IFP Advisors Inc decreased its holdings in shares of Praxair, Inc. (NYSE:PX) by 19.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,165 shares of the basic materials company’s stock after selling 742 shares during the period. IFP Advisors Inc’s holdings in Praxair were worth $509,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of PX. Kaizen Advisory LLC grew its holdings 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 position in Praxair in the 2nd quarter worth $147,000. Hartford Financial Management Inc. boosted its stake in Praxair by 439.0% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,105 shares of the basic materials company’s stock worth $175,000 after purchasing an additional 900 shares during the period. Massey Quick Simon & CO. LLC boosted its stake in 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 worth $178,000 after purchasing an additional 1,045 shares during the period. Finally, Cantor Fitzgerald Investment Adviser L.P. acquired a new position in Praxair in the 2nd quarter worth $200,000. Institutional investors own 86.18% of the company’s stock.
Praxair stock opened at $164.50 on Monday. Praxair, Inc. has a one year low of $140.00 and a one year high of $169.75.
A number of equities analysts recently weighed in on PX shares. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research note on Wednesday, September 26th. Sanford C. Bernstein started coverage on shares of Praxair in a research note on Monday, September 24th. They issued an “underperform” rating and a $132.00 target price for the company. BNP Paribas started coverage on shares of Praxair in a research note on Tuesday, October 2nd. They issued a “neutral” rating for the company. Citigroup upped their target price on shares of Praxair from $177.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Finally, Jefferies Financial Group reaffirmed a “$165.03” rating and issued a $194.00 target price on shares of Praxair in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $175.38.
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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