Valeo Financial Advisors LLC trimmed its position in Praxair, Inc. (NYSE:PX) by 36.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629 shares of the basic materials company’s stock after selling 356 shares during the period. Valeo Financial Advisors LLC’s holdings in Praxair were worth $103,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of PX. Kaizen Advisory LLC boosted 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 worth $107,000 after buying an additional 396 shares during the last quarter. Landaas & Co. WI ADV purchased a new position in shares of Praxair in the 2nd quarter worth approximately $147,000. Hartford Financial Management Inc. boosted 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 worth $175,000 after buying an additional 900 shares during the last quarter. Massey Quick Simon & CO. LLC boosted 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 worth $178,000 after buying an additional 1,045 shares during the last quarter. Finally, Cantor Fitzgerald Investment Adviser L.P. purchased a new position in shares of Praxair in the 2nd quarter worth approximately $200,000. 86.18% of the stock is owned by institutional investors and hedge funds.
Shares of PX stock opened at $164.50 on Monday. Praxair, Inc. has a 1 year low of $140.00 and a 1 year high of $169.75.
A number of equities analysts have recently weighed in on PX shares. Jefferies Financial Group restated a “$165.03” rating and issued a $194.00 target price on shares of Praxair in a research note 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 report on Wednesday, September 26th. Citigroup lifted their price target on shares of Praxair from $177.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. BMO Capital Markets reaffirmed a “hold” rating and issued a $164.00 price target on shares of Praxair in a report on Tuesday, July 17th. Finally, Seaport Global Securities reaffirmed a “hold” rating and issued a $175.00 price target on shares of Praxair in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average 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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