving Average: $117.38
  • 200 Day Moving Average: $118.67
  • 52-Week Range: $101.75 - $125.00
  • Trailing P/E Ratio: 22.75
  • Foreward P/E Ratio: 19.09
  • P/E Growth: 3.21
  • Market Cap: $33.87B
  • Outstanding Shares: 285,720,000
  • Beta: 0.98
  • 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%
Additional Links:
Companies Related to Praxair:

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: $119.64 (0.94% upside)

Analysts' Ratings History for Praxair (NYSE:PX)
DateFirmActionRatingPrice TargetDetails
2/13/2017Evercore ISIInitiated CoverageSell$107.00View Rating Details
2/1/2017Seaport Global SecuritiesDowngradeAccumulate -> NeutralView Rating Details
1/27/2017J P Morgan Chase & CoUpgradeNeutral -> Overweight$125.00View Rating Details
1/6/2017Bank of America CorpUpgradeUnderperform -> NeutralView Rating Details
12/22/2016CLSADowngradeOutperform -> UnderperformView Rating Details
12/15/2016Vertical GroupUpgradeSell -> HoldView Rating Details
12/14/2016Vertical ResearchUpgradeSell -> Hold$120.00View Rating Details
11/29/2016HSBC Holdings plcInitiated CoverageHold$113.00View Rating Details
9/30/2016Jefferies Group LLCReiterated RatingBuy$140.00View Rating Details
9/13/2016Morgan StanleyInitiated CoverageNeutral -> Equal Weight$125.00View Rating Details
8/16/2016ArgusReiterated RatingHoldView Rating Details
7/29/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
7/29/2016Credit Suisse GroupReiterated RatingHold$117.00View Rating Details
7/29/2016Citigroup Inc.Lower Price TargetNeutral$123.00 -> $122.00View Rating Details
7/29/2016Barclays PLCBoost Price TargetEqual Weight$120.00 -> $125.00View Rating Details
4/12/2016Goldman Sachs Group, Inc. (The)Boost Price Target$97.00 -> $102.00View Rating Details
2/22/2016Susquehanna Bancshares IncBoost Price TargetNeutral$106.00 -> $110.00View Rating Details
2/1/2016Robert W. BairdLower Price TargetNeutral$120.00 -> $106.00View Rating Details
12/14/2015KeyCorpReiterated RatingBuy$120.00 -> $118.00View Rating Details
(Data available from 2/28/2015 forward)


Earnings History for Praxair (NYSE:PX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)
Current Year EPS Consensus Estimate: $5.47 EPS
Next Year EPS Consensus Estimate: $6.21 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20169$1.22$1.44$1.32
Q2 20165$1.35$1.47$1.38
Q3 20164$1.37$1.41$1.39
Q4 20164$1.38$1.46$1.42
Q1 20174$1.30$1.34$1.32
Q2 20174$1.40$1.46$1.43
Q3 20174$1.42$1.46$1.44
Q4 20174$1.42$1.48$1.45
Q1 20181$1.48$1.48$1.48
Q2 20181$1.61$1.61$1.61
Q3 20181$1.61$1.61$1.61
Q4 20181$1.55$1.55$1.55
(Data provided by Zacks Investment Research)


Current Dividend Information for Praxair (NYSE:PX)
Annual Dividend:$3.00
Dividend Yield:2.53%
Dividend Growth:7.70% (3 Year Average)
Payout Ratio:57.47% (Based on Trailing 12 Months of Earnings)
54.84% (Based on Current Year Consensus EPS Estimate)
48.31% (Based on Next Year Consensus EPS Estimate)
Track Record:12 Years of Consecutive Dividend Growth

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

Insider Trades

Insider Trading History for Praxair (NYSE:PX)
Insider Ownership Percentage: 0.22%
Institutional Ownership Percentage: 83.03%
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)


Latest Headlines for Praxair (NYSE:PX)
DateHeadline logoNotable Two Hundred Day Moving Average Cross - PX - Nasdaq (NYSE:PX) - February 24 at 8:38 PM
News IconStock Update on Shares of Praxair, Inc. (NYSE:PX) - SKV News (NYSE:PX) - February 24 at 8:17 AM
News IconStock Watch Near-Term: Praxair, Inc. (NYSE:PX) - Rockville Register (NYSE:PX) - February 23 at 8:41 AM
News IconEye on Technical Levels for Praxair Inc (PX) - SKV News (NYSE:PX) - February 23 at 12:35 AM
News IconWhat Analysts are Predicting For Royal Caribbean Cruises Ltd. (RCL), Praxair, Inc. (PX)? - The USA Commerce (NYSE:PX) - February 23 at 12:35 AM
News IconThe Way Analysts See Activision Blizzard, Inc. (ATVI) (NYSE:PX) - February 22 at 7:34 PM logoPraxair to supply Celanese with carbon monoxide, oxygen, nitrogen (NYSE:PX) - February 21 at 11:27 AM
News IconDividend Growth of Praxair, Inc.(PX) - Highland Mirror (NYSE:PX) - February 18 at 8:10 AM
News IconEarnings Clues on Autodesk, Inc. (ADSK), Praxair, Inc. (PX) Analyst's Predictions - StockNewsJournal (NYSE:PX) - February 18 at 8:10 AM logoIYM, PX, ECL, APD: Large Outflows Detected at ETF (NYSE:PX) - February 17 at 8:02 PM
News IconChecking the Numbers on Praxair, Inc. (NYSE:PX) - Midway Monitor (NYSE:PX) - February 11 at 2:53 AM
News IconAnalysts Near-Term outlook: Dollar Tree, Inc. (DLTR), Praxair, Inc. (PX) - The USA Commerce (NYSE:PX) - February 9 at 10:23 PM logoLinde boss hopes to finalise Praxair merger 'by late April' (NYSE:PX) - February 9 at 10:23 PM
News IconLarge Buying Action and Inflow of Money Witnessed in Praxair, Inc. - Highland Mirror (NYSE:PX) - February 9 at 2:41 AM logoStocks Buzz: Praxair, Inc. (PX), KKR & Co. LP (KKR), Southern Copper Corporation (SCCO) - iStreetWire (NYSE:PX) - February 7 at 8:37 AM
News IconPraxair, Inc. (NYSE:PX) from Chemicals – Major Diversified – Todays Top Gains (NYSE:PX) - February 3 at 8:22 PM logoPRAXAIR : STARTS UP HYDROGEN FACILITY FOR THE DOW CHEMICAL COMPANY IN U.S. GULF COAST (NYSE:PX) - February 3 at 2:24 AM logoETFs with exposure to Praxair, Inc. : February 2, 2017 (NYSE:PX) - February 2 at 9:23 PM
News IconTop Gainers of the Day: Praxair, Inc. (NYSE:PX) from Chemicals – Major Diversified (NYSE:PX) - February 2 at 3:14 AM
News IconSADIF Analytics releases new summary due diligence report for Praxair Inc ($PX). (NYSE:PX) - February 1 at 10:13 PM
News IconPraxair INC (PX) Shareholder Dynamo Internacional Gestao De Recursos Ltda Upped Its Stake by $28.20 Million (NYSE:PX) - February 1 at 10:13 PM logoPraxair Starts Up Hydrogen Facility for The Dow Chemical Company in U.S. Gulf Coast; Signs Long-Term Nitrogen Supply Agreement (NYSE:PX) - February 1 at 10:13 PM logo8:31 am Praxair stars a hydrogen facility that will recover by-product streams from The Dow Chemical Company's (DOW (NYSE:PX) - February 1 at 10:13 PM logoPraxair, Inc. (NYSE:PX) EPS Projection At $1.695 - (NYSE:PX) - January 31 at 9:22 PM
News IconWhat Analysts Recommend on Praxair, Inc. (NYSE:PX)? - Post Registrar (NYSE:PX) - January 31 at 9:22 PM logoJanuary 2018 Options Now Available For Praxair (NYSE:PX) - January 31 at 1:00 PM logoPraxair, Inc. : PX-US: Dividend Analysis : December 07th, 2016 (record date) : By the numbers : January 30, 2017 (NYSE:PX) - January 30 at 8:04 PM
News IconJP Morgan Upgrades the shares of Praxair Inc. (NYSE:PX) to Overweight - HugoPress (NYSE:PX) - January 30 at 8:15 AM logoPraxair - A Comparison With Air Products And Chemicals - Seeking Alpha (NYSE:PX) - January 30 at 8:15 AM
