Eaton Vance Management Lifted Alibaba Group Hldg LTD (BABA) Holding; Manufacturers Life Insurance Company The Has Decreased By $8.61 Million Its Praxair (PX) Position

June 24, 2018 - By Richard Conner

Praxair, Inc. (NYSE:PX) Logo

Manufacturers Life Insurance Company The decreased Praxair Inc (PX) stake by 11.68% reported in 2018Q1 SEC filing. Manufacturers Life Insurance Company The sold 59,808 shares as Praxair Inc (PX)’s stock rose 0.80%. The Manufacturers Life Insurance Company The holds 452,168 shares with $65.25 million value, down from 511,976 last quarter. Praxair Inc now has $45.45 billion valuation. The stock increased 1.46% or $2.27 during the last trading session, reaching $158.14. About 1.38M shares traded or 4.39% up from the average. Praxair, Inc. (NYSE:PX) has risen 19.06% since June 24, 2017 and is uptrending. It has outperformed by 6.49% the S&P500. Some Historical PX News: 25/04/2018 – DGAP-ADHOC: LINDE AG: LINDE PLC, LINDE AND PRAXAIR INTEND CASH MERGER SQUEEZE OUT FOR LINDE AG AFTER COMPLETION OF BUSINESS COMBINATION; 15/03/2018 – LINDE AG LING.DE SAYS MERGER PARTNERS CONTINUE TO WORK ON COMPLETING BUSINESS COMBINATION AS PLANNED IN SECOND HALF OF 2018; 24/04/2018 – PRAXAIR INC – FIRST OF PRAXAIR’S NEW PLANTS IN SOUTH KOREA WILL START UP IN 2019; 12/04/2018 – CVC, CARLYLE, ONEX,BLACKSTONE BID FOR LINDE/PRAXAIR ASSETS:RTRS; 30/04/2018 – Fidelity Growth Adds G1 Therapeutics Inc., Exits Praxair; 12/04/2018 – LINDE, PRAXAIR HAVE BIDDERS FOR MERGER CLEARANCE SALE: RTRS; 09/04/2018 – Linde/Praxair EC remedies scope still under discussion – sources [14:34 BST09 Apr 2018] [Proprietary] []; 25/04/2018 – Linde and Praxair Intend Cash Merger Squeeze Out After Merger; 08/03/2018 – Linde, Praxair expect bids for planned divestitures this month; 04/05/2018 – Waiting Period for Proposed Business Combination between Praxair, Inc. and Linde AG Under the Competition Act (Canada) Expired, Satisfying a Closing Condition

Eaton Vance Management increased Alibaba Group Hldg Ltd (BABA) stake by 1.43% reported in 2018Q1 SEC filing. Eaton Vance Management acquired 4,250 shares as Alibaba Group Hldg Ltd (BABA)’s stock rose 2.58%. The Eaton Vance Management holds 301,546 shares with $54.14 million value, up from 297,296 last quarter. Alibaba Group Hldg Ltd now has $519.06B valuation. The stock decreased 0.10% or $0.2 during the last trading session, reaching $202.01. About 9.62 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 61.13% since June 24, 2017 and is uptrending. It has outperformed by 48.56% the S&P500. Some Historical BABA News: 29/03/2018 – ALIBABA HEALTH INFORMATION TECHNOLOGY LTD 0241.HK – SHEN DIFAN APPOINTED CHIEF EXECUTIVE OFFICER; 23/05/2018 – The 2 biggest things Silicon Valley misunderstands about China, according to a top Alibaba exec; 29/05/2018 – Alibaba Leads a $1.38 Billion Investment in Delivery Giant ZTO; 08/05/2018 – Alibaba Buys Rocket Internet-Incubated Daraz; 15/05/2018 – RONGYU GROUP 002622.SZ SAYS IT SIGNS FRAMEWORK AGREEMENT WITH ALIBABA’S BABA.N TECHNOLOGY AFFILIATE ON AREAS INCLUDING E-COMMERCE SOLUTIONS; 10/04/2018 – Jack Ma’s Ant Financial To Raise $9 Bln and Become the World’s Biggest Unicorn; 11/03/2018 – Alibaba and Tencent court corporate clients in cloud push; 15/03/2018 – JAKARTA — Alibaba Group Holding is expanding its cloud computing business in Asia’s emerging economies by building local data centers, aiming to outpace U.S. rivals like Amazon in the race to capture the region’s fast-growing technology market; 22/05/2018 – Alibaba’s ‘great import center’ to target Japanese goods; 17/04/2018 – ADDING and REPLACING Alibaba-Backed Prenetics Acquires UK-Based DNAFit, a Global Leader in Consumer Genetic Testing

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 $488.53 million for 23.26 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.

Manufacturers Life Insurance Company The increased Littelfuse Inc (NASDAQ:LFUS) stake by 2,944 shares to 57,001 valued at $11.87M in 2018Q1. It also upped Aercap Holdings Nv (NYSE:AER) stake by 11,608 shares and now owns 74,074 shares. J2 Global Inc (NASDAQ:JCOM) was raised too.

Investors sentiment decreased to 0.98 in 2018 Q1. 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. Diamond Hill Incorporated holds 1.06M shares. Neville Rodie And Shaw reported 9,159 shares or 0.15% of all its holdings. Moreover, Autus Asset Mgmt Llc has 1% invested in Praxair, Inc. (NYSE:PX). Field & Main Savings Bank owns 3,655 shares or 0.52% of their US portfolio. Kentucky Retirement Sys accumulated 0.18% or 14,985 shares. Locust Wood Capital Advisers Lc invested 7.81% of its portfolio in Praxair, Inc. (NYSE:PX). Nichols Pratt Advisers Ltd Liability Partnership Ma owns 148,355 shares for 1.95% of their portfolio. Horizon Kinetics Ltd has invested 0.01% in Praxair, Inc. (NYSE:PX). Jfs Wealth Limited Liability has invested 0% in Praxair, Inc. (NYSE:PX). Huntington Commercial Bank reported 0.35% of its portfolio in Praxair, Inc. (NYSE:PX). Korea Invest holds 0.06% or 85,924 shares. Hl Finance Serv Ltd holds 0.01% in Praxair, Inc. (NYSE:PX) or 3,056 shares. Captrust Finance Advsr invested in 38,375 shares or 0.34% of the stock. Fort Washington Advisors Inc Oh reported 152,000 shares or 0.23% of all its holdings. Indiana And Invest Mngmt Co has 1,741 shares.

More news for Praxair, Inc. (NYSE:PX) were recently published by: Seekingalpha.com, which released: “CenturyLink’s Yield Is A Red Flag – Cramer’s Lightning Round (6/18/18)” on June 19, 2018. Businesswire.com‘s article titled: “Proposed Business Combination Between Praxair, Inc. and Linde AG Receives Unconditional Antitrust Clearance in …” and published on June 22, 2018 is yet another important article.

Among 24 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 9 Hold. Therefore 50% are positive. Praxair had 55 analyst reports since August 12, 2015 according to SRatingsIntel. