Praxair, Inc. (PX) Stake Lessened by Toronto Dominion Bank
Toronto Dominion Bank cut its holdings in shares of Praxair, Inc. (NYSE:PX) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,726 shares of the basic materials company’s stock after selling 26,807 shares during the period. Toronto Dominion Bank’s holdings in Praxair were worth $30,327,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Kaizen Advisory LLC boosted its holdings in Praxair by 140.9% in the second quarter. Kaizen Advisory LLC now owns 677 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 396 shares during the last quarter. Landaas & Co. WI ADV purchased a new stake in Praxair in the second quarter valued at $147,000. Hartford Financial Management Inc. boosted its stake in shares of Praxair by 439.0% during the 2nd quarter. Hartford Financial Management Inc. now owns 1,105 shares of the basic materials company’s stock worth $175,000 after acquiring an additional 900 shares in the last quarter. Massey Quick Simon & CO. LLC boosted its stake in shares of Praxair by 1,259.0% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 1,128 shares of the basic materials company’s stock worth $178,000 after acquiring an additional 1,045 shares in the last quarter. Finally, Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in shares of Praxair during the 2nd quarter worth about $200,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on PX shares. Zacks Investment Research upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a report on Wednesday, September 26th. Sanford C. Bernstein started coverage on shares of Praxair in a report on Monday, September 24th. They set an “underperform” rating and a $132.00 price target for the company. BNP Paribas started coverage on shares of Praxair in a report on Tuesday, October 2nd. They set a “neutral” rating for the company. BMO Capital Markets raised their price target on shares of Praxair from $164.00 to $170.00 and gave the stock a “market perform” rating in a report on Monday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Praxair presently has a consensus rating of “Hold” and an average target price of $175.82.
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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