Is Praxair owned by institutional investors?
Only 7.88% of the stock of Praxair is held by institutions. Earnings for Praxair are expected to grow by 47.27% in the coming year, from $0.55 to $0.81 per share. Is Praxair a buy right now?
Will the Linde-Praxair merger boost profits?
Linde and Praxair agree that by merging their operations, they stand to reap $1 billion in annual synergies -- money that can be saved and lead to higher profits. With Praxair earning $2.3 billion a year pre-tax, and Linde $2.2 billion, those savings represent an opportunity to boost profits by as much as 22%,...
What is the stock symbol for Praxair (PX)?
Praxair trades on the New York Stock Exchange (NYSE) under the ticker symbol "PX.". Praxair, Inc. (NYSE:PX) issued its earnings results on Thursday, October, 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.44 by $0.06.
Is Praxair (Prax) a good buy on Wall Street?
Praxair has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings. According to analysts' consensus price target of $17.50, Praxair has a forecasted upside of 31.6% from its current price of $13.30.
What happened Praxair stock?
Shares of Praxair (NYSE: PX) will cease trading at the close of the New York Stock Exchange on 30 October 2018 and trading in Linde plc shares is expected to commence on the New York Stock Exchange on 31 October 2018 under the stock ticker symbol “LIN”. Linde plc will seek inclusion in the S&P 500 and DAX 30 indices.
What is Praxair new stock symbol?
Praxair trades on the New York Stock Exchange (NYSE) under the ticker symbol "PX."
How much is Praxair worth?
Praxair Quarterly Stock PriceMarket PriceTrading HighCloseMarket Price First QuarterTrading High$166.95Close$144.30Market Price2017Trading HighCloseMarket PriceFourth QuarterTrading High$156.40Close$154.68Market PriceThird QuarterTrading High$141.88Close$139.7479 more rows
Did Linde buy Praxair?
Linde (Dublin, Ireland) announced in August 2020 that its U.S. subsidiary, Praxair, Inc. (Danbury, Conn., U.S.), will begin operating under the Linde name, effective Sept. 1, 2020. This name change reflects the company's evolution following the merger of Praxair, Inc.
Is PX a good stock?
The consensus among 3 Wall Street analysts covering (NYSE: PX) stock is to Strong Buy PX stock.
When did Linde go public?
Starting today, Linde plc shares will commence trading on the New York Stock Exchange under the stock ticker symbol “LIN”. On the Frankfurt Stock Exchange, Linde plc commenced trading on 29 October 2018 also under the ticker symbol “LIN”.
Is Airgas and Praxair the same?
Results were generated by 117 employees and customers of Airgas and 35 employees and customers of Praxair. Airgas's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Airgas. Their current market cap is $6.71B....Airgas vs Praxair.27%Promoters9%Passive64%Detractors
Is Praxair still in business?
Founded in 1907, Praxair was the largest industrial gases company in North and South America, and the third-largest worldwide by revenue. In 2018 it merged with Linde AG to form Linde plc. The Praxair name was discontinued on September 1, 2020.
Who owns Praxair?
Linde plcPraxair / Parent organizationLinde plc is a global multinational chemical company founded in Germany and, since 2018, domiciled in Ireland and headquartered in the United Kingdom. Linde is the world's largest industrial gas company by market share and revenue. Wikipedia
How much did Linde pay for Praxair?
Two-plus years after it was first announced, the $86 billion merger between Praxair and Linde has been approved by the U.S. Federal Trade Commission, clearing the last significant hurdle to creating the world's largest industrial gas supplier.
Is Airgas owned by Praxair?
RADNOR, PA and DANBURY, CT – June 1, 2012 — Airgas, Inc. (NYSE: ARG) and Praxair, Inc. (NYSE: PX) announce the acquisition by Praxair Canada Inc.
Is Praxair a good company to work for?
90% of employees would recommend working at Praxair with the overall rating of 3.7 out of 5. Employees also rated Praxair 3.5 out of 5 for Company Culture, 3.5 for Rewards You Receive, 3.3 for Growth Opportunities and 3.7 for support you get.
What is the stock symbol for Airgas?
ARGAirgas Inc (ARG)
Is Matheson a publicly traded company?
"We are proud that Matson will now be the state's 14th publicly traded company, and will remain committed to serving the needs of the Hawaii community."
Should I buy or sell Praxair stock right now?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Praxair in the last year. There are currently 5 buy ratings for the stock....
What is Praxair's stock price forecast for 2022?
