About Praxair (NYSE:PX)
Praxair, 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
- Sub-Industry: Industrial Gases
- Symbol: NYSE:PX
- CUSIP: 74005P10
- Web: www.praxair.com
Capitalization:- Market Cap: $40.94736 billion
- Outstanding Shares: 286,024,000
Average Prices:- 50 Day Moving Avg: $138.13
- 200 Day Moving Avg: $132.02
- 52 Week Range: $114.43 - $143.96
P/E:- Trailing P/E Ratio: 26.81
- Foreward P/E Ratio: 22.90
- P/E Growth: 3.05
Sales & Book Value:- Annual Revenue: $10.92 billion
- Price / Sales: 3.73
- Book Value: $20.30 per share
- Price / Book: 7.02
Dividend:- Annual Dividend: $3.15
- Dividend Yield: 2.2%
Profitability:- EBITDA: $3.54 billion
- Net Margins: 14.10%
- Return on Equity: 27.93%
- Return on Assets: 8.25%
Debt:- Debt-to-Equity Ratio: 1.31%
- Current Ratio: 1.02%
- Quick Ratio: 0.84%
Misc:- Average Volume: 1.12 million shs.
- Beta: 0.95
- Short Ratio: 3.77
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 declared a quarterly dividend on Thursday, July 27th. Investors of record on Friday, September 8th will be given a dividend of $0.7875 per share on Friday, September 15th. This represents a $3.15 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, September 6th. View Praxair's Dividend History.
How were Praxair's earnings last quarter?
Praxair, Inc. (NYSE:PX) announced its quarterly earnings data on Thursday, July, 27th. The company reported $1.46 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.43 by $0.03. The business earned $2.83 billion during the quarter, compared to analyst estimates of $2.80 billion. Praxair had a net margin of 14.10% and a return on equity of 27.93%. Praxair's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.39 EPS. View Praxair's Earnings History.
When will Praxair make its next earnings announcement?
What guidance has Praxair issued on next quarter's earnings?
Praxair issued an update on its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $5.63-5.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.73. Praxair also updated its Q3 guidance to $1.40-1.46 EPS.
Where is Praxair's stock going? Where will Praxair's stock price be in 2017?
13 analysts have issued 12-month target prices for Praxair's stock. Their predictions range from $107.00 to $162.00. On average, they expect Praxair's stock price to reach $136.89 in the next twelve months. View Analyst Ratings for Praxair.
Who are some of Praxair's key competitors?
Some companies that are related to Praxair include LyondellBasell Industries NV (LYB), Albemarle Corporation (ALB), Celanese Corporation (CE), Eastman Chemical Company (EMN), Braskem S.A. (BAK), Westlake Chemical Corporation (WLK), Chemours Company (The) (CC), Olin Corporation (OLN), NewMarket Corporation (NEU), Methanex Corporation (MEOH), Ingevity Corp (NGVT), Quaker Chemical Corporation (KWR), Calgon Carbon Corporation (CCC), A. Schulman (SHLM), Koppers Holdings (KOP), Innophos Holdings (IPHS), CSW Industrials (CSWI) and Westlake Chemical Partners LP (WLKP).
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 a variety of of institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (0.37%), Locust Wood Capital Advisers LLC (0.17%), APG Asset Management N.V. (0.16%), PGGM Investments (0.08%), Douglas Lane & Associates LLC (0.08%) and Bartlett & Co. LLC (0.07%). 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 Douglas Lane & Associates LLC, State Treasurer State of Michigan, Wendell David Associates Inc., Quantitative Systematic Strategies LLC, Winslow Evans & Crocker Inc. and Harvey Investment Co. LLC. 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 purchased by a variety of institutional investors in the last quarter, including Shell Asset Management Co., Locust Wood Capital Advisers LLC, APG Asset Management N.V., PGGM Investments, Diamond Hill Capital Management Inc., Nationwide Fund Advisors, Montrusco Bolton Investments Inc. and Bartlett & Co. LLC. 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 $142.44.
MarketBeat Community Rating for Praxair (NYSE PX)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.
