Robecosam AG lessened its stake in shares of Praxair, Inc. (NYSE:PX) by 78.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,657 shares of the basic materials company’s stock after selling 38,543 shares during the period. Robecosam AG’s holdings in Praxair were worth $1,670,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PX. Boston Research & Management Inc. boosted its holdings in shares of Praxair by 1.7% in the 2nd quarter. Boston Research & Management Inc. now owns 17,670 shares of the basic materials company’s stock valued at $2,794,000 after acquiring an additional 300 shares during the last quarter. James Hambro & Partners boosted its holdings in shares of Praxair by 2.6% in the 2nd quarter. James Hambro & Partners now owns 12,025 shares of the basic materials company’s stock valued at $1,902,000 after acquiring an additional 310 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Praxair by 2.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 14,250 shares of the basic materials company’s stock valued at $2,254,000 after acquiring an additional 323 shares during the last quarter. Catawba Capital Management VA boosted its holdings in Praxair by 3.5% during the second quarter. Catawba Capital Management VA now owns 9,667 shares of the basic materials company’s stock worth $1,529,000 after buying an additional 325 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Praxair by 9.6% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,760 shares of the basic materials company’s stock worth $595,000 after buying an additional 330 shares in the last quarter. 85.66% of the stock is currently owned by institutional investors.

Shares of NYSE PX opened at $156.21 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 1.11. The firm has a market cap of $44.58 billion, a P/E ratio of 26.70, a PEG ratio of 1.99 and a beta of 1.11. Praxair, Inc. has a 1 year low of $129.74 and a 1 year high of $168.54.

Praxair (NYSE:PX) last posted its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.02. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Praxair had a net margin of 11.68% and a return on equity of 27.84%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. research analysts anticipate that Praxair, Inc. will post 6.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Monday, August 6th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Friday, August 3rd. Praxair’s dividend payout ratio is presently 56.41%.

A number of analysts recently issued reports on PX shares. Jefferies Financial Group reissued a “$165.03” rating and set a $194.00 price target on shares of Praxair in a report on Wednesday, July 18th. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $177.00 price target on the stock in a report on Wednesday, June 20th. Citigroup increased their price target on shares of Praxair from $163.00 to $177.00 and gave the stock a “buy” rating in a report on Monday, April 30th. JPMorgan Chase & Co. reissued a “buy” rating and set a $179.00 price target on shares of Praxair in a report on Friday, April 27th. Finally, ValuEngine raised shares of Praxair from a “hold” rating to a “buy” rating in a report on Friday, June 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Praxair has a consensus rating of “Buy” and a consensus target price of $178.42.

Praxair Company Profile

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.

Recommended Story: Diversification in Your Portfolio

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair and related companies with MarketBeat.com's FREE daily email newsletter.