Brown Advisory Inc. lifted its holdings in Praxair, Inc. (NYSE:PX) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,908 shares of the basic materials company’s stock after acquiring an additional 3,551 shares during the period. Brown Advisory Inc.’s holdings in Praxair were worth $11,878,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Rational Advisors LLC raised its stake in shares of Praxair by 389.7% during the third quarter. Rational Advisors LLC now owns 710 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 565 shares during the period. Landaas & Co. WI ADV bought a new stake in Praxair during the second quarter valued at $147,000. Hartford Financial Management Inc. boosted its holdings in shares of Praxair by 439.0% during the second quarter. Hartford Financial Management Inc. now owns 1,105 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 900 shares during the period. Massey Quick Simon & CO. LLC boosted its holdings in shares of Praxair by 1,259.0% during the second quarter. Massey Quick Simon & CO. LLC now owns 1,128 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 1,045 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Praxair during the third quarter valued at $201,000. 86.18% of the stock is currently owned by institutional investors.
PX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Praxair from a “buy” rating to a “hold” rating in a report on Monday, October 8th. BNP Paribas assumed coverage on Praxair in a report on Tuesday, October 2nd. They set a “neutral” rating on the stock. Sanford C. Bernstein assumed coverage on Praxair in a report on Monday, September 24th. They issued an “underperform” rating and a $132.00 target price on the stock. Finally, Seaport Global Securities reiterated a “hold” rating and issued a $175.00 target price on shares of Praxair in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $175.82.
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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