Praxair Inc (NYSE:PX) Institutional Investors 2018 Q2 Sentiment

September 30, 2018 - By Vernon Prom

Praxair, Inc. (NYSE:PX) Logo

Sentiment for Praxair Inc (NYSE:PX)

Praxair Inc (NYSE:PX) institutional sentiment decreased to 0.95 in Q2 2018. Its down -0.03, from 0.98 in 2018Q1. The ratio dropped, as 332 hedge funds increased and started new positions, while 351 sold and reduced stock positions in Praxair Inc. The hedge funds in our partner’s database reported: 234.82 million shares, up from 232.95 million shares in 2018Q1. Also, the number of hedge funds holding Praxair Inc in their top 10 positions increased from 25 to 28 for an increase of 3. Sold All: 44 Reduced: 307 Increased: 242 New Position: 90.

Praxair, Inc. produces and distributes industrial gases. The company has market cap of $46.22 billion. It operates through North America, Europe, South America, Asia, and Surface Technologies divisions. It has a 33.44 P/E ratio. The firm offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

The stock decreased 0.99% or $1.6 during the last trading session, reaching $160.73. About 1.30 million shares traded. Praxair, Inc. (NYSE:PX) has risen 16.15% since September 30, 2017 and is uptrending. It has outperformed by 0.53% the S&P500.

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 $491.75M for 23.50 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.

Dynamo Internacional Gestao De Recursos Ltda. holds 32.73% of its portfolio in Praxair, Inc. for 1.20 million shares. Cincinnati Indemnity Co owns 15,000 shares or 9.7% of their US portfolio. Moreover, Vgi Partners Pty Ltd has 8.11% invested in the company for 466,509 shares. The New York-based Lomas Capital Management Llc has invested 6.86% in the stock. Locust Wood Capital Advisers Llc, a New York-based fund reported 514,143 shares.

Praxair, Inc. (NYSE:PX) Ratings Coverage

Ratings analysis reveals 50% of Praxair’s analysts are positive. Out of 4 Wall Street analysts rating Praxair, 2 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $132 while the high is $189. The stock’s average target of $168.75 is 4.99% above today’s ($160.73) share price. PX was included in 7 notes of analysts from April 10, 2018. Citigroup maintained the stock with “Buy” rating in Tuesday, April 10 report. As per Monday, April 30, the company rating was maintained by Citigroup. On Wednesday, July 11 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, July 30. The firm has “Overweight” rating by JP Morgan given on Friday, June 15. JP Morgan maintained it with “Overweight” rating and $184 target in Friday, July 27 report.

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

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