Independent Advisor Alliance Purchases 338 Shares of Praxair, Inc. (PX)

Independent Advisor Alliance raised its position in Praxair, Inc. (NYSE:PX) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,373 shares of the basic materials company’s stock after buying an additional 338 shares during the period. Independent Advisor Alliance’s holdings in Praxair were worth $2,084,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kaizen Advisory LLC boosted its position in Praxair by 140.9% in the 2nd quarter. Kaizen Advisory LLC now owns 677 shares of the basic materials company’s stock valued at $107,000 after buying an additional 396 shares during the last quarter. Rational Advisors LLC boosted its position in Praxair by 389.7% in the 3rd quarter. Rational Advisors LLC now owns 710 shares of the basic materials company’s stock valued at $114,000 after buying an additional 565 shares during the last quarter. Landaas & Co. WI ADV bought a new position in Praxair in the 2nd quarter valued at $147,000. Hartford Financial Management Inc. boosted its position in Praxair by 439.0% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,105 shares of the basic materials company’s stock valued at $175,000 after buying an additional 900 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC boosted its position in Praxair by 1,259.0% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 1,128 shares of the basic materials company’s stock valued at $178,000 after buying an additional 1,045 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

NYSE:PX opened at $164.50 on Monday. Praxair, Inc. has a 12-month low of $140.00 and a 12-month high of $169.75.

PX has been the topic of several recent research reports. Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Wednesday, September 26th. Seaport Global Securities restated a “hold” rating and issued a $175.00 price target on shares of Praxair in a research report on Tuesday, August 7th. BMO Capital Markets raised their price target on Praxair from $164.00 to $170.00 and gave the stock a “market perform” rating in a research report on Monday, July 30th. BNP Paribas initiated coverage on Praxair in a research report on Tuesday, October 2nd. They issued a “neutral” rating on the stock. Finally, Sanford C. Bernstein initiated coverage on Praxair in a research report on Monday, September 24th. They issued an “underperform” rating and a $132.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Praxair has an average rating of “Hold” and an average price target of $175.82.

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Praxair 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.

Further Reading: Earnings Reports

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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