Tiaa Fsb bought a new stake in Praxair, Inc. (NYSE:PX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,374 shares of the basic materials company’s stock, valued at approximately $1,640,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sandy Spring Bank lifted its stake in Praxair by 31.2% in the first quarter. Sandy Spring Bank now owns 842 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 200 shares during the last quarter. Parallel Advisors LLC lifted its stake in Praxair by 19.1% in the second quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 123 shares during the last quarter. Exane Derivatives acquired a new stake in Praxair in the second quarter valued at approximately $109,000. Tortoise Investment Management LLC lifted its stake in Praxair by 3.9% in the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock valued at $110,000 after acquiring an additional 31 shares during the last quarter. Finally, Pacific Center for Financial Services lifted its stake in Praxair by 65.7% in the second quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 85.33% of the company’s stock.

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PX has been the subject of a number of analyst reports. BidaskClub cut shares of Praxair from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 target price on shares of Praxair in a research note on Wednesday, June 21st. Bank of America Corporation upgraded shares of Praxair from a “neutral” rating to a “buy” rating and lifted their target price for the company from $140.00 to $150.00 in a research note on Wednesday, June 7th. Zacks Investment Research upgraded shares of Praxair from a “sell” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Monday, July 31st. Finally, Vertical Group upgraded shares of Praxair to a “hold” rating and lifted their target price for the company from $123.00 to $127.00 in a research note on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Praxair has an average rating of “Hold” and an average target price of $138.00.

Praxair, Inc. (PX) opened at 137.60 on Friday. The stock has a 50 day moving average of $131.77 and a 200-day moving average of $128.42. Praxair, Inc. has a 52-week low of $114.43 and a 52-week high of $138.69. The company has a market cap of $39.36 billion, a price-to-earnings ratio of 25.77 and a beta of 0.93.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were issued a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Wednesday, September 6th. Praxair’s 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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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