AMP Capital Investors Ltd grew its position in shares of Praxair, Inc. (NYSE:PX) by 2.9% during the third quarter, HoldingsChannel.com reports. The fund owned 82,194 shares of the basic materials company’s stock after purchasing an additional 2,322 shares during the period. AMP Capital Investors Ltd’s holdings in Praxair were worth $13,343,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the business. Rational Advisors LLC boosted its position in shares of Praxair by 389.7% in the 3rd quarter. Rational Advisors LLC now owns 710 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 565 shares in the last quarter. Landaas & Co. WI ADV bought a new stake in shares of Praxair in the 2nd quarter worth approximately $147,000. Hartford Financial Management Inc. boosted its position in shares of Praxair by 439.0% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,105 shares of the basic materials company’s stock worth $175,000 after purchasing an additional 900 shares in the last quarter. Massey Quick Simon & CO. LLC boosted its position in shares of Praxair by 1,259.0% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 1,128 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of Praxair in the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.
PX has been the topic of a number of analyst reports. Seaport Global Securities reissued a “hold” rating and issued a $175.00 price target on shares of Praxair in a research report on Tuesday, August 7th. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Wednesday, September 26th. Sanford C. Bernstein initiated coverage on Praxair in a research report on Monday, September 24th. They issued an “underperform” rating and a $132.00 price target on the stock. Finally, BNP Paribas initiated coverage on Praxair in a research report on Tuesday, October 2nd. They issued a “neutral” rating on the stock. 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 company. The company presently has an average rating of “Hold” and a consensus price target 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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