AKO Capital LLP Purchases 42,741 Shares of Praxair, Inc. (PX)

AKO Capital LLP lifted its position in shares of Praxair, Inc. (NYSE:PX) by 8.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 553,146 shares of the basic materials company’s stock after purchasing an additional 42,741 shares during the period. Praxair accounts for 4.5% of AKO Capital LLP’s portfolio, making the stock its 9th biggest position. AKO Capital LLP’s holdings in Praxair were worth $88,907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of PX. CIBC Asset Management Inc raised its position in shares of Praxair by 2.0% during the 2nd quarter. CIBC Asset Management Inc now owns 33,029 shares of the basic materials company’s stock worth $5,224,000 after purchasing an additional 662 shares during the last quarter. Sun Life Financial INC raised its position in shares of Praxair by 414.8% during the 2nd quarter. Sun Life Financial INC now owns 2,162 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 1,742 shares during the last quarter. GWM Advisors LLC raised its position in shares of Praxair by 22.6% during the 3rd quarter. GWM Advisors LLC now owns 3,116 shares of the basic materials company’s stock worth $501,000 after purchasing an additional 575 shares during the last quarter. Greenleaf Trust raised its position in shares of Praxair by 25.8% during the 2nd quarter. Greenleaf Trust now owns 10,060 shares of the basic materials company’s stock worth $1,591,000 after purchasing an additional 2,060 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Praxair by 9.7% during the 2nd quarter. Schroder Investment Management Group now owns 847,150 shares of the basic materials company’s stock worth $132,731,000 after purchasing an additional 74,610 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on PX shares. BMO Capital Markets restated a “hold” rating and set a $164.00 price target on shares of Praxair in a research report on Tuesday, July 17th. Jefferies Financial Group restated a “$165.03” rating and set a $194.00 price target on shares of Praxair in a research report on Wednesday, July 18th. Zacks Investment Research downgraded shares of Praxair from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. upped their price target on shares of Praxair from $180.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Finally, Seaport Global Securities restated a “hold” rating and set a $175.00 price target on shares of Praxair in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $175.42.

PX stock opened at $164.50 on Friday. Praxair, Inc. has a 12 month low of $140.00 and a 12 month high of $169.75.

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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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