Shelter Ins Retirement Plan lowered its stake in shares of Praxair, Inc. (NYSE:PX) by 20.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,500 shares of the basic materials company’s stock after selling 5,400 shares during the period. Shelter Ins Retirement Plan’s holdings in Praxair were worth $2,850,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Praxair by 2,091.9% during the first quarter. BlackRock Inc. now owns 17,644,355 shares of the basic materials company’s stock valued at $2,092,621,000 after acquiring an additional 16,839,374 shares during the last quarter. State Street Corp boosted its stake in Praxair by 0.5% in the 1st quarter. State Street Corp now owns 13,820,497 shares of the basic materials company’s stock worth $1,639,105,000 after buying an additional 74,856 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Praxair by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 10,901,896 shares of the basic materials company’s stock worth $1,292,964,000 after buying an additional 48,313 shares during the last quarter. Wellington Management Group LLP boosted its stake in Praxair by 6.2% in the 1st quarter. Wellington Management Group LLP now owns 7,589,771 shares of the basic materials company’s stock worth $900,147,000 after buying an additional 446,016 shares during the last quarter. Finally, Parnassus Investments CA boosted its stake in Praxair by 48.5% in the 1st quarter. Parnassus Investments CA now owns 6,401,228 shares of the basic materials company’s stock worth $737,895,000 after buying an additional 2,091,079 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on PX. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. KeyCorp reissued a “hold” rating on shares of Praxair in a research note on Sunday. Zacks Investment Research lowered Praxair from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Vertical Research raised Praxair to a “hold” rating and raised their price target for the stock from $123.00 to $127.00 in a research note on Wednesday, June 7th. Finally, Vertical Group raised Praxair to a “hold” rating and raised their price target for the stock from $123.00 to $127.00 in a research note on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Praxair has an average rating of “Hold” and an average price target of $135.00.

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Shares of Praxair, Inc. (NYSE PX) opened at 131.03 on Tuesday. The company’s 50 day moving average price is $131.99 and its 200 day moving average price is $127.06. Praxair, Inc. has a one year low of $114.43 and a one year high of $138.69. The stock has a market capitalization of $37.48 billion, a P/E ratio of 24.54 and a beta of 0.93.

Praxair (NYSE:PX) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.03. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts expect that Praxair, Inc. will post $5.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be given a dividend of $0.7875 per share. The ex-dividend date is Wednesday, September 6th. This represents a $3.15 annualized dividend and a dividend yield of 2.40%. Praxair’s dividend payout ratio is presently 58.88%.

Praxair Company Profile

Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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