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PX $11.8

PX target price
11.80
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Praxair, Inc.
Type
Public
Traded as NYSE: PX
S&P 500 Component
Industry Chemicals (industrial gases)
Founded 1907
Headquarters Danbury, Connecticut, United States
Key people
Steve Angel - Chairman, President and CEO
Revenue US$ 10.8 billion (2015)
Number of employees
26,000 (2015)
Website http://www.praxair.com

Praxair, Inc. is an American worldwide industrial gases company. It is the largest industrial gases company in North and South America, and the third-largest worldwide by revenue.

The company was founded by Carl von Linde as Linde Air Products Company in 1907. In 1917, it joined with 4 other chemical companies under the name Union Carbide and Carbon Corporation, while maintaining a separate identity. Its degree of independence waxed and waned over the years, and in 1989, it was spun off as a subsidiary, Union Carbide Industrial Gases Inc., and renamed to Praxair when it became a formally independent company three years later. The name is derived from a combination of the Greek word "praxis", or practical application, and "air", the company's primary raw material.

Praxair was the first company in North America to commercialize cryogenically separated oxygen. The company introduced the first distribution system for liquid gas in 1917 and developed on-site gas supply in the 1940s. In the 1960s, Praxair introduced non-cryogenic means of air separation.

In August 2016 it was publicly announced that the American company was in official negotiations to merger with the German competitor Linde Group, which would form the world's largest gas supplier. The following month in September the negotiations were halted and suspended indefinitely. As of mid December 2016 Praxair has resumed negotiations with Linde for a potential merger In late December an official announcement was made that Praxair has reached an agreement to merger with Linde in a deal valued at $35 billion with an overall merger value of $65 billion. In April, 2017 Linde again rejected a request for a shareholder vote at its annual general meeting in May (from German private-investor association DSW). In May 2017, both companies reached a deal in principle on an all-share merger of equals valued at $75 billion, the deal will still need the approval of Praxair's board of directors as well as Linde's management and executive boards and if approved, will form a new holding company. In early June, both companies agreed to the merger.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2023-03-01 Future report Set alerts
Q2 2022 2022-08-11 0.19 0.19
Q1 2022 2022-05-12 0.18 0.18
Q1 2019 2022-05-12 0.18 0.18
Q4 2021 2022-03-01 0.18 0.18
Q4 2018 2022-03-01 0.00 0.00
Q3 2018 2018-10-31 0.00 0.00

