PX

With 23 employees and sales of $8 million, Weldco is an independent distributor of industrial and specialty gases and ancillary welding equipment, supplies, and services.

John Panikar, president of Praxair Distribution, Inc.

Praxair Distribution, a subsidiary of Praxair (NYSE:PX), has acquired assets of Weldco, a market leader in Cincinnati, Ohio, which is one of the top 20 welding markets in the U.S.

The sale of the business, which under PX provided home respiratory services, home medical equipment and enteral nutrition therapies through a network of more than 80 branches across the country, was announced in February of this y

PX shares are down 1.19% to $97.09.

Apria Healthcare Group announced today that its wholly owned subsidiary, Apria Healthcare, has completed the asset purchase of the United States Homecare Business of Praxair (PX). Terms of the transaction have not been disclosed.

Morgan Stanley downgraded Praxair (NYSE:PX) to underweight from equal-weight and raised its price target to $103, up from $92.
The bank sees 2011 EPS of $5.46 and 2012 EPS of $6.16.
Praxair has a potential upside of 10