Consensus Ratings for Praxair (NYSE:PX) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Sell Ratings, 7 Hold Ratings, 4 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.15) |
| Consensus Price Target: | $136.89 (3.90% downside) |
Consensus Price Target History for Praxair (NYSE:PX)
Analysts' Ratings History for Praxair (NYSE:PX)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/19/2017 | Jefferies Group LLC | Reiterated Rating | Buy | $162.00 | N/A |  |
| 9/7/2017 | Susquehanna Bancshares Inc | Upgrade | Neutral -> Positive | $131.00 -> $155.00 | Low | |
| 9/3/2017 | KeyCorp | Reiterated Rating | Hold | | Low | |
| 6/11/2017 | J P Morgan Chase & Co | Reiterated Rating | Overweight | $130.00 -> $156.00 | Low | |
| 6/7/2017 | Vertical Research | Upgrade | Hold | $123.00 -> $127.00 | Low | |
| 6/7/2017 | Bank of America Corporation | Upgrade | Neutral -> Buy | $140.00 -> $150.00 | Medium | |
| 6/7/2017 | Vertical Group | Upgrade | Hold | $123.00 -> $127.00 | Medium | |
| 6/2/2017 | Deutsche Bank AG | Reiterated Rating | Hold | | Low | |
| 5/1/2017 | Barclays PLC | Boost Price Target | Equal Weight | $125.00 -> $135.00 | Low | |
| 2/13/2017 | Evercore ISI | Initiated Coverage | Sell | $107.00 | N/A | |
| 2/1/2017 | Seaport Global Securities | Downgrade | Accumulate -> Neutral | | N/A | |
| 12/22/2016 | CLSA | Downgrade | Outperform -> Underperform | | N/A | |
| 11/29/2016 | HSBC Holdings plc | Initiated Coverage | Hold | $113.00 | N/A | |
| 9/13/2016 | Morgan Stanley | Initiated Coverage | Neutral -> Equal Weight | $125.00 | N/A | |
| 8/16/2016 | Argus | Reiterated Rating | Hold | | N/A | |
| 7/29/2016 | Credit Suisse Group | Reiterated Rating | Hold | $117.00 | N/A | |
| 7/29/2016 | Citigroup Inc. | Lower Price Target | Neutral | $123.00 -> $122.00 | N/A | |
| 4/12/2016 | Goldman Sachs Group, Inc. (The) | Boost Price Target | | $97.00 -> $102.00 | N/A | |
| 2/1/2016 | Robert W. Baird | Lower Price Target | Neutral | $120.00 -> $106.00 | N/A | |
(Data available from 10/24/2015 forward)
Earnings History for Praxair (NYSE:PX)Earnings History by Quarter for Praxair (NYSE PX)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/25/2017 | | | | | | | N/A | |
| 7/27/2017 | Q2 2017 | $1.43 | $1.46 | $2.80 billion | $2.83 billion | View | N/A | |
| 4/27/2017 | Q1 2017 | $1.33 | $1.37 | $2.62 billion | $2.73 billion | View | N/A | |
| 1/26/2017 | Q416 | $1.41 | $1.41 | $2.66 billion | $2.60 billion | View | N/A | |
| 10/27/2016 | Q316 | $1.40 | $1.41 | $2.70 billion | $2.70 billion | View | Listen | |
| 7/28/2016 | Q216 | $1.36 | $1.39 | $2.60 billion | $2.70 billion | View | Listen | |
| 4/29/2016 | Q116 | $1.27 | $1.28 | $2.49 billion | $2.51 billion | View | Listen | |
| 1/29/2016 | Q415 | $1.47 | $1.47 | $2.67 billion | $2.60 billion | View | Listen | |
| 10/29/2015 | Q315 | $1.45 | $1.46 | $2.78 billion | $2.70 billion | View | Listen | |
| 7/29/2015 | Q215 | $1.45 | $1.45 | $2.86 billion | $2.70 billion | View | Listen | |
| 4/29/2015 | Q115 | $1.44 | $1.43 | $2.96 billion | $2.80 billion | View | N/A | |
