Amalgamated Bank lifted its stake in shares of Praxair, Inc. (NYSE:PX) by 56.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,528 shares of the basic materials company’s stock after acquiring an additional 12,086 shares during the quarter. Amalgamated Bank’s holdings in Praxair were worth $4,444,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. ARGI Investment Services LLC boosted its stake in shares of Praxair by 0.3% during the first quarter. ARGI Investment Services LLC now owns 2,007 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 6 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Praxair by 0.7% during 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 purchasing an additional 8 shares in the last quarter. Capital Management Corp VA boosted its stake in shares of Praxair by 0.6% during the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 11 shares in the last quarter. Lcnb Corp boosted its stake in shares of Praxair by 0.4% during the first quarter. Lcnb Corp now owns 3,892 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 15 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC boosted its stake in shares of Praxair by 0.5% during 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 purchasing an additional 20 shares in the last quarter. 85.33% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on PX. Jefferies Group LLC reiterated a “buy” rating and set a $162.00 price objective (up from $140.00) on shares of Praxair in a research note on Saturday, June 3rd. J P Morgan Chase & Co reiterated an “overweight” rating and set a $156.00 price objective (up from $130.00) on shares of Praxair in a research note on Sunday, June 11th. BidaskClub downgraded shares of Praxair from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Praxair from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Praxair in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $138.00.

Shares of Praxair, Inc. (PX) opened at 134.22 on Monday. The firm has a market capitalization of $38.39 billion, a P/E ratio of 25.13 and a beta of 0.93. Praxair, Inc. has a 52 week low of $114.43 and a 52 week high of $138.69. The firm has a 50-day moving average of $131.52 and a 200 day moving average of $128.05.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 8th were given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Wednesday, September 6th. Praxair’s dividend payout ratio is presently 58.88%.

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About Praxair

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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