Bank of Nova Scotia Trust Co. lifted its position in shares of Praxair, Inc. (NYSE:PX) by 48.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,636 shares of the basic materials company’s stock after buying an additional 5,413 shares during the quarter. Bank of Nova Scotia Trust Co.’s holdings in Praxair were worth $2,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PX. Swiss National Bank raised its stake in Praxair by 24.9% in the first quarter. Swiss National Bank now owns 1,120,967 shares of the basic materials company’s stock valued at $132,947,000 after purchasing an additional 223,300 shares in the last quarter. World Asset Management Inc raised its stake in Praxair by 17.5% in the first quarter. World Asset Management Inc now owns 32,054 shares of the basic materials company’s stock valued at $3,802,000 after purchasing an additional 4,784 shares in the last quarter. British Columbia Investment Management Corp raised its stake in Praxair by 41.6% in the first quarter. British Columbia Investment Management Corp now owns 206,641 shares of the basic materials company’s stock valued at $24,508,000 after purchasing an additional 60,748 shares in the last quarter. Autus Asset Management LLC raised its stake in Praxair by 6.3% in the first quarter. Autus Asset Management LLC now owns 34,996 shares of the basic materials company’s stock valued at $4,151,000 after purchasing an additional 2,073 shares in the last quarter. Finally, Haverford Trust Co. raised its stake in Praxair by 5.7% in the first quarter. Haverford Trust Co. now owns 86,103 shares of the basic materials company’s stock valued at $10,212,000 after purchasing an additional 4,669 shares in the last quarter. 85.33% of the stock is owned by institutional investors.

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PX has been the subject of a number of analyst reports. Zacks Investment Research downgraded Praxair from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Susquehanna Bancshares Inc raised Praxair from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $131.00 to $155.00 in a research note on Thursday, September 7th. UBS AG raised Praxair from a “neutral” rating to a “positive” rating in a research note on Thursday, September 7th. Deutsche Bank AG reissued a “hold” rating on shares of Praxair in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Praxair from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $138.00.

Praxair, Inc. (NYSE PX) traded down 0.94% during mid-day trading on Friday, hitting $139.74. The stock had a trading volume of 1,304,296 shares. The firm has a market cap of $39.97 billion, a PE ratio of 26.17 and a beta of 0.93. Praxair, Inc. has a 52 week low of $114.43 and a 52 week high of $141.88. The company’s 50 day moving average price is $131.77 and its 200 day moving average price is $128.42.

Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.03. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Praxair had a return on equity of 27.93% and a net margin of 14.10%. Praxair’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS. Analysts anticipate that Praxair, Inc. will post $5.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 8th were issued a dividend of $0.7875 per share. The ex-dividend date was Wednesday, September 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.25%. Praxair’s dividend payout ratio is 58.88%.

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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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