Robeco Institutional Asset Management B.V. Buys 15,341 Shares of Praxair, Inc. (PX)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Praxair, Inc. (NYSE:PX) by 46.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,049 shares of the basic materials company’s stock after purchasing an additional 15,341 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Praxair were worth $7,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PX. Kaizen Advisory LLC grew its stake in shares of Praxair by 140.9% in the 2nd quarter. Kaizen Advisory LLC now owns 677 shares of the basic materials company’s stock valued at $107,000 after buying an additional 396 shares during the period. Landaas & Co. WI ADV acquired a new stake in shares of Praxair in the 2nd quarter valued at about $147,000. Hartford Financial Management Inc. grew its stake in shares of Praxair by 439.0% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,105 shares of the basic materials company’s stock valued at $175,000 after buying an additional 900 shares during the period. Massey Quick Simon & CO. LLC grew its stake in shares of Praxair by 1,259.0% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 1,128 shares of the basic materials company’s stock valued at $178,000 after buying an additional 1,045 shares during the period. Finally, Cantor Fitzgerald Investment Adviser L.P. acquired a new stake in shares of Praxair in the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Praxair stock opened at $164.50 on Friday. Praxair, Inc. has a 52 week low of $140.00 and a 52 week high of $169.75. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 1.11. The company has a market cap of $47.31 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 1.96 and a beta of 1.08.

PX has been the subject of several research reports. Seaport Global Securities restated a “hold” rating and issued a $175.00 target price on shares of Praxair in a research note on Tuesday, August 7th. Jefferies Financial Group reaffirmed a “$165.03” rating and issued a $194.00 price target on shares of Praxair in a research report on Wednesday, July 18th. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Wednesday, September 26th. JPMorgan Chase & Co. raised their price target on shares of Praxair from $180.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $164.00 price target on shares of Praxair in a research report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $175.38.

Praxair Company Profile

Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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