| 1/28/2015 | Q414 | $1.57 | $1.57 | $3.08 billion | $3.00 billion | View | Listen | |
| 10/29/2014 | Q314 | $1.63 | $1.62 | $3.17 billion | $3.10 billion | View | Listen | |
| 7/23/2014 | Q214 | $1.59 | $1.58 | $3.16 billion | $3.11 billion | View | N/A | |
| 4/23/2014 | Q114 | $1.51 | $1.51 | $3.06 billion | $3.00 billion | View | Listen | |
| 1/29/2014 | Q413 | $1.55 | $1.59 | $3.05 billion | $3.00 billion | View | Listen | |
| 10/30/2013 | Q313 | $1.52 | $1.51 | $3.03 billion | $3.00 billion | View | Listen | |
| 7/24/2013 | Q2 2013 | $1.49 | $1.49 | $3.00 billion | $3.01 billion | View | Listen | |
| 4/24/2013 | Q1 2013 | $1.38 | $1.38 | $2.89 billion | $2.89 billion | View | Listen | |
| 1/23/2013 | Q4 2012 | $1.38 | $1.38 | $2.78 billion | $2.80 billion | View | Listen | |
| 10/24/2012 | | $1.39 | $1.39 | | | View | N/A | |
| 7/25/2012 | | $1.42 | $1.42 | | | View | N/A | |
| 4/25/2012 | | $1.36 | $1.38 | | | View | N/A | |
| 1/25/2012 | | $1.37 | $1.36 | | | View | N/A | |
| 10/26/2011 | | $1.39 | $1.40 | | | View | N/A | |
| 7/27/2011 | | $1.37 | $1.38 | | | View | N/A | |
| 4/27/2011 | | $1.26 | $1.29 | | | View | N/A | |
| 1/26/2011 | | $1.23 | $1.25 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Praxair (NYSE:PX)2017 EPS Consensus Estimate: $5.65
2018 EPS Consensus Estimate: $6.16
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 4 | $1.30 | $1.34 | $1.32 |
| Q2 2017 | 4 | $1.40 | $1.49 | $1.44 |
| Q3 2017 | 4 | $1.43 | $1.50 | $1.45 |
| Q4 2017 | 4 | $1.41 | $1.49 | $1.44 |
| Q1 2018 | 1 | $1.47 | $1.47 | $1.47 |
| Q2 2018 | 1 | $1.55 | $1.55 | $1.55 |
| Q3 2018 | 1 | $1.59 | $1.59 | $1.59 |
| Q4 2018 | 1 | $1.55 | $1.55 | $1.55 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Praxair (NYSE:PX)| Most Recent Dividend: | 9/15/2017 |
| Annual Dividend: | $3.15 |
| Dividend Yield: | 2.21% |
| Dividend Growth: | 7.70% (3 Year Average) |
| Payout Ratio: | 58.88% (Trailing 12 Months of Earnings)
55.17% (Based on This Year's Estimates)
50.64% (Based on Next Year's Estimates)
|
| Track Record: | 12 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Praxair (NYSE PX)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/27/2017 | quarterly | $0.79 | 2.37% | 9/6/2017 | 9/8/2017 | 9/15/2017 |
| 4/27/2017 | quarterly | $0.79 | 2.51% | 6/5/2017 | 6/7/2017 | 6/15/2017 |
| 1/26/2017 | quarterly | $0.79 | 2.64% | 3/3/2017 | 3/7/2017 | 3/15/2017 |
| 10/27/2016 | quarterly | $0.75 | 2.57% | 12/5/2016 | 12/7/2016 | 12/15/2016 |
| 7/28/2016 | quarterly | $0.75 | 2.57% | 9/6/2016 | 9/8/2016 | 9/15/2016 |
| 4/29/2016 | quarterly | $0.75 | 2.56% | 6/3/2016 | 6/7/2016 | 6/15/2016 |
| 1/29/2016 | quarterly | $0.75 | 2.84% | 3/3/2016 | 3/7/2016 | 3/15/2016 |
| 10/29/2015 | quarterly | $0.72 | | 12/3/2015 | 12/7/2015 | 12/15/2015 |
| 7/29/2015 | quarterly | $0.72 | 2.5% | 9/3/2015 | 9/8/2015 | 9/15/2015 |
| 4/29/2015 | quarterly | $0.72 | 2.29% | 6/3/2015 | 6/5/2015 | 6/15/2015 |
| 1/28/2015 | quarterly | $0.72 | | 3/4/2015 | 3/6/2015 | 3/16/2015 |
| 10/29/2014 | quarterly | $0.65 | | 12/3/2014 | 12/5/2014 | 12/15/2014 |
| 7/23/2014 | quarterly | $0.65 | 2.01% | 9/4/2014 | 9/8/2014 | 9/15/2014 |
