Howland Capital Management LLC reduced its stake in shares of Praxair, Inc. (NYSE:PX) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,199 shares of the basic materials company’s stock after selling 10 shares during the period. Howland Capital Management LLC’s holdings in Praxair were worth $5,328,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PX. ARGI Investment Services LLC increased its position in Praxair by 0.3% in the first quarter. ARGI Investment Services LLC now owns 2,007 shares of the basic materials company’s stock valued at $238,000 after buying an additional 6 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Praxair by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,101 shares of the basic materials company’s stock worth $131,000 after buying an additional 8 shares in the last quarter. Capital Management Corp VA increased its position in shares of Praxair by 0.6% in the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock worth $248,000 after buying an additional 11 shares in the last quarter. Lcnb Corp increased its position in shares of Praxair by 0.4% in the first quarter. Lcnb Corp now owns 3,892 shares of the basic materials company’s stock worth $461,000 after buying an additional 15 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC increased its position in shares of Praxair by 0.5% in the first quarter. Birch Hill Investment Advisors LLC now owns 4,154 shares of the basic materials company’s stock worth $493,000 after buying an additional 20 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Shares of Praxair, Inc. (NYSE PX) traded up 0.21% during trading on Friday, reaching $127.89. The company had a trading volume of 248,720 shares. The firm has a 50-day moving average price of $132.60 and a 200-day moving average price of $125.47. The company has a market capitalization of $36.58 billion, a P/E ratio of 23.95 and a beta of 0.93. Praxair, Inc. has a 52-week low of $114.43 and a 52-week high of $138.69.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be given a $0.7875 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $3.15 annualized dividend and a dividend yield of 2.47%. Praxair’s payout ratio is 58.88%.

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A number of brokerages have recently commented on PX. J P Morgan Chase & Co reissued an “overweight” rating and set a $156.00 price objective (up from $130.00) on shares of Praxair in a research report on Sunday, June 11th. Vertical Group raised Praxair to a “hold” rating and boosted their price objective for the stock from $123.00 to $127.00 in a research report on Wednesday, June 7th. BidaskClub downgraded Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and set a $162.00 price objective (up from $140.00) on shares of Praxair in a research report on Saturday, June 3rd. Finally, Vertical Research raised Praxair to a “hold” rating and boosted their price objective for the stock from $123.00 to $127.00 in a research report on Wednesday, June 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Praxair currently has an average rating of “Hold” and an average price target of $135.00.

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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