Praxair, Inc. (PX) Position Cut by Livforsakringsbolaget Skandia Omsesidigt

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.

Several equities analysts have recently weighed in on PX shares. Jefferies Financial Group restated a “$165.03” rating and set a $194.00 price objective on shares of Praxair in a research report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research report on Wednesday, September 26th. Citigroup raised their price objective 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 restated a “hold” rating and set a $164.00 price objective on shares of Praxair in a research report on Tuesday, July 17th. Finally, Seaport Global Securities restated a “hold” rating and set a $175.00 price objective on shares of Praxair in a research report on Tuesday, August 7th. One investment 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 a consensus rating of “Buy” and a consensus target price of $175.38.

About Praxair

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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