| 4/23/2014 | quarterly | $0.65 | 1.97% | 6/4/2014 | 6/6/2014 | 6/16/2014 |
| 1/29/2014 | quarterly | $0.65 | 2.07% | 3/5/2014 | 3/7/2014 | 3/17/2014 |
| 10/30/2013 | quarterly | $0.60 | 1.93% | 12/4/2013 | 12/6/2013 | 12/16/2013 |
| 7/24/2013 | quarterly | $0.60 | | | 9/6/2013 | 9/16/2013 |
| 4/24/2013 | quarterly | $0.60 | 2.13% | 6/5/2013 | 6/7/2013 | 6/17/2013 |
| 1/23/2013 | quarterly | $0.60 | 2.16% | 3/5/2013 | 3/7/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Praxair (NYSE:PX)Insider Ownership Percentage: 0.23%
Institutional Ownership Percentage: 85.28%
Insider Trades by Quarter for Praxair (NYSE:PX)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 11/7/2016 | Raymond W Leboeuf | Director | Sell | 6,550 | $117.26 | $768,053.00 | |
| 10/31/2016 | Anne K Roby | Insider | Sell | 17,103 | $117.40 | $2,007,892.20 | |
| 5/6/2016 | Robert L Wood | Director | Sell | 6,550 | $114.34 | $748,927.00 | |
| 1/7/2016 | Stephen F Angel | CEO | Buy | 5,000 | $97.80 | $489,000.00 | |
| 9/23/2015 | Stephen F Angel | CEO | Buy | 5,000 | $101.54 | $507,700.00 | |
| 9/8/2015 | Stephen F Angel | CEO | Buy | 5,000 | $103.56 | $517,800.00 | |
| 5/8/2015 | Robert L Wood | Director | Sell | 7,620 | $121.68 | $927,201.60 | |
| 3/2/2015 | Stephen F Angel | CEO | Sell | 182,028 | $129.10 | $23,499,814.80 | |
| 2/25/2015 | Stephen F Angel | CEO | Sell | 5,472 | $129.00 | $705,888.00 | |
| 2/3/2015 | Elizabeth T Hirsch | VP | Sell | 16,000 | $122.56 | $1,960,960.00 | |
| 2/3/2015 | Raymond W Leboeuf | Director | Sell | 7,620 | $123.05 | $937,641.00 | |
| 11/6/2014 | Ira D Hall | Director | Sell | 3,900 | $126.46 | $493,194.00 | |
| 11/6/2014 | James T Breedlove | VP | Sell | 4,120 | $126.52 | $521,262.40 | |
| 11/4/2014 | Claire W Gargalli | Director | Sell | 5,000 | $123.78 | $618,900.00 | |
| 5/5/2014 | James Breedlove | VP | Sell | 18,000 | $130.64 | $2,351,520.00 | |
| 5/1/2014 | Claire Gargalli | Director | Sell | 2,932 | $130.09 | $381,423.88 | |
| 3/4/2014 | Wayne Smith | Director | Sell | 5,419 | $131.27 | $711,352.13 | |
| 2/28/2014 | Robert Wood | Director | Sell | 4,600 | $130.81 | $601,726.00 | |
| 2/18/2014 | Eduardo Menezes | EVP | Sell | 31,130 | $129.76 | $4,039,428.80 | |
| 2/18/2014 | James Breedlove | VP | Sell | 40,000 | $129.83 | $5,193,200.00 | |
| 11/4/2013 | James T Breedlove | VP | Sell | 2,000 | $123.95 | $247,900.00 | |
| 7/29/2013 | Raymond W Leboeuf | Director | Sell | 5,275 | $119.00 | $627,725.00 | |
| 7/26/2013 | James T Breedlove | VP | Sell | 4,000 | $118.60 | $474,400.00 | |
| 7/26/2013 | Raymond P Roberge | SVP | Sell | 3,918 | $118.38 | $463,812.84 | |
| 5/17/2013 | Ira D Hall | Director | Sell | 1,900 | $115.28 | $219,032.00 | |
| 5/15/2013 | Larry D Mcvay | Director | Sell | 2,859 | $114.65 | $327,784.35 | |
| 5/13/2013 | Claire W Gargalli | Director | Sell | 1,658 | $113.12 | $187,552.96 | |
(Data available from 1/1/2013 forward)
Headline Trends for Praxair (NYSE:PX)
Latest Headlines for Praxair (NYSE:PX)
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Praxair (PX) Chart for Tuesday, October, 24, 2017
