Northern Trust Corp lessened its position in shares of Praxair, Inc. (NYSE:PX) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,641,370 shares of the basic materials company’s stock after selling 26,288 shares during the period. Northern Trust Corp owned about 1.27% of Praxair worth $482,665,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PX. BlackRock Inc. raised its position in shares of Praxair by 2,091.9% during the 1st quarter. BlackRock Inc. now owns 17,644,355 shares of the basic materials company’s stock worth $2,092,621,000 after purchasing an additional 16,839,374 shares during the period. Renaissance Technologies LLC raised its position in shares of Praxair by 287.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,560,700 shares of the basic materials company’s stock worth $185,099,000 after purchasing an additional 1,158,100 shares during the period. CI Global Investments Inc. raised its position in shares of Praxair by 141.4% during the 2nd quarter. CI Global Investments Inc. now owns 1,933,777 shares of the basic materials company’s stock worth $256,322,000 after purchasing an additional 1,132,606 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Praxair during the 1st quarter worth approximately $55,637,000. Finally, Wellington Management Group LLP raised its position in shares of Praxair by 6.2% during the 1st quarter. Wellington Management Group LLP now owns 7,589,771 shares of the basic materials company’s stock worth $900,147,000 after purchasing an additional 446,016 shares during the period. 85.33% of the stock is currently owned by institutional investors.

Shares of Praxair, Inc. (PX) traded up 1.33% during trading on Wednesday, reaching $138.33. The company’s stock had a trading volume of 715,426 shares. The company has a market capitalization of $39.57 billion, a P/E ratio of 25.90 and a beta of 0.93. The company’s 50-day moving average is $131.77 and its 200-day moving average is $128.42. Praxair, Inc. has a 12 month low of $114.43 and a 12 month high of $138.69.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 8th were given a $0.7875 dividend. This represents a $3.15 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, September 6th. Praxair’s dividend payout ratio (DPR) is presently 58.88%.

COPYRIGHT VIOLATION NOTICE: “Praxair, Inc. (PX) Shares Sold by Northern Trust Corp” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/praxair-inc-px-shares-sold-by-northern-trust-corp/1576149.html.

PX has been the topic of a number of research reports. Deutsche Bank AG reiterated a “hold” rating on shares of Praxair in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $162.00 price target (up from $140.00) on shares of Praxair in a research report on Saturday, June 3rd. Vertical Group upgraded Praxair to a “hold” rating and increased their price target for the stock from $123.00 to $127.00 in a research report on Wednesday, June 7th. Bank of America Corporation upgraded Praxair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $140.00 to $150.00 in a research report on Wednesday, June 7th. Finally, Vertical Research upgraded Praxair to a “hold” rating and increased their price target for the stock from $123.00 to $127.00 in a research report on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $138.00.

Praxair 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.

Want to see what other hedge funds are holding PX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Praxair, Inc. (NYSE:PX).

Institutional Ownership by Quarter for Praxair (NYSE:PX)

Receive News & Ratings for Praxair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.