Ratings

2016-07-06 Reiterated Rating Jefferies Group Buy
2016-06-16 Reiterated Rating Morgan Stanley Hold $100.00
2016-06-15 Reiterated Rating Jefferies Group Buy $135.00
2016-05-02 Reiterated Rating JPMorgan Chase & Co. Hold $109.00
2016-05-02 Boost Price Target Barclays Equal Weight $112.00 to $120.00
2016-05-02 Boost Price Target Barclays PLC Equal Weight $112.00 to $120.00
2016-04-18 Boost Price Target Citigroup Inc. Neutral $106.00 to $121.00
2016-04-12 Boost Price Target Goldman Sachs $97.00 to $102.00
2016-04-12 Boost Price Target Goldman Sachs Group Inc. $97.00 to $102.00
2016-04-04 Downgrade Deutsche Bank Buy to Hold $114.00 to $120.00
2016-04-04 Downgrade Deutsche Bank AG Buy to Hold $114.00 to $120.00
2016-03-24 Initiated Coverage Credit Suisse Neutral $107.00 to $117.00
2016-03-24 Initiated Coverage Credit Suisse Group AG Neutral $107.00 to $117.00
2016-02-22 Boost Price Target Susquehanna Neutral $106.00 to $110.00
2016-02-04 Lower Price Target JPMorgan Chase & Co. $113.00 to $103.00
2016-02-01 Lower Price Target Robert W. Baird Neutral $120.00 to $106.00
2016-02-01 Reiterated Rating Jefferies Group Buy $126.00 to $115.00
2016-01-22 Initiated Coverage Bank of America Underperform
2016-01-22 Initiated Coverage Bank of America Corp. Underperform
2016-01-13 Upgrade Seaport Global Securities Neutral to Accumulate $115.00 to $115.00
2016-01-08 Lower Price Target Jefferies Group Buy $135.00 to $126.00
2016-01-05 Boost Price Target Citigroup Inc. $113.00 to $114.00
2015-12-18 Reiterated Rating Deutsche Bank Buy $125.00 to $115.00
2015-12-14 Reiterated Rating KeyBanc Buy $120.00 to $118.00
2015-12-14 Reiterated Rating KeyCorp Buy $120.00 to $118.00
2015-11-03 Reiterated Rating Susquehanna Neutral $110.00 to $115.00
2015-11-02 Lower Price Target Barclays Equal Weight $130.00 to $128.00
2015-11-02 Boost Price Target Jefferies Group Buy $123.00 to $135.00
2015-11-01 Reiterated Rating Deutsche Bank Buy $125.00
2015-10-30 Lower Price Target Credit Suisse $140.00 to $125.00
2015-10-26 Lower Price Target Robert W. Baird Neutral $126.00 to $120.00
2015-10-07 Lower Price Target Susquehanna Neutral $120.00 to $110.00
2015-09-23 Set Price Target Jefferies Group $123.00
2015-08-26 Lower Price Target Global Hunter Securities Neutral $126.00 to $120.00
2015-08-26 Lower Price Target Seaport Global Securities Neutral $126.00 to $120.00
2015-06-04 Initiated Coverage Global Hunter Securities Neutral $130.00
2015-06-04 Initiated Coverage Seaport Global Securities Neutral $130.00
2015-05-06 Lower Price Target Susquehanna Neutral $124.00 to $120.00
2015-05-04 Lower Price Target Citigroup Inc. Neutral $132.00 to $128.00
2015-04-30 Lower Price Target Barclays Equal Weight $141.00 to $136.00
2015-04-30 Reiterated Rating Deutsche Bank Buy $138.00 to $136.00
2015-04-14 Lower Price Target KeyBanc Overweight $133.00 to $130.00
2015-01-29 Reiterated Rating JPMorgan Chase & Co. Hold $126.00 to $123.00
2015-01-29 Reiterated Rating Credit Suisse Buy $140.00 to $136.00
2015-01-29 Reiterated Rating Citigroup Inc. Hold $141.00 to $132.00
2015-01-28 Reiterated Rating William Blair Hold
2015-01-26 Downgrade Robert W. Baird Outperform to Neutral $136.00 to $133.00
2014-11-12 Initiated Coverage Tigress Financial Neutral
2014-10-31 Reiterated Rating Credit Suisse Neutral $135.00 to $130.00
2014-10-30 Reiterated Rating Deutsche Bank Buy $146.00 to $140.00
2014-10-30 Reiterated Rating Citigroup Inc. Neutral $136.00 to $133.00
2014-10-06 Set Price Target Citigroup Inc. Neutral $142.00 to $136.00
2014-07-31 Upgrade First Analysis Equal Weight to Overweight $155.00
2014-07-24 Reiterated Rating JPMorgan Chase & Co. Neutral $134.00 to $136.00
2014-07-24 Downgrade William Blair Outperform to Market Perform
2014-07-16 Reiterated Rating KeyBanc Buy $140.00 to $144.00
2014-04-24 Reiterated Rating Citigroup Inc. Hold $142.00
2014-04-24 Reiterated Rating Deutsche Bank Buy $145.00 to $146.00
2014-04-24 Boost Price Target Robert W. Baird $144.00 to $145.00
2014-04-23 Reiterated Rating Morgan Stanley Equal Weight $140.00
2014-03-17 Boost Price Target Jefferies Group $143.00 to $152.00
2014-02-06 Lower Price Target Susquehanna $133.00 to $127.00
2014-01-31 Boost Price Target Deutsche Bank $140.00 to $145.00
2014-01-30 Boost Price Target Barclays Equal Weight $135.00 to $145.00
2014-01-30 Lower Price Target Credit Suisse Neutral $135.00
2014-01-30 Downgrade JPMorgan Chase & Co. Overweight to Neutral
2014-01-30 Boost Price Target Societe Generale $135.00 to $148.00
2013-11-05 Boost Price Target Barclays Equal Weight $125.00 to $135.00
2013-11-01 Boost Price Target Raymond James Strong-Buy $135.00 to $145.00
2013-10-31 Boost Price Target Deutsche Bank Buy $135.00 to $140.00
2013-10-21 Boost Price Target BGC Financial Buy $135.00 to $145.00
2013-10-16 Boost Price Target Jefferies Group Buy $137.00 to $140.00
2013-10-04 Reiterated Rating Oppenheimer Buy $137.00
2013-10-04 Boost Price Target Robert W. Baird Outperform $129.00 to $142.00
2013-09-17 Boost Price Target Oppenheimer Outperform $135.00 to $137.00
2011-11-02 Downgrade Argus Buy to Hold
2011-08-31 Initiated Barclays Capital Equal Weight $105
2010-08-02 Reiterated Argus Buy $92 to $99
2009-10-02 Initiated William Blair Outperform
2009-06-08 Reiterated Jefferies & Co Buy $81 to $88
2009-05-14 Initiated UBS Buy
2009-04-23 Upgrade Citigroup Hold to Buy
2016-07-06 Reiterated Rating Jefferies Group Buy
2016-06-16 Reiterated Rating Morgan Stanley Hold $100.00
2016-06-15 Reiterated Rating Jefferies Group Buy $135.00
2016-05-02 Reiterated Rating JPMorgan Chase & Co. Hold $109.00
2016-05-02 Boost Price Target Barclays Equal Weight $112.00 to $120.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ANGEL STEPHEN F President & CEO 0.06%  (168433) PPG / PX /
Menezes Eduardo F Executive Vice President 0.02%  (66288) PX /
Telesz Scott E Executive Vice President 0.02%  (47764) PX /
Breedlove James T Senior VP, Gen. Counsel & Sec. 0.01%  (37824) PX / QHC /
Roby Anne K Senior Vice President 0.01%  (26251) PX /
SMITH WAYNE T 0.01%  (24430) CYH / PX /
White Matthew J Senior Vice President & CFO 0.01%  (24376) PX /
DICCIANI NANCE K 0.01%  (23758) BLVD / HAL / LYB / PX / ROC /
SAWYER JAMES S Executive V.P. and CFO 0.01%  (20804) CLF / PX /
GALANTE EDWARD G 0.01%  (19175) CE / CLH / PX / TSO /
Savoia Sally A Vice President 0.01%  (18773) PX /
WOOD ROBERT L 0.01%  (18269) JAH / MRC / PX /
Hirsch Elizabeth T Vice President & Controller 0.01%  (17139) PX /
LEBOEUF RAYMOND W 0.01%  (16620) PX /
McVay Larry D 0.01%  (16284) CBI / CPE / PX /