Gagnon Securities Raised Johnson & Johnson (JNJ) Holding by $310,912; Market Valuation Declined; Dynamic Capital Management LTD Has Decreased Praxair (PX) Stake by $785,520; Share Value Rose

August 10, 2018 - By William Brooks

Praxair, Inc. (NYSE:PX) Logo

Gagnon Securities Llc increased its stake in Johnson & Johnson (JNJ) by 86.1% based on its latest 2018Q1 regulatory filing with the SEC. Gagnon Securities Llc bought 2,429 shares as the company’s stock declined 8.03% with the market. The institutional investor held 5,250 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $673,000, up from 2,821 at the end of the previous reported quarter. Gagnon Securities Llc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $352.90 billion market cap company. The stock increased 0.26% or $0.3453 during the last trading session, reaching $131.5453. About 231,286 shares traded. Johnson & Johnson (NYSE:JNJ) has declined 4.75% since August 10, 2017 and is downtrending. It has underperformed by 17.32% the S&P500. Some Historical JNJ News: 28/05/2018 – Johnson & Johnson Gets Different Verdicts in Baby Powder Cases; 09/05/2018 – @JayJints So incredibly kind JJ. Thanks very much; 22/03/2018 – NJ Biz: EXCLUSIVE: J&J in talks to build incubator in new innovation hub; 16/04/2018 – JANSSEN ANNOUNCES WORLDWIDE DEVELOPMENT & COMMERCIALIZATION COLLABORATION WITH BRISTOL-MYERS TO ADVANCE THERAPY FOR CARDIOVASCULAR DISEASES; 16/05/2018 – Since 2011, Johnson & Johnson’s sales have declined 20%. So, the 124-year-old brand is relaunching its baby-care products with more natural ingredients to appeal to health-conscious millennial moms; 30/05/2018 – JANSSEN – PHASE 1B/2, OPEN-LABEL, STUDY WILL EVALUATE SAFETY AND EFFICACY OF JNJ-68284528 IN ADULTS WITH RELAPSED/REFRACTORY MULTIPLE MYELOMA; 07/03/2018 – ADVISORY: JJ RUEST, CN INTERIM PRESIDENT, CEO, TO ADDRESS J.P; 17/04/2018 – Johnson & Johnson tops earnings, revenue expectations; 26/04/2018 – V-WAVE LTD – CO’S EXISTING INVESTORS, JOHNSON & JOHNSON INNOVATION (JJDC INC.) ,EDWARDS LIFESCIENCES ALSO PARTICIPATED IN FUNDING ROUND; 13/03/2018 – The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Johnson & Johnson Shareholders and a Lead Plaintiff

Dynamic Capital Management Ltd decreased its stake in Praxair Inc (PX) by 66.75% based on its latest 2018Q1 regulatory filing with the SEC. Dynamic Capital Management Ltd sold 5,455 shares as the company’s stock rose 0.80% while stock markets declined. The hedge fund held 2,717 shares of the basic industries company at the end of 2018Q1, valued at $392,000, down from 8,172 at the end of the previous reported quarter. Dynamic Capital Management Ltd who had been investing in Praxair Inc for a number of months, seems to be less bullish one the $44.41 billion market cap company. The stock decreased 1.74% or $2.74 during the last trading session, reaching $154.41. About 50,789 shares traded. Praxair, Inc. (NYSE:PX) has risen 19.06% since August 10, 2017 and is uptrending. It has outperformed by 6.49% the S&P500. Some Historical PX News: 10/04/2018 – It’s a Gas! Praxair, Air Products Lead in Top U.S. Gas Plant Kickoffs of 2018, an Industrial Info News Alert; 27/04/2018 – LINDE PLC SAYS PROPOSED BUSINESS COMBINATION BETWEEN PRAXAIR INC AND LINDE AG IS EXPECTED TO BE COMPLETED IN H2 2018; 08/03/2018 – LINDE LING.DE CEO SAYS HAVE NOT YET AGREED WITH REGULATORS ON EXACT SHAPE OF DIVESTITURE PORTFOLIO; 20/04/2018 – PRAXAIR INC – SIGNED A LONG-TERM AGREEMENT TO SUPPLY INDUSTRIAL GASES TO SAMSUNG ELECTRO-MECHANICS; 04/05/2018 – LINDE PLC SAYS BUSINESS COMBINATION WITH PRAXAIR IS EXPECTED TO BE COMPLETED IN H2; 26/04/2018 – PRAXAIR INC – STABLE BACKLOG OF $1.5 BLN AT QTR-END; 20/03/2018 – EU antitrust regulators to decide by Aug. 9 on Linde, Praxair tie-up; 12/04/2018 – CVC, MESSER, CARLYLE, ONEX, BLACKSTONE, TAIYO NIPPON SANSO CHOSEN FOR SECOND ROUND OF BIDS FOR LINDE, PRAXAIR DIVESTITURES; 08/03/2018 – Yahoo! UK: Linde, Praxair expect bids for planned divestitures this month; 29/03/2018 – LINDE, PRAXAIR SAID TO FACE ROUGH RIDE IN EU MERGER REVIEW

Among 24 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 9 Hold. Therefore 50% are positive. Praxair had 58 analyst reports since August 12, 2015 according to SRatingsIntel. Citigroup maintained the shares of PX in report on Monday, April 18 with “Neutral” rating. As per Friday, October 27, the company rating was maintained by UBS. Raymond James downgraded the shares of PX in report on Tuesday, January 23 to “Outperform” rating. The company was maintained on Wednesday, July 11 by Citigroup. SunTrust maintained it with “Buy” rating and $162.0 target in Thursday, October 26 report. The stock of Praxair, Inc. (NYSE:PX) has “Equal-Weight” rating given on Tuesday, September 13 by Morgan Stanley. The company was upgraded on Friday, January 27 by JP Morgan. The rating was downgraded by Deutsche Bank to “Hold” on Monday, April 4. The firm earned “Outperform” rating on Tuesday, August 2 by CLSA. The rating was maintained by Seaport Global on Wednesday, January 31 with “Hold”.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.08, from 1.06 in 2017Q4. It dropped, 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. Levin Strategies LP has 1,766 shares for 0% of their portfolio. 216,756 are owned by Strs Ohio. Cap Guardian has invested 0.35% of its portfolio in Praxair, Inc. (NYSE:PX). Jnba Financial Advsrs stated it has 0% in Praxair, Inc. (NYSE:PX). Sg Americas Limited Liability accumulated 20,321 shares or 0.02% of the stock. Paradigm Asset Mgmt Lc owns 0% invested in Praxair, Inc. (NYSE:PX) for 11,510 shares. Proshare Advsr Limited Company accumulated 517,209 shares or 0.49% of the stock. Riggs Asset Managment reported 0.02% in Praxair, Inc. (NYSE:PX). Magnetar Ltd Liability Company reported 17,191 shares or 0.06% of all its holdings. Hikari Power Limited owns 151,740 shares. Catawba Cap Va holds 0.32% in Praxair, Inc. (NYSE:PX) or 9,342 shares. Carroll Fin Assoc Inc holds 915 shares or 0.01% of its portfolio. Maple Capital Management reported 1,515 shares. Hbk LP holds 0.01% or 7,100 shares in its portfolio. Tci Wealth Advsr Incorporated holds 0.06% or 913 shares.

More news for Praxair, Inc. (NYSE:PX) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within ON Semiconductor, Old Second, Legg Mason …” on August 08, 2018. Streetinsider.com‘s article titled: “Pre-Open Movers 08/06: (SEAS) (VTL) (CTWS) Higher; (OVID) (BID) (PX) Lower (more…)” and published on August 06, 2018 is yet another important article.

Analysts await Praxair, Inc. (NYSE:PX) to report earnings on October, 25. They expect $1.71 earnings per share, up 14.00% or $0.21 from last year’s $1.5 per share. PX’s profit will be $491.76M for 22.57 P/E if the $1.71 EPS becomes a reality. After $1.72 actual earnings per share reported by Praxair, Inc. for the previous quarter, Wall Street now forecasts -0.58% negative EPS growth.

Among 24 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 4 Sell and 9 Hold. Therefore 46% are positive. Johnson & Johnson had 104 analyst reports since August 7, 2015 according to SRatingsIntel. As per Wednesday, October 11, the company rating was upgraded by Jefferies. Stifel Nicolaus maintained the shares of JNJ in report on Tuesday, July 18 with “Hold” rating. Jefferies maintained Johnson & Johnson (NYSE:JNJ) on Thursday, August 4 with “Hold” rating. The stock has “Hold” rating by Jefferies on Tuesday, August 15. The rating was maintained by Jefferies on Thursday, July 14 with “Hold”. As per Wednesday, April 20, the company rating was maintained by Argus Research. The rating was downgraded by Goldman Sachs on Wednesday, September 20 to “Sell”. On Tuesday, June 12 the stock rating was maintained by Credit Suisse with “Buy”. The firm has “Equal-Weight” rating given on Tuesday, April 10 by Morgan Stanley. The firm has “Buy” rating by Argus Research given on Wednesday, October 18.

Investors sentiment increased to 0.93 in 2018 Q1. Its up 0.06, from 0.87 in 2017Q4. It is positive, as 63 investors sold JNJ shares while 831 reduced holdings. 111 funds opened positions while 720 raised stakes. 1.71 billion shares or 0.80% less from 1.72 billion shares in 2017Q4 were reported. Commercial Bank Of New York Mellon stated it has 1.18% in Johnson & Johnson (NYSE:JNJ). Green Square Cap Limited Liability Company, Tennessee-based fund reported 50,893 shares. Adirondack Trust has 30,130 shares for 2.71% of their portfolio. Lipe Dalton has invested 0.27% of its portfolio in Johnson & Johnson (NYSE:JNJ). Country Bancorp holds 1.5% or 245,902 shares. New York-based King Wealth has invested 0.67% in Johnson & Johnson (NYSE:JNJ). California-based Personal Capital Advsrs has invested 0.44% in Johnson & Johnson (NYSE:JNJ). Argi Investment Ser Lc, a Kentucky-based fund reported 12,692 shares. Bancorporation Pictet Cie (Asia) holds 77,500 shares or 4.7% of its portfolio. Webster Fincl Bank N A holds 76,653 shares or 1.42% of its portfolio. Garde Capital Inc invested in 0.16% or 6,853 shares. Coho Prns Limited holds 3.22% or 956,044 shares in its portfolio. Nuwave Inv Mngmt Ltd Liability Corp reported 0.9% in Johnson & Johnson (NYSE:JNJ). Sigma Inv Counselors, a Michigan-based fund reported 8,530 shares. Aperio Grp Inc Llc reported 2.22 million shares stake.

Gagnon Securities Llc, which manages about $353.18 million and $280.91M US Long portfolio, decreased its stake in Talend Sa by 11,407 shares to 178,321 shares, valued at $8.58 million in 2018Q1, according to the filing. It also reduced its holding in Wpx Energy Inc (NYSE:WPX) by 55,313 shares in the quarter, leaving it with 732,632 shares, and cut its stake in Ameresco Inc (NYSE:AMRC).

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

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