NEW YORK (

TheStreet

) --

Praxair

(NYSE:

PX

) hit a new 52-week high Monday as it traded at $99.23 compared with its previous 52-Week high of $99.15. Praxair is changing hands at $99.18 with 160,599 shares traded as of 10:27 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Praxair has a market cap of $29.6 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 3% year to date as of the close of trading on Friday.

Praxair, Inc. engages in the production and distribution of industrial gases primarily in North America, South America, Europe, and Asia. The company has a P/E ratio of 25.4, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Praxair Ratings Report

.

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52-week high stocks

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