News IconPraxair INC (PX) Shares Rose While Tower Bridge Advisors Trimmed Holding by $5.21 Million (NYSE:PX) - January 28 at 7:31 PM
News IconBrokers Issue Forecasts for Praxair, Inc.'s FY2016 Earnings (PX) (NYSE:PX) - January 28 at 7:31 PM
News IconPraxair, Inc. (NYSE:PX) to Post $1.41 Earnings Per Share: Analysts - Wall Street Beacon (NYSE:PX) - January 28 at 5:55 AM logoPraxair, Inc. :PX-US: Earnings Analysis: 2016 By the Numbers : January 27, 2017 (NYSE:PX) - January 28 at 5:55 AM logoPraxair Inc Bottom Line Falls 4% In Q4 (NYSE:PX) - January 27 at 1:45 AM logoPraxair Declares 24th Consecutive Annual Dividend Increase in First Quarter 2017 (NYSE:PX) - January 27 at 1:45 AM logoPraxair meets 4Q profit forecasts (NYSE:PX) - January 27 at 1:44 AM logoQ4 2016 Praxair Inc Earnings Release - Before Market Open (NYSE:PX) - January 27 at 1:44 AM logoPraxair (PX) Posts In-Line Q4 Earnings, Lags on Revenues (NYSE:PX) - January 27 at 1:44 AM logoPraxair, Inc. breached its 50 day moving average in a Bullish Manner : PX-US : January 26, 2017 (NYSE:PX) - January 27 at 1:44 AM logoPRAXAIR INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NYSE:PX) - January 27 at 1:44 AM logoEdited Transcript of PX earnings conference call or presentation 26-Jan-17 4:00pm GMT (NYSE:PX) - January 27 at 1:44 AM logoEPS Projection Of Praxair, Inc. (NYSE:PX) At $1.7 - (NYSE:PX) - January 25 at 1:14 AM logoPraxair Signs Long-term Contract To Supply Hydrogen To Marathon Petroleum (NYSE:PX) - January 24 at 8:12 PM logoMarch 17th Options Now Available For Praxair (PX) - Forbes (NYSE:PX) - January 24 at 8:20 AM
News IconEarnings in Full Force, Analysts Take Aim at Praxair, Inc. (NYSE:PX) - Wall Street Beacon (NYSE:PX) - January 24 at 8:20 AM logoPraxair (PX) to Report Q4 Earnings: What's in the Cards? - Nasdaq (NYSE:PX) - January 24 at 8:20 AM logoPraxair (PX) to Report Q4 Earnings: What's in the Cards? (NYSE:PX) - January 24 at 8:20 AM
News IconPraxair is Named Best Place to Work for LGBT Equality (NYSE:PX) - January 23 at 7:45 PM
News IconFocus Equity: Stock Strength Indicator Watch On Praxair, Inc. (NYSE:PX) - Wall Street Beacon (NYSE:PX) - January 23 at 9:17 AM logoPraxair (PX), Marathon Petroleum (MPC) Enter Long-Term U.S. Gulf Coast Hydrogen Supply Agreement - (NYSE:PX) - January 23 at 9:17 AM


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, January 26th. Stockholders 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 dividend yield of 2.66%. The ex-dividend date is Friday, March 3rd. This is an increase from Praxair's previous quarterly dividend of $0.75.

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

15 equities research analysts have issued 1-year target prices for Praxair's stock. Their predictions range from $102.00 to $140.00. On average, they expect Praxair's share price to reach $119.64 in the next year.

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 Putnam Investments LLC. 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 $118.52.

Praxair (NYSE:PX) Chart for Tuesday, February, 28, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Earnings History Chart

Earnings by Quarter for Praxair (NYSE:PX)

Dividend History Chart

Dividend Payments by Quarter for Praxair (NYSE:PX)

Last Updated on 2/28/2017 by Staff