Praxair (PX) Shareholder Connors Investor Services INC Has Increased Holding

July 13, 2018 - By Patrick Harkless

Praxair, Inc. (NYSE:PX) LogoInvestors sentiment decreased to 0.98 in Q1 2018. Its down 0.08, from 1.06 in 2017Q4. It turned negative, as 57 investors sold PX shares while 300 reduced holdings. 93 funds opened positions while 257 raised stakes. 232.95 million shares or 0.44% less from 233.99 million shares in 2017Q4 were reported. Calamos Advsr Ltd Llc has 0.04% invested in Praxair, Inc. (NYSE:PX). Peddock Capital Advsr Limited Liability Company stated it has 0.16% in Praxair, Inc. (NYSE:PX). Westwood Mgmt Corporation Il has invested 1.65% in Praxair, Inc. (NYSE:PX). Dynamic Capital Management Limited accumulated 0.97% or 2,717 shares. Telemus Capital Limited Liability Company owns 5,296 shares. Highland Capital Mgmt LP reported 36,600 shares stake. 24,921 were accumulated by Gofen & Glossberg Limited Liability Com Il. Moreover, First Allied Advisory Service has 0.02% invested in Praxair, Inc. (NYSE:PX) for 2,831 shares. Axa reported 183,394 shares. Connecticut-based Massmutual Tru Fsb Adv has invested 0% in Praxair, Inc. (NYSE:PX). United Svcs Automobile Association reported 0.05% of its portfolio in Praxair, Inc. (NYSE:PX). Schwab Charles Mngmt has 1.09M shares. The Pennsylvania-based Beach Invest Counsel Pa has invested 0.62% in Praxair, Inc. (NYSE:PX). Levin Capital Strategies Limited Partnership has invested 0% in Praxair, Inc. (NYSE:PX). Financial Bank Of Nova Scotia holds 0.08% of its portfolio in Praxair, Inc. (NYSE:PX) for 103,838 shares.

Connors Investor Services Inc increased its stake in Praxair (PX) by 79.22% based on its latest 2018Q1 regulatory filing with the SEC. Connors Investor Services Inc bought 26,335 shares as the company’s stock rose 0.80% while stock markets declined. The institutional investor held 59,578 shares of the basic industries company at the end of 2018Q1, valued at $8.60 million, up from 33,243 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Praxair for a number of months, seems to be bullish on the $47.93B market cap company. The stock increased 0.55% or $0.91 during the last trading session, reaching $166.8. About 1.50 million shares traded or 12.71% up from the average. Praxair, Inc. (NYSE:PX) has risen 19.06% since July 13, 2017 and is uptrending. It has outperformed by 6.49% the S&P500.

Connors Investor Services Inc, which manages about $522.13 million and $681.17 million US Long portfolio, decreased its stake in Costco Wholesale (NASDAQ:COST) by 32,425 shares to 30,425 shares, valued at $5.73 million in 2018Q1, according to the filing.

Praxair, Inc. (NYSE:PX) Ratings Coverage

Among 8 analysts covering Praxair (NYSE:PX), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Praxair had 12 analyst reports since January 17, 2018 according to SRatingsIntel. The stock has “Hold” rating by BMO Capital Markets on Tuesday, March 27. The rating was downgraded by Raymond James on Tuesday, January 23 to “Outperform”. Citigroup maintained Praxair, Inc. (NYSE:PX) on Monday, April 30 with “Buy” rating. Susquehanna maintained the shares of PX in report on Wednesday, January 31 with “Buy” rating. The firm has “Overweight” rating given on Friday, June 15 by JP Morgan. Seaport Global maintained Praxair, Inc. (NYSE:PX) rating on Wednesday, January 31. Seaport Global has “Hold” rating and $165.0 target. The firm has “Hold” rating given on Wednesday, January 17 by Seaport Global. SunTrust maintained Praxair, Inc. (NYSE:PX) on Thursday, January 25 with “Buy” rating. The rating was maintained by Citigroup with “Buy” on Tuesday, April 10. The company was maintained on Wednesday, July 11 by Citigroup.

Praxair, Inc. (NYSE:PX) Institutional Positions Chart

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