Fifth Third Bancorp decreased its position in Praxair, Inc. (NYSE:PX) by 1.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 202,964 shares of the basic materials company’s stock after selling 3,716 shares during the period. Fifth Third Bancorp’s holdings in Praxair were worth $32,622,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rational Advisors LLC boosted its holdings in shares of Praxair by 389.7% in the third quarter. Rational Advisors LLC now owns 710 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 565 shares during the period. Landaas & Co. WI ADV purchased a new stake in shares of Praxair in the second quarter valued at approximately $147,000. Hartford Financial Management Inc. boosted its holdings in shares of Praxair by 439.0% in the second quarter. Hartford Financial Management Inc. now owns 1,105 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 900 shares during the period. Massey Quick Simon & CO. LLC boosted its holdings in shares of Praxair by 1,259.0% in the second quarter. Massey Quick Simon & CO. LLC now owns 1,128 shares of the basic materials company’s stock valued at $178,000 after purchasing an additional 1,045 shares during the period. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Praxair in the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 86.18% of the company’s stock.
A number of analysts recently issued reports on the company. BNP Paribas assumed coverage on Praxair in a report on Tuesday, October 2nd. They issued a “neutral” rating for the company. Sanford C. Bernstein started coverage on Praxair in a report on Monday, September 24th. They issued an “underperform” rating and a $132.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Praxair from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Praxair currently has an average rating of “Hold” and a consensus price target of $175.82.
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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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