Rockefeller Capital Management L.P. Sells 17,725 Shares of Praxair, Inc. (PX)

Rockefeller Capital Management L.P. decreased its holdings in Praxair, Inc. (NYSE:PX) by 77.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,015 shares of the basic materials company’s stock after selling 17,725 shares during the period. Rockefeller Capital Management L.P.’s holdings in Praxair were worth $806,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Praxair by 4.7% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,015,076 shares of the basic materials company’s stock valued at $634,984,000 after acquiring an additional 181,847 shares during the period. Bank of America Corp DE lifted its position in Praxair by 12.7% during the second quarter. Bank of America Corp DE now owns 2,864,195 shares of the basic materials company’s stock valued at $452,973,000 after purchasing an additional 321,936 shares during the last quarter. Morgan Stanley lifted its position in Praxair by 45.6% during the second quarter. Morgan Stanley now owns 2,198,692 shares of the basic materials company’s stock valued at $347,726,000 after purchasing an additional 688,418 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Praxair by 556.7% during the second quarter. Canada Pension Plan Investment Board now owns 1,676,942 shares of the basic materials company’s stock valued at $265,208,000 after purchasing an additional 1,421,596 shares during the last quarter. Finally, Putnam Investments LLC lifted its position in Praxair by 61.1% during the second quarter. Putnam Investments LLC now owns 1,506,298 shares of the basic materials company’s stock valued at $238,221,000 after purchasing an additional 571,306 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Several equities research analysts have issued reports on PX shares. Citigroup lifted their target price on shares of Praxair from $177.00 to $189.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. BMO Capital Markets reiterated a “hold” rating and set a $164.00 target price on shares of Praxair in a research report on Tuesday, July 17th. Jefferies Financial Group reiterated a “$165.03” rating and set a $194.00 target price on shares of Praxair in a research report on Wednesday, July 18th. Zacks Investment Research lowered shares of Praxair from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, JPMorgan Chase & Co. lifted their target price 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $175.38.

Shares of PX opened at $164.50 on Wednesday. Praxair, Inc. has a fifty-two week low of $140.00 and a fifty-two week high of $169.75.

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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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