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: Commodity Chemicals - NEC
  • Sub-Industry: Industrial Gases
  • Symbol: NYSE:PX
  • CUSIP: 74005P10
  • Web:
  • Market Cap: $38.51691 billion
  • Outstanding Shares: 285,353,000
Average Prices:
  • 50 Day Moving Avg: $133.98
  • 200 Day Moving Avg: $123.98
  • 52 Week Range: $114.43 - $138.69
  • Trailing P/E Ratio: 25.33
  • Foreward P/E Ratio: 21.56
  • P/E Growth: 2.82
Sales & Book Value:
  • Annual Revenue: $10.75 billion
  • Price / Sales: 3.58
  • Book Value: $19.38 per share
  • Price / Book: 6.95
  • Annual Dividend: $3.15
  • Dividend Yield: 2.3%
  • EBIDTA: $3.5 billion
  • Net Margins: 14.26%
  • Return on Equity: 28.42%
  • Return on Assets: 8.16%
  • Debt-to-Equity Ratio: 1.50%
  • Current Ratio: 1.34%
  • Quick Ratio: 1.09%
  • Average Volume: 1.31 million shs.
  • Beta: 0.94
  • Short Ratio: 2.6
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. Stockholders of record on Wednesday, June 7th will be paid a dividend of $0.7875 per share on Thursday, June 15th. This represents a $3.15 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Monday, June 5th. View Praxair's Dividend History.

How were Praxair's earnings last quarter?

Praxair, Inc. (NYSE:PX) posted its quarterly earnings data on Thursday, April, 27th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.33 by $0.04. The firm earned $2.73 billion during the quarter, compared to the consensus estimate of $2.62 billion. Praxair had a return on equity of 28.42% and a net margin of 14.26%. Praxair's revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. 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 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 brokers have issued 12 month target prices for Praxair's shares. Their predictions range from $107.00 to $162.00. On average, they expect Praxair's share price to reach $131.00 in the next twelve months. 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 year, Praxair's shares underperformed the Zacks categorized Chemicals Diversified industry. The stock looks overvalued as well. In addition, we believe that 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. In the first quarter 2017, the company's debt-to-capital ratio was 59.7%. Also, it faces risks from geopolitical issues in foreign end markets and from unfavorable movements in foreign currencies. Forex woes are predicted to adversely impact earnings by 1% in 2017. Over the last 60 days, earnings estimates on the stock decreased for both 2017 and 2018." (7/4/2017)
  • 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 are Praxair's key executives?

Praxair's management team includes the folowing people:

  • Stephen F. Angel, Chairman of the Board, President, Chief Executive Officer
  • Matthew J. White, Chief Financial Officer, Senior Vice President
  • Eduardo F. Menezes, Executive Vice President
  • Scott E. Telesz, Executive Vice President
  • Anne K. Roby, Senior Vice President
  • Guillermo Bichara, Vice President, General Counsel, Corporate Secretary
  • Kelcey E. Hoyt, Vice President, Controller
  • Robert L. Wood, Lead Independent Director
  • Oscar De Paula Bernardes, Independent Director
  • Nance K. Dicciani, Independent Director

Who owns Praxair stock?

Praxair's stock is owned by many different of retail and institutional investors. Top institutional shareholders include SOROBAN CAPITAL PARTNERS LP (6.20%), Marathon Asset Management LLP (0.43%), Confluence Investment Management LLC (0.25%), APG Asset Management N.V. (0.14%), Factory Mutual Insurance Co. (0.14%) and Bank of Montreal Can (0.13%). 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 Factory Mutual Insurance Co., US Bancorp DE, Wendell David Associates Inc., Beacon Financial Group, Exxonmobil Investment Management Inc. TX, Quantitative Systematic Strategies LLC, Capstone Asset Management Co. and NN Investment Partners Holdings N.V.. 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 bought by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Bank of Montreal Can, Bartlett & Co. LLC, Confluence Investment Management LLC, Mn Services Vermogensbeheer B.V., First American Trust FSB, National Pension Service and Dubuque Bank & Trust Co.. 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.

What is Praxair's stock price today?

