Soroban Capital Partners LP Stake in Praxair INC (Call) (PX) Decreased by $462.00 Million

May 3, 2018 - By Ronnie Lemelle

Praxair, Inc. (NYSE:PX) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 1.06. That’s change of 0.02, from 2017Q3’s 1.08. 42 investors sold all, 295 reduced holdings as PX ratio dived. 254 grew holdings while 104 funds bought holdings. Funds hold 233.99 million shares thus 0.58% less from 2017Q3’s 235.36 million shares. Australia-based Amp Cap Invsts Ltd has invested 0.07% in Praxair, Inc. (NYSE:PX). Beech Hill holds 1,500 shs or 0.11% of its capital. Hanson Mcclain Incorporated, California-based fund reported 200 shs. Tci Wealth Advsrs Inc accumulated 0.06% or 913 shs. Amalgamated National Bank holds 37,536 shs or 0.16% of its capital. First Utd Bancorporation Tru stated it has 5,645 shs or 0.57% of all its holdings. Ww Investors invested 0.62% of its capital in Praxair, Inc. (NYSE:PX). Viking Fund Lc holds 2,200 shs or 0.06% of its capital. 13,340 are owned by Natixis Asset. Moneta Group Inc Incorporated Inv Advsr Ltd Company stated it has 0.01% of its capital in Praxair, Inc. (NYSE:PX). Tradition Cap Mngmt Lc owns 0.49% invested in Praxair, Inc. (NYSE:PX) for 11,687 shs. Cornerstone Mgmt Ltd Llc reported 0.07% stake. Zwj Invest Counsel owns 1,621 shs. Essex Finance Svcs, a Connecticut-based fund reported 2,537 shs. Jones Fincl Cos Lllp has invested 0.02% in Praxair, Inc. (NYSE:PX).

In 2017Q4 Securities and Exchange form is reported Eric W. Mandelblatt’s stake in Praxair Inc (Call) (PX) which was decreased by 27.91%. 3.00 million shares were sold by Soroban Capital Partners Lp as the company’s stock declined 6.32% with the market. The basic industries company reported $1.20B value for the 2017Q4. Now the hedge fund run by Eric W. Mandelblatt is holding 7.75 million shares, compared to the 10.75 million from the previous quarter. Praxair Inc (Call) has $43.56B MC. Ticker’s shares touched $151.59 during the last trading session after 0.23% change.Currently Praxair, Inc. is uptrending after 22.24% change in last May 3, 2017. PX has 174,929 shares volume. The stock outperformed the S&P 500 by 10.69%.

Soroban Capital Partners Lp upped its stake in Broadcom Ltd by 562,646 shares to 4.16M shares, valued at $1.07B in 2017Q4, according to the filing. It operates about $10.82B and $24.21 billion US Long portfolio. For a total of 784,390 shares it increased its holding in Alphabet Inc by 184,390 shares in the quarter, and has risen its stake in Comcast Corp New (Call) (NASDAQ:CMCSA).

Praxair, Inc. (NYSE:PX) Ratings Coverage

In total 9 analysts cover Praxair (NYSE:PX). “Buy” rating has 6, “Sell” are 0, while 3 are “Hold”. (NYSE:PX) has 67% bullish analysts. With $208.0 highest and $155.0 lowest target price, Praxair has $177.33 average target price or 16.98% above the current ($151.59) price. 14 are the (NYSE:PX)’s ratings reports on May 3, 2018 according to StockzIntelligence Inc. The company rating was upgraded by Argus Research on Monday, November 13. On Wednesday, January 17 the firm has “Hold” rating given by Seaport Global. On Tuesday, December 19 the firm has “Buy” rating given by SunTrust. The company rating was maintained by SunTrust on Thursday, January 25. On Wednesday, January 31 the firm earned “Hold” rating by Seaport Global. On Tuesday, April 10 Citigroup maintained Praxair, Inc. (NYSE:PX) rating. Citigroup has “Buy” rating and $163 target. On Tuesday, November 7 Susquehanna maintained Praxair, Inc. (NYSE:PX) rating. Susquehanna has “Buy” rating and $175.0 target. On Monday, April 30 Citigroup maintained Praxair, Inc. (NYSE:PX) with “Buy” rating. On Tuesday, December 19 the firm earned “Buy” rating by Deutsche Bank. On Tuesday, March 27 the stock of Praxair, Inc. (NYSE:PX) has “Hold” rating given by BMO Capital Markets.

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

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