Front Barnett Associates LLC increased its holdings in shares of Praxair, Inc. (NYSE:PX) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,813 shares of the basic materials company’s stock after acquiring an additional 891 shares during the quarter. Front Barnett Associates LLC’s holdings in Praxair were worth $8,810,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. CIBC Asset Management Inc increased its position in Praxair by 2.0% in the second quarter. CIBC Asset Management Inc now owns 33,029 shares of the basic materials company’s stock worth $5,224,000 after buying an additional 662 shares during the last quarter. Sun Life Financial INC increased its position in Praxair by 414.8% in the second quarter. Sun Life Financial INC now owns 2,162 shares of the basic materials company’s stock worth $342,000 after buying an additional 1,742 shares during the last quarter. GWM Advisors LLC increased its position in Praxair by 22.6% in the third quarter. GWM Advisors LLC now owns 3,116 shares of the basic materials company’s stock worth $501,000 after buying an additional 575 shares during the last quarter. Greenleaf Trust increased its position in Praxair by 25.8% in the second quarter. Greenleaf Trust now owns 10,060 shares of the basic materials company’s stock worth $1,591,000 after buying an additional 2,060 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Praxair by 9.7% in the second quarter. Schroder Investment Management Group now owns 847,150 shares of the basic materials company’s stock worth $132,731,000 after buying an additional 74,610 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

A number of analysts have issued reports on the company. Seaport Global Securities reissued a “hold” rating and issued a $175.00 target price on shares of Praxair in a research report on Tuesday, August 7th. Jefferies Financial Group reissued a “$165.03” rating and issued a $194.00 target price on shares of Praxair in a research report on Wednesday, July 18th. BMO Capital Markets reissued a “hold” rating and issued a $164.00 target price on shares of Praxair in a research report on Tuesday, July 17th. Zacks Investment Research downgraded Praxair from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, JPMorgan Chase & Co. lifted their price target on Praxair from $180.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $175.42.

Shares of NYSE PX opened at $164.50 on Friday. Praxair, Inc. has a fifty-two week low of $140.00 and a fifty-two week high of $169.75.

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Praxair Company Profile

Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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