Praxair, Inc. (PX) Position Decreased by Laurel Wealth Advisors Inc.

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Laurel Wealth Advisors Inc. trimmed its stake in Praxair, Inc. (NYSE:PX) by 26.8% during the third quarter, HoldingsChannel reports. The fund owned 3,153 shares of the basic materials company’s stock after selling 1,156 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Praxair were worth $506,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Rational Advisors LLC increased 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 worth $114,000 after buying an additional 565 shares during the period. Hartford Financial Management Inc. increased 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 worth $175,000 after buying an additional 900 shares during the period. Massey Quick Simon & CO. LLC increased 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 worth $178,000 after buying an additional 1,045 shares during the period. Yorktown Management & Research Co Inc bought a new stake in shares of Praxair during the third quarter valued at approximately $201,000. Finally, Harfst & Associates Inc. bought a new stake in shares of Praxair during the third quarter valued at approximately $202,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.

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

Several analysts recently commented on PX shares. Sanford C. Bernstein started coverage on Praxair in a research note on Monday, September 24th. They issued an “underperform” rating and a $132.00 price target on the stock. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research note on Wednesday, September 26th. Finally, BNP Paribas started coverage on Praxair in a research note on Tuesday, October 2nd. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Praxair presently has a consensus rating of “Hold” and an average price target of $175.80.

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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.

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Institutional Ownership by Quarter for Praxair (NYSE:PX)

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