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
  • Sub-Industry: Industrial Gases
  • Symbol: NYSE:PX
  • CUSIP: 74005P10
  • Web:
  • 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
  • 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
  • Annual Dividend: $3.15
  • Dividend Yield: 2.2%
  • EBITDA: $3.54 billion
  • Net Margins: 14.10%
  • Return on Equity: 27.93%
  • Return on Assets: 8.25%
  • Debt-to-Equity Ratio: 1.31%
  • Current Ratio: 1.02%
  • Quick Ratio: 0.84%
  • 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?

Praxair is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Praxair.

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?

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)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  260 (Vote Outperform)
Underperform Votes:  391 (Vote Underperform)
Total Votes:  651
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, 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)
Price Target History for Praxair (NYSE:PX)
Analysts' Ratings History for Praxair (NYSE:PX)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/19/2017Jefferies Group LLCReiterated RatingBuy$162.00N/AView Rating Details
9/7/2017Susquehanna Bancshares IncUpgradeNeutral -> Positive$131.00 -> $155.00LowView Rating Details
9/3/2017KeyCorpReiterated RatingHoldLowView 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
2/1/2016Robert W. BairdLower Price TargetNeutral$120.00 -> $106.00N/AView Rating Details
(Data available from 10/24/2015 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
10/25/2017N/AView Earnings Details
7/27/2017Q2 2017$1.43$1.46$2.80 billion$2.83 billionViewN/AView Earnings Details
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: $5.65
2018 EPS Consensus Estimate: $6.16
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$1.30$1.34$1.32
Q2 20174$1.40$1.49$1.44
Q3 20174$1.43$1.50$1.45
Q4 20174$1.41$1.49$1.44
Q1 20181$1.47$1.47$1.47
Q2 20181$1.55$1.55$1.55
Q3 20181$1.59$1.59$1.59
Q4 20181$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 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: 85.28%
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)
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Praxair (PX) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by Staff

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