Ownership Don’t Lie: Praxair Inc (NYSE:PX) 2016 Q2 Sentiment

November 24, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Don't Lie: Praxair Inc (NYSE:PX)  2016 Q2 Sentiment

Sentiment for Praxair Inc (NYSE:PX)

Praxair Inc (NYSE:PX) institutional sentiment decreased to 0.92 in Q2 2016. Its down -0.25, from 1.17 in 2016Q1. The ratio dropped, as 364 active investment managers increased or opened new holdings, while 311 cut down and sold equity positions in Praxair Inc. The active investment managers in our partner’s database now have: 235.46 million shares, down from 251.38 million shares in 2016Q1. Also, the number of active investment managers holding Praxair Inc in their top 10 holdings decreased from 19 to 15 for a decrease of 4. Sold All: 53 Reduced: 258 Increased: 305 New Position: 59.

Praxair, Inc. is an industrial gas supplier in North and South America, Asia and Europe. The company has a market cap of $34.42 billion. The Company’s activities are organized into five divisions, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. It has a 22.49 P/E ratio. In addition, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment.

The stock increased 1.61% or $1.88 on November 23, hitting $118.71. Praxair, Inc. (NYSE:PX) has declined 0.76% since April 22, 2016 and is downtrending. It has underperformed by 6.17% the S&P500.

Analysts await Praxair, Inc. (NYSE:PX) to report earnings on February, 3. They expect $1.41 earnings per share, down 4.08% or $0.06 from last year’s $1.47 per share. PX’s profit will be $402.65M for 21.05 P/E if the $1.41 EPS becomes a reality. After $1.41 actual earnings per share reported by Praxair, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “Praxair is one of the largest industrial gases companies in North and South America. Praxair’s primary products for its industrial gases business are atmospheric gases and process gases. The company’s surface technology segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. The company also designs, engineers and builds equipment that produces industrial gases through its global supply systems.”

Dynamo Internacional Gestao De Recursos Ltda. holds 16.59% of its portfolio in Praxair, Inc. for 772,210 shares. Cincinnati Indemnity Co owns 15,000 shares or 7.3% of their US portfolio. Moreover, Csu Producer Resources Inc. has 6.81% invested in the company for 9,600 shares. The Texas-based St. James Investment Company Llc has invested 5.76% in the stock. Locust Wood Capital Advisers Llc, a New York-based fund reported 411,448 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 3 selling transactions for $12.69 million net activity.

Praxair, Inc. (NYSE:PX) Ratings Coverage

Ratings analysis reveals 20% of Praxair’s analysts are positive. Out of 15 Wall Street analysts rating Praxair, 3 give it “Buy”, 2 “Sell” rating, while 10 recommend “Hold”. The lowest target is $103 while the high is $135. The stock’s average target of $119.08 is 0.31% above today’s ($118.71) share price. PX was included in 20 notes of analysts from August 12, 2015. Citigroup maintained it with “Neutral” rating and $121 target price in Monday, April 18 report. The stock of Praxair, Inc. (NYSE:PX) has “Hold” rating given on Monday, April 4 by Deutsche Bank. The firm earned “Accumulate” rating on Wednesday, January 13 by Seaport Global Securities. The firm has “Underperform” rating given on Friday, January 22 by Bank of America. UBS maintained Praxair, Inc. (NYSE:PX) on Wednesday, November 18 with “Neutral” rating. The company was upgraded on Wednesday, August 12 by Zacks. As per Thursday, March 24, the company rating was reinitiated by Credit Suisse. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, May 2 report. The company was maintained on Tuesday, August 2 by CLSA. The stock of Praxair, Inc. (NYSE:PX) has “Equal-Weight” rating given on Tuesday, September 13 by Morgan Stanley.

PX Company Profile

Praxair, Inc., incorporated on October 26, 1988, is an industrial gas supplier in North and South America, Asia and Europe. The Company’s activities are organized into five divisions, 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 Firm also designs, engineers and manufactures 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. The Firm serves a group of industries, including healthcare, petroleum refining, computer-chip manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals and water treatment.

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By Winifred Garcia

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