5 brokers have issued twelve-month price objectives for Praxair's stock. Their forecasts range from $13.00 to $18.00. On average, they predict Prax...
Are investors shorting Praxair?
Praxair saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 947,300 shares, an increase of 59.3...
When is Praxair's next earnings date?
Praxair is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecast for Praxair .
How were Praxair's earnings last quarter?
Praxair, Inc. (NYSE:PX) posted its quarterly earnings results on Thursday, May, 12th. The basic materials company reported $0.18 earnings per share...
How often does Praxair pay dividends? What is the dividend yield for Praxair?
Praxair announced a quarterly dividend on Thursday, May 12th. Shareholders of record on Tuesday, May 31st will be given a dividend of $0.03 per sha...
Is Praxair a good dividend stock?
Praxair(NYSE:PX) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.14%. View Praxair's dividend history .
What guidance has Praxair issued on next quarter's earnings?
Praxair issued an update on its first quarter earnings guidance on Thursday, May, 12th. The company provided earnings per share guidance of $0.18 f...
Who are Praxair's key executives?
Praxair's management team includes the following people: Mr. Stephen F. Angel , Chairman & CEO (Age 62) Mr. Matthew J. White , Sr. VP & CFO (A...
Chemicals Company
Praxair
Praxair has acquired 60 companies. A total of 5 acquisitions came from private equity firms. It has also divested 4 assets.
It's not the worst deal in the world, but neither is it much to get excited about
Mergr View of Praxair's corporate headquarters in Danbury, Connecticut. Corporate HQ Mergr
Similar businesses
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
Making a similar business
Broadly speaking, both Linde and Praxair are in the "gas" business, but not by owning your corner filling station. Rather, they're in the business of producing chemicals in gaseous state -- oxygen, nitrogen, hydrogen, and so on -- for use in medicine and industry.
Why merge?
Accordingly, the companies are structuring this as a true merger of equals, with shareholders in each company ending up owning a 50% interest in the combined company -- which, in a nod to history, will once again go by the name of Linde.
Valuing the new and improved Linde 2.0
But what if it does? Linde and Praxair agree that by merging their operations, they stand to reap $1 billion in annual synergies -- money that can be saved and lead to higher profits.
The upshot for investors
After tax, that should work out to perhaps $3.4 billion in annual profits for the combined company. On a market capitalization of $64.4 billion, that works out to about 19 times earnings for Linde 2.0. The price-to-sales ratio would be 2.1.
When did Praxair merge with BOC?
Believe it or not, industrial gas is not the sexiest growth industry on the planet. Current estimates on S&P Global see Praxair growing its smaller business by about 15% annually over the next five years, but Linde is only expected to expand at about an 8% rate.
When did Praxair spin off?
In March 1999 , Praxair and BOC Group plc of Great Britain announced plans to combine to create the world's largest industrial gas company. Praxair was outbid, however, and BOC's assets were divided between Air Liquide and Air Products in an $11 billion deal.
When did Praxair stop using the Linde name?
By 1995, Lichtenberger had largely delivered on the ambitious goals he set after the company was spun off in 1992. Rejecting a new share offering or a sell-off of assets, Praxair raised its margins by focusing on productivity and cost reductions, which saved an estimated $50 to $60 million a year.
What is Praxair coating?
Praxair stopped using the Linde name in 1999. In a deal brokered three years earlier, Praxair agreed to sell North American rights to the name to Linde AG of Germany for $60 million. Linde AG and its predecessors had been using the name in Europe and elsewhere in the world since its incorporation in 1895.
What was the price of cylinder gas in 1999?
The company's surface coatings business, developed in the 1950s, supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to many industries . Industrial gases by far constitute the greatest portion of Praxair's operations, contributing 86 percent of 2001 sales.
Where did Praxair originate?
The company had exited the packaged gas business under Union Carbide. North American cylinder sales in 1999 were $900 million--$250 million of this due to the Liquid Carbonic acquisition.
Where was the first air separation plant built?
Praxair's origins may be traced back to 19th-century Germany , where a professor of mechanical engineering at the College of Technology in Munich started experiments in refrigeration. Karl von Linde's research came to fruition with the 1895 development of a cryogenic air liquefier. Von Linde built his first oxygen production plant in 1902. His continuing research led to the establishment of the first plant for the production of pure nitrogen two years later. The entrepreneur-scientist went on to build air separation plants throughout Germany and Europe during the first decade of the 20th century.