OxFORD Asset Management LLP purchased a new position in shares of Praxair, Inc. (NYSE:PX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 25,611 shares of the basic materials company’s stock, valued at approximately $3,395,000.

A number of other institutional investors have also bought and sold shares of PX. British Columbia Investment Management Corp grew its holdings in Praxair by 41.6% during the first quarter. British Columbia Investment Management Corp now owns 206,641 shares of the basic materials company’s stock worth $24,508,000 after purchasing an additional 60,748 shares during the period. Autus Asset Management LLC grew its holdings in Praxair by 6.3% during the first quarter. Autus Asset Management LLC now owns 34,996 shares of the basic materials company’s stock worth $4,151,000 after purchasing an additional 2,073 shares during the period. Haverford Trust Co. grew its holdings in Praxair by 5.7% during the first quarter. Haverford Trust Co. now owns 86,103 shares of the basic materials company’s stock worth $10,212,000 after purchasing an additional 4,669 shares during the period. Karp Capital Management Corp bought a new position in Praxair during the first quarter worth about $17,660,000. Finally, Capital Analysts LLC grew its holdings in Praxair by 6.8% during the first quarter. Capital Analysts LLC now owns 1,015 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 85.33% of the company’s stock.

Shares of Praxair, Inc. (NYSE PX) opened at 139.74 on Friday. The firm has a market capitalization of $39.97 billion, a P/E 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 stock has a 50 day moving average of $131.77 and a 200-day moving average of $128.42.

Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.03. The company had revenue of $2.83 billion during 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%. Praxair’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $1.39 EPS. Equities analysts expect that Praxair, Inc. will post $5.47 earnings per share for the current fiscal year.

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

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A number of equities research analysts have recently issued reports on PX shares. BidaskClub cut Praxair from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Vertical Group upgraded Praxair to a “hold” rating and boosted their price objective for the stock from $123.00 to $127.00 in a report on Wednesday, June 7th. Jefferies Group LLC restated a “buy” rating and set a $162.00 price objective (up previously from $140.00) on shares of Praxair in a report on Saturday, June 3rd. J P Morgan Chase & Co restated an “overweight” rating and set a $156.00 price objective (up previously from $130.00) on shares of Praxair in a report on Sunday, June 11th. Finally, Vertical Research upgraded Praxair to a “hold” rating and boosted their price objective for the stock from $123.00 to $127.00 in a report on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Praxair presently has a consensus rating of “Hold” and a consensus price target of $138.00.

Praxair Company Profile

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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