One share of Praxair stock can currently be purchased for approximately $134.74.

MarketBeat Community Rating for Praxair (NYSE PX)
Community Ranking:  1.9 out of 5 ()
Outperform Votes:  222 (Vote Outperform)
Underperform Votes:  357 (Vote Underperform)
Total Votes:  579
MarketBeat's community ratings are surveys of what our community members think about Praxair and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Praxair (NYSE:PX) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 10 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.07)
Consensus Price Target: $131.00 (2.78% downside)

Analysts' Ratings History for Praxair (NYSE:PX)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/21/2017Jefferies Group LLCReiterated RatingBuy$162.00MediumView Rating Details
6/11/2017J P Morgan Chase & CoReiterated RatingOverweight$130.00 -> $156.00LowView Rating Details
6/7/2017Vertical ResearchUpgradeHold$123.00 -> $127.00LowView Rating Details
6/7/2017Bank of America CorporationUpgradeNeutral -> Buy$140.00 -> $150.00MediumView Rating Details
6/7/2017Vertical GroupUpgradeHold$123.00 -> $127.00MediumView Rating Details
6/2/2017Deutsche Bank AGReiterated RatingHoldLowView Rating Details
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
12/22/2016CLSADowngradeOutperform -> UnderperformN/AView Rating Details
11/29/2016HSBC Holdings plcInitiated CoverageHold$113.00N/AView Rating Details
9/13/2016Morgan StanleyInitiated CoverageNeutral -> Equal Weight$125.00N/AView Rating Details
8/16/2016ArgusReiterated RatingHoldN/AView Rating Details
7/29/2016Credit Suisse GroupReiterated RatingHold$117.00N/AView Rating Details
7/29/2016Citigroup Inc.Lower Price TargetNeutral$123.00 -> $122.00N/AView Rating Details
4/12/2016Goldman Sachs Group, Inc. (The)Boost 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 7/24/2015 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)
Most Recent Dividend:6/15/2017
Annual Dividend:$3.15
Dividend Yield:2.34%
Dividend Growth:7.70% (3 Year Average)
Payout Ratio:59.10% (Trailing 12 Months of Earnings)
55.07% (Based on This Year's Estimates)
50.40% (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: 0.23%
Institutional Ownership Percentage: 85.58%
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 logoPraxair Starts Up New Air Separation Plant in East China Petrochemical Park - July 21 at 6:29 AM logoWhat Praxair Has on Deck in South Korea - July 20 at 6:56 AM logoPraxair Named to STOXX Global ESG Leaders Indices for Seventh Consecutive Year - July 18 at 7:40 AM logoPraxair, Inc. (NYSE:PX) Expected to Post Quarterly Sales of $2.82 Billion - July 15 at 8:19 AM logoZacks: Analysts Anticipate Praxair, Inc. (PX) to Announce $1.42 EPS - July 13 at 2:14 PM logoPraxair Starts 3rd Plant for Samsung's Tangjeong Facility - July 13 at 8:24 AM logoBloomberg: Praxair-Linde asset sales draw P-E interest - July 11 at 1:42 PM logoPraxair Mexico and Praxair Costa Rica Again Named Leading Socially Responsible Businesses by CEMEFI and AliaRSE - July 11 at 6:55 AM logoCan Praxair Manage Its Interest Expense? - July 8 at 1:49 PM logoWall Street’s Views and Recommendations for Praxair - July 8 at 1:49 PM logoPraxair, Inc. (PX) Upgraded by BidaskClub to Buy - July 6 at 8:29 PM logoPraxair Announces Second Quarter 2017 Earnings and Conference Call Schedule - Business Wire (press release) - July 6 at 4:30 PM logoPraxair Announces Second Quarter 2017 Earnings and Conference Call Schedule - July 6 at 4:30 PM logoPraxair Debt: Is It Stressed Out or Manageable? - July 6 at 4:30 PM logoZacks Investment Research Downgrades Praxair, Inc. (PX) to Sell - July 4 at 9:58 AM logoETFs with exposure to Praxair, Inc. : July 3, 2017 - July 4 at 6:43 AM logoPraxair, Inc. (PX) Given Consensus Recommendation of "Hold" by Analysts - July 3 at 8:34 AM logoPraxair, Inc. (PX) Lowered to Hold at BidaskClub - June 28 at 5:38 PM logoJefferies Group LLC Reiterates Buy Rating for Praxair, Inc. (PX) - June 25 at 3:04 PM logoPraxair Target of Unusually High Options Trading (PX) - June 25 at 7:02 AM logoNoteworthy Friday Option Activity: PX, FB, STX - June 23 at 8:10 PM logoETFs with exposure to Praxair, Inc. : June 22, 2017 - June 23 at 9:19 AM logoLinde to terminate ADRs due to Praxair merger - June 23 at 9:19 AM logoPraxair, Inc. (PX) Rating Lowered to Buy at BidaskClub - June 22 at 6:04 PM logoPraxair (PX): Company Update - Jefferies - - June 22 at 9:03 AM logoPraxair, Inc. :PX-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017 - June 22 at 9:02 AM logo$2.82 Billion in Sales Expected for Praxair, Inc. (PX) This Quarter - June 21 at 9:52 AM logoPraxair: Growth Through Industrial Gas - Seeking Alpha - June 20 at 1:34 AM logoZacks: Analysts Expect Praxair, Inc. (PX) Will Post Earnings of $1.42 Per Share - June 19 at 2:04 PM logoDuPont-DOW Merger Clears One More Hurdle - June 19 at 10:10 AM logoCramer Remix: Why the consumer is the biggest winner in A... - June 16 at 8:25 PM logoPraxair (PX) versus Air Products and Chemicals (APD) Critical Comparison - June 13 at 8:14 PM logoPraxair, Inc. (PX) Receives "Overweight" Rating from JPMorgan Chase & Co. - June 11 at 7:40 PM logoPraxair, Inc. : PX-US: Dividend Analysis : June 06th, 2017 (record date) : By the numbers : June 7, 2017 - June 7 at 7:21 PM logoPraxair, Inc. (PX) Stock Rating Upgraded by Vertical Research - June 7 at 6:02 PM logoPraxair, Inc. (PX) Receives "Hold" Rating from Vertical Group - June 7 at 10:26 AM logoPraxair, Inc. (PX) Rating Increased to Buy at Bank of America Corp - June 7 at 10:26 AM logoPraxair (PX) to Merge with Linde in All-Stock Transaction - Nasdaq - June 7 at 1:17 AM logoPraxair Inc. (PX) PT Raised to $127 at Vertical Research Partners on 'Expected Value Associated with Pending MOE ... - - June 7 at 1:17 AM logoPraxair Inc. (PX) PT Raised to $127 at Vertical Research Partners on 'Expected Value Associated with Pending MOE with Linde' - June 6 at 8:17 PM logoPraxair, Inc. (PX) Receives Consensus Rating of "Hold" from Brokerages - June 6 at 7:40 AM logoPraxair (PX) & Air Products & Chemicals (APD) Head to Head Contrast - June 3 at 10:43 PM logoPraxair, Inc. (PX) Given Buy Rating at Jefferies Group LLC - June 3 at 9:32 PM logoPraxair, Linde to focus on U.S. asset sales in antitrust review - June 3 at 3:48 AM logoPraxair says Linde's engineering unit welcome in merged company - June 3 at 3:11 AM logoLinde sees U.S. disposals as part of Praxair merger remedies - June 3 at 3:11 AM logoThis Industrial Gas Company Raised Dividend for 24 Consecutive Years; Will Trade Ex Dividend on June 05, 2017 - June 3 at 3:11 AM logoPraxair says pain threshold for merger disposals $3.7 billion sales - June 3 at 3:11 AM logoPraxair Inc. (PX) PT Raised to $162 at Jefferies - - June 2 at 10:10 PM logoPraxair, Inc. (PX) Ex-Dividend Date Scheduled for June 05, 2017 - Nasdaq - June 2 at 10:10 PM



Praxair (PX) Chart for Monday, July, 24, 2017

This page was last updated on 7/24/2017 by Staff