Colony Group LLC purchased a new position in Praxair, Inc. (NYSE:PX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,014 shares of the basic materials company’s stock, valued at approximately $400,000.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in shares of Praxair by 19.1% in the second quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 123 shares in the last quarter. BB&T Investment Services Inc. acquired a new position in shares of Praxair in the second quarter worth about $106,000. Exane Derivatives acquired a new position in shares of Praxair in the second quarter worth about $109,000. Tortoise Investment Management LLC lifted its stake in shares of Praxair by 3.9% in the second quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 31 shares in the last quarter. Finally, Sandy Spring Bank lifted its stake in shares of Praxair by 31.2% in the first quarter. Sandy Spring Bank now owns 842 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 85.30% of the company’s stock.

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Several research analysts recently commented on PX shares. Zacks Investment Research upgraded Praxair from a “sell” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Monday, July 31st. BidaskClub cut Praxair from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a $162.00 price objective on shares of Praxair in a research note on Wednesday, June 21st. KeyCorp restated a “hold” rating on shares of Praxair in a research note on Sunday, September 3rd. Finally, UBS AG upgraded Praxair from a “neutral” rating to a “positive” rating in a research note on Thursday, September 7th. Two 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 company. Praxair has an average rating of “Hold” and an average price target of $138.00.

Praxair, Inc. (NYSE PX) traded down 1.2671% during trading on Monday, hitting $140.4081. The stock had a trading volume of 147,821 shares. Praxair, Inc. has a 52 week low of $114.43 and a 52 week high of $142.97. The stock has a 50-day moving average price of $136.86 and a 200-day moving average price of $131.39. The company has a market cap of $40.16 billion, a PE ratio of 26.2936 and a beta of 0.95.

Praxair (NYSE:PX) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the company earned $1.39 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Praxair, Inc. will post $5.47 EPS for the current year.

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.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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