Front Barnett Associates LLC Buys 891 Shares of Praxair, Inc. (PX)

Front Barnett Associates LLC grew its stake in Praxair, Inc. (NYSE:PX) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,813 shares of the basic materials company’s stock after buying an additional 891 shares during the period. Front Barnett Associates LLC’s holdings in Praxair were worth $8,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board grew its stake in Praxair by 556.7% during the second quarter. Canada Pension Plan Investment Board now owns 1,676,942 shares of the basic materials company’s stock worth $265,208,000 after purchasing an additional 1,421,596 shares during the period. Winslow Capital Management LLC acquired a new stake in Praxair during the second quarter worth approximately $152,375,000. Morgan Stanley grew its stake in Praxair by 45.6% during the second quarter. Morgan Stanley now owns 2,198,692 shares of the basic materials company’s stock worth $347,726,000 after purchasing an additional 688,418 shares during the period. Putnam Investments LLC grew its stake in Praxair by 61.1% during the second quarter. Putnam Investments LLC now owns 1,506,298 shares of the basic materials company’s stock worth $238,221,000 after purchasing an additional 571,306 shares during the period. Finally, Bank of America Corp DE grew its stake in Praxair by 12.7% during the second quarter. Bank of America Corp DE now owns 2,864,195 shares of the basic materials company’s stock worth $452,973,000 after purchasing an additional 321,936 shares during the period. 86.18% of the stock is owned by institutional investors.

Several equities research analysts recently commented on PX shares. Seaport Global Securities reaffirmed a “hold” rating and set a $175.00 target price on shares of Praxair in a research note on Tuesday, August 7th. Jefferies Financial Group reaffirmed a “$165.03” rating and set a $194.00 target price on shares of Praxair in a research note on Wednesday, July 18th. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research note on Wednesday, September 26th. JPMorgan Chase & Co. raised their target price on Praxair from $180.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $164.00 target price on shares of Praxair in a research note on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $175.42.

Shares of NYSE:PX opened at $164.50 on Friday. Praxair, Inc. has a 52-week low of $140.00 and a 52-week high of $169.75.

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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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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