Greenhaven Associates Inc. decreased its holdings in Praxair, Inc. (NYSE:PX) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,761 shares of the basic materials company’s stock after selling 9,680 shares during the quarter. Praxair accounts for about 0.1% of Greenhaven Associates Inc.’s portfolio, making the stock its 20th largest holding. Greenhaven Associates Inc.’s holdings in Praxair were worth $7,524,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its stake in Praxair by 19.1% in the 2nd quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 123 shares in the last quarter. Exane Derivatives acquired a new stake in Praxair in the 2nd quarter worth about $109,000. Tortoise Investment Management LLC raised its stake in Praxair by 3.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 31 shares in the last quarter. Sandy Spring Bank raised its stake in Praxair by 31.2% in the 1st quarter. Sandy Spring Bank now owns 842 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 200 shares in the last quarter. Finally, V Wealth Management LLC acquired a new stake in Praxair in the 2nd quarter worth about $124,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

Shares of Praxair, Inc. (NYSE:PX) opened at 132.46 on Friday. The company has a market capitalization of $37.89 billion, a price-to-earnings ratio of 24.81 and a beta of 0.93. The company’s 50 day moving average is $131.56 and its 200 day moving average is $127.46. Praxair, Inc. has a one year low of $114.43 and a one year high of $138.69.

Praxair (NYSE:PX) last announced its earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.80 billion. Praxair had a net margin of 14.10% and a return on equity of 27.93%. Praxair’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. Equities research analysts predict that Praxair, Inc. will post $5.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Wednesday, September 6th. Praxair’s dividend payout ratio is currently 58.88%.

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Several research firms have commented on PX. UBS AG raised shares of Praxair from a “neutral” rating to a “positive” rating in a report on Thursday. BidaskClub raised shares of Praxair from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of Praxair from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Vertical Research raised shares of Praxair to a “hold” rating and raised their target price for the company from $123.00 to $127.00 in a report on Wednesday, June 7th. Finally, KeyCorp reissued a “hold” rating on shares of Praxair in a report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $136.82.

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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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