Livforsakringsbolaget Skandia Omsesidigt lessened its stake in Praxair, Inc. (NYSE:PX) by 50.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,586 shares of the basic materials company’s stock after selling 2,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Praxair were worth $416,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kaizen Advisory LLC boosted its position in shares of Praxair by 140.9% during the 2nd quarter. Kaizen Advisory LLC now owns 677 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 396 shares in the last quarter. Landaas & Co. WI ADV bought a new position in shares of Praxair during the 2nd quarter valued at about $147,000. Clarus Wealth Advisors bought a new position in shares of Praxair during the 2nd quarter valued at about $152,000. Hartford Financial Management Inc. boosted its position in shares of Praxair by 439.0% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,105 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 900 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC boosted its position in shares of Praxair by 1,259.0% during 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 purchasing an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.
PX stock opened at $164.50 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 1.11. Praxair, Inc. has a one year low of $140.00 and a one year high of $169.75. The stock has a market cap of $47.43 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 1.97 and a beta of 1.08.
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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