Tide Point Capital Management LP Has Increased Praxair INC (Call) (PX) Holding

October 2, 2018 - By Ruchi Gupta

Praxair, Inc. (NYSE:PX) LogoInvestors sentiment decreased to 0.95 in 2018 Q2. Its down 0.03, from 0.98 in 2018Q1. It is negative, as 44 investors sold PX shares while 307 reduced holdings. 90 funds opened positions while 242 raised stakes. 234.82 million shares or 0.80% more from 232.95 million shares in 2018Q1 were reported. State Street Corp holds 0.17% of its portfolio in Praxair, Inc. (NYSE:PX) for 12.89M shares. Davenport Co Ltd Liability Com has invested 0.01% in Praxair, Inc. (NYSE:PX). United Kingdom-based Pictet Asset Mngmt has invested 0.08% in Praxair, Inc. (NYSE:PX). River Road Asset Management Limited Liability invested in 542,552 shares. Fruth Investment reported 2.37% stake. City invested 0.02% of its portfolio in Praxair, Inc. (NYSE:PX). Meiji Yasuda Life Insur invested in 0.12% or 5,425 shares. Crestwood Advsr Gru Ltd Company accumulated 1,859 shares. Arrow Fin has 0.18% invested in Praxair, Inc. (NYSE:PX) for 4,992 shares. Massachusetts-based Northeast Inv Management has invested 0.02% in Praxair, Inc. (NYSE:PX). Tokio Marine Asset Mngmt Co Ltd owns 7,385 shares or 0.21% of their US portfolio. Foyston Gordon Payne Incorporated holds 0.76% or 26,044 shares. First Trust Advsr Lp accumulated 149,238 shares. Captrust Fincl Advsrs holds 38,016 shares. Impax Asset has 446,081 shares.

Tide Point Capital Management Lp increased its stake in Praxair Inc (Call) (PX) by 48.35% based on its latest 2018Q2 regulatory filing with the SEC. Tide Point Capital Management Lp bought 77,564 shares as the company’s stock declined 2.41% while stock markets rallied. The hedge fund held 238,000 shares of the basic industries company at the end of 2018Q2, valued at $37.64M, up from 160,436 at the end of the previous reported quarter. Tide Point Capital Management Lp who had been investing in Praxair Inc (Call) for a number of months, seems to be bullish on the $48.56 billion market cap company. The stock increased 5.06% or $8.14 during the last trading session, reaching $168.87. About 2.33M shares traded or 60.59% up from the average. Praxair, Inc. (NYSE:PX) has risen 16.15% since October 2, 2017 and is uptrending. It has outperformed by 0.53% the S&P500.

Tide Point Capital Management Lp, which manages about $378.20 million and $850.64 million US Long portfolio, decreased its stake in Centennial Resource Dev Inc by 484,965 shares to 515,035 shares, valued at $9.30M in 2018Q2, according to the filing. It also reduced its holding in General Mtrs Co (NYSE:GM) by 466,012 shares in the quarter, leaving it with 208,878 shares, and cut its stake in General Dynamics Corp (NYSE:GD).

More news for Praxair, Inc. (NYSE:PX) were recently published by: Gurufocus.com, which released: “US Stock Markets Advance Monday” on October 01, 2018. Businesswire.com‘s article titled: “Proposed Business Combination between Praxair, Inc. and Linde AG Receives Antitrust Clearance in China, Satisfying …” and published on October 01, 2018 is yet another important article.

Praxair, Inc. (NYSE:PX) Ratings Coverage

Among 4 analysts covering Praxair (NYSE:PX), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Praxair had 7 analyst reports since April 10, 2018 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Monday, April 30. The firm earned “Overweight” rating on Friday, June 15 by JP Morgan. JP Morgan maintained Praxair, Inc. (NYSE:PX) on Friday, July 27 with “Overweight” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, July 30. Citigroup maintained Praxair, Inc. (NYSE:PX) on Wednesday, July 11 with “Buy” rating. Citigroup maintained Praxair, Inc. (NYSE:PX) rating on Tuesday, April 10. Citigroup has “Buy” rating and $163 target.

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

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