W. E. Donoghue & Co. LLC acquired a new position in shares of Praxair, Inc. (NYSE:PX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,600 shares of the basic materials company’s stock, valued at approximately $2,200,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PX. Sandy Spring Bank boosted its stake in Praxair by 31.2% during 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. Parallel Advisors LLC boosted its stake in Praxair by 19.1% during 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. bought a new position in Praxair during the second quarter worth $106,000. Exane Derivatives bought a new position in Praxair during the second quarter worth $109,000. Finally, Tortoise Investment Management LLC boosted its stake in Praxair by 3.9% during 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. Institutional investors own 85.30% of the company’s stock.

Praxair, Inc. (NYSE PX) opened at 143.14 on Friday. The company has a market capitalization of $40.94 billion, a price-to-earnings ratio of 26.81 and a beta of 0.95. Praxair, Inc. has a 1-year low of $114.43 and a 1-year high of $143.14. The firm has a 50 day moving average of $138.13 and a 200-day moving average of $132.02.

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, topping the Zacks’ consensus estimate of $1.43 by $0.03. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.80 billion. Praxair had a net margin of 14.10% and a return on equity of 27.93%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. On average, equities research analysts anticipate that Praxair, Inc. will post $5.47 earnings per share for the current fiscal year.

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PX has been the topic of several research analyst reports. Susquehanna Bancshares Inc raised shares of Praxair from a “neutral” rating to a “positive” rating and increased their target price for the stock from $131.00 to $155.00 in a research note on Thursday, September 7th. Zacks Investment Research lowered shares of Praxair from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. UBS AG raised shares of Praxair from a “neutral” rating to a “positive” rating in a research note on Thursday, September 7th. BidaskClub lowered shares of Praxair from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, KeyCorp reissued a “hold” rating on shares of Praxair in a research note on Sunday, September 3rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $138.00.

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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