Claar Advisors LLC Position in Praxair INC (PX) Has Lowered as Stock Rose

June 17, 2018 - By Darrin Black

Praxair, Inc. (NYSE:PX) LogoInvestors sentiment decreased to 0.98 in Q1 2018. Its down 0.08, from 1.06 in 2017Q4. It is 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. Bartlett Ltd Liability holds 1.17% of its portfolio in Praxair, Inc. (NYSE:PX) for 196,921 shares. Highland Mgmt Limited Partnership owns 36,600 shares or 0.27% of their US portfolio. Cwm Lc has 12 shares for 0% of their portfolio. Aviva Plc has invested 0.3% in Praxair, Inc. (NYSE:PX). Joel Isaacson Company Ltd invested 0.04% in Praxair, Inc. (NYSE:PX). Tci Wealth Advsr reported 0.06% stake. Violich has 0.07% invested in Praxair, Inc. (NYSE:PX) for 1,707 shares. First Financial Bank Of Hutchinson invested in 0.18% or 2,000 shares. Pub Employees Retirement Association Of Colorado invested in 243,976 shares or 0.23% of the stock. Moreover, Virginia Retirement System Et Al has 0.03% invested in Praxair, Inc. (NYSE:PX). Princeton Port Strategies Gru Ltd Liability invested 0.8% in Praxair, Inc. (NYSE:PX). Rand Wealth Ltd Liability Corp reported 2,263 shares. 22,300 are owned by Employees Retirement Sys Of Texas. Roundview Capital holds 0.1% or 2,500 shares. Covington Capital Mgmt holds 0.01% or 1,353 shares in its portfolio.

Gary Claar decreased its stake in Praxair Inc (PX) by 20% based on its latest 2018Q1 regulatory filing with the SEC. Claar Advisors Llc sold 25,000 shares as the company’s stock rose 0.80% while stock markets declined. The hedge fund run by Gary Claar held 100,000 shares of the basic industries company at the end of 2018Q1, valued at $14.43 million, down from 125,000 at the end of the previous reported quarter. Claar Advisors Llc who had been investing in Praxair Inc for a number of months, seems to be less bullish one the $46.05 billion market cap company. The stock decreased 0.80% or $1.29 during the last trading session, reaching $160.26. About 2.86 million shares traded or 117.49% up from the average. Praxair, Inc. (NYSE:PX) has risen 19.06% since June 17, 2017 and is uptrending. It has outperformed by 6.49% the S&P500.

Claar Advisors Llc, which manages about $367.72 million and $279.90 million US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 81,530 shares to 83,480 shares, valued at $12.13 million in 2018Q1, according to the filing.

Analysts await Praxair, Inc. (NYSE:PX) to report earnings on July, 26. They expect $1.70 earnings per share, up 16.44 % or $0.24 from last year’s $1.46 per share. PX’s profit will be $488.53M for 23.57 P/E if the $1.70 EPS becomes a reality. After $1.65 actual earnings per share reported by Praxair, Inc. for the previous quarter, Wall Street now forecasts 3.03 % EPS growth.

Another recent and important Praxair, Inc. (NYSE:PX) news was published by Seekingalpha.com which published an article titled: “Reuters: Linde-Praxair merger narrows in favor of strategic bidders” on June 08, 2018.

Praxair, Inc. (NYSE:PX) Ratings Coverage

Among 9 analysts covering Praxair (NYSE:PX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Praxair has $208.0 highest and $155.0 lowest target. $177.71’s average target is 10.89% above currents $160.26 stock price. Praxair had 13 analyst reports since December 19, 2017 according to SRatingsIntel. The rating was upgraded by Deutsche Bank on Tuesday, December 19 to “Buy”. The company was maintained on Tuesday, April 10 by Citigroup. The stock has “Buy” rating by SunTrust on Thursday, January 25. JP Morgan maintained the stock with “Overweight” rating in Friday, June 15 report. Seaport Global maintained it with “Hold” rating and $155.0 target in Wednesday, January 17 report. BMO Capital Markets initiated Praxair, Inc. (NYSE:PX) rating on Tuesday, March 27. BMO Capital Markets has “Hold” rating and $15900 target. Seaport Global maintained the stock with “Hold” rating in Wednesday, January 31 report. SunTrust maintained Praxair, Inc. (NYSE:PX) on Tuesday, December 19 with “Buy” rating. The rating was downgraded by Raymond James to “Outperform” on Tuesday, January 23. The rating was maintained by Citigroup on Monday, April 30 with “Buy”.

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

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