FineMark National Bank & Trust boosted its stake in Praxair, Inc. (NYSE:PX) by 13.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,041 shares of the basic materials company’s stock after buying an additional 598 shares during the period. FineMark National Bank & Trust’s holdings in Praxair were worth $668,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. ARGI Investment Services LLC raised its stake 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 during the last quarter. Guardian Life Insurance Co. of America raised its stake in 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 valued at $131,000 after buying an additional 8 shares during the last quarter. Capital Management Corp VA raised its stake in Praxair by 0.6% in the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock valued at $248,000 after buying an additional 11 shares during the last quarter. Lcnb Corp raised its stake in Praxair by 0.4% in the first quarter. Lcnb Corp now owns 3,892 shares of the basic materials company’s stock valued at $461,000 after buying an additional 15 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC raised its stake in 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 valued at $493,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Praxair, Inc. (NYSE PX) opened at 127.44 on Friday. The company has a market cap of $36.45 billion, a price-to-earnings ratio of 23.87 and a beta of 0.93. The company’s 50-day moving average is $132.46 and its 200 day moving average is $125.54. Praxair, Inc. has a 52-week low of $114.43 and a 52-week high of $138.69.

Praxair (NYSE:PX) last released its quarterly earnings data 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. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the company earned $1.39 EPS. Praxair’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts forecast that Praxair, Inc. will post $5.47 earnings per share for the current fiscal year.

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

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Several analysts have recently issued reports on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $156.00 target price (up previously from $130.00) on shares of Praxair in a research note on Sunday, June 11th. Vertical Group upgraded shares of Praxair to a “hold” rating and upped their target price for the stock from $123.00 to $127.00 in a research note on Wednesday, June 7th. BidaskClub lowered shares of Praxair from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 target price (up previously from $140.00) on shares of Praxair in a research note on Saturday, June 3rd. Finally, Vertical Research upgraded shares of Praxair to a “hold” rating and upped their target price for the stock from $123.00 to $127.00 in a research note on Wednesday, June 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Praxair has a consensus 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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