Oak Ridge Investments LLC Takes $421,000 Position in Praxair, Inc. (PX)

Oak Ridge Investments LLC acquired a new position in shares of Praxair, Inc. (NYSE:PX) during the 3rd quarter, HoldingsChannel reports. The fund acquired 2,617 shares of the basic materials company’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PX. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Praxair by 4.7% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,015,076 shares of the basic materials company’s stock valued at $634,984,000 after purchasing an additional 181,847 shares during the last quarter. Bank of America Corp DE increased its position in shares of Praxair by 12.7% during the 2nd quarter. Bank of America Corp DE now owns 2,864,195 shares of the basic materials company’s stock valued at $452,973,000 after purchasing an additional 321,936 shares during the last quarter. Morgan Stanley increased its position in shares of Praxair by 45.6% during the 2nd quarter. Morgan Stanley now owns 2,198,692 shares of the basic materials company’s stock valued at $347,726,000 after purchasing an additional 688,418 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Praxair by 556.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,676,942 shares of the basic materials company’s stock valued at $265,208,000 after purchasing an additional 1,421,596 shares during the last quarter. Finally, Putnam Investments LLC increased its position in shares of Praxair by 61.1% during the 2nd quarter. Putnam Investments LLC now owns 1,506,298 shares of the basic materials company’s stock valued at $238,221,000 after purchasing an additional 571,306 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on PX shares. Jefferies Financial Group reissued a “$165.03” rating and set a $194.00 target price on shares of Praxair in a research report on Wednesday, July 18th. Zacks Investment Research downgraded Praxair from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. upped their price objective on Praxair from $180.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. BMO Capital Markets upped their price objective on Praxair from $164.00 to $170.00 and gave the company a “market perform” rating in a research report on Monday, July 30th. Finally, Seaport Global Securities reaffirmed a “hold” rating and issued a $175.00 price objective on shares of Praxair in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $175.82.

Shares of Praxair stock opened at $164.50 on Thursday. Praxair, Inc. has a 52 week low of $140.00 and a 52 week high of $169.75.

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About Praxair

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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