Quadrant Capital Group LLC cut its holdings in shares of Praxair, Inc. (NYSE:PX) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,193 shares of the basic materials company’s stock after selling 15 shares during the period. Quadrant Capital Group LLC’s holdings in Praxair were worth $141,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PX. State of Tennessee Treasury Department grew its stake in shares of Praxair by 12.3% during the first quarter. State of Tennessee Treasury Department now owns 112,862 shares of the basic materials company’s stock valued at $13,385,000 after acquiring an additional 12,340 shares in the last quarter. Holderness Investments Co. grew its stake in shares of Praxair by 10.6% during the first quarter. Holderness Investments Co. now owns 3,134 shares of the basic materials company’s stock valued at $372,000 after acquiring an additional 300 shares in the last quarter. State of Wisconsin Investment Board grew its stake in shares of Praxair by 4.9% during the first quarter. State of Wisconsin Investment Board now owns 167,733 shares of the basic materials company’s stock valued at $19,893,000 after acquiring an additional 7,793 shares in the last quarter. Intellectus Partners LLC acquired a new stake in shares of Praxair during the first quarter valued at about $212,000. Finally, Meristem LLP grew its stake in shares of Praxair by 3.5% during the first quarter. Meristem LLP now owns 1,949 shares of the basic materials company’s stock valued at $231,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 85.33% of the company’s stock.

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Shares of Praxair, Inc. (NYSE PX) traded down 0.19% during trading on Wednesday, reaching $140.35. 150,328 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $135.94 and a 200-day moving average price of $130.88. The company has a market capitalization of $40.15 billion, a PE ratio of 26.84 and a beta of 0.95. Praxair, Inc. has a 52-week low of $114.43 and a 52-week high of $142.97.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 8th were paid a $0.7875 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $3.15 dividend on an annualized basis and a yield of 2.24%. Praxair’s payout ratio is currently 58.88%.

Several equities analysts have recently commented on the stock. BidaskClub cut shares of Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Praxair from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $162.00 price target on shares of Praxair in a research report on Wednesday, June 21st. UBS AG raised shares of Praxair from a “neutral” rating to a “positive” rating in a research report on Thursday, September 7th. Finally, Susquehanna Bancshares Inc raised shares of Praxair from a “neutral” rating to a “positive” rating and increased their price target for the stock from $131.00 to $155.00 in a research report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $138.00.

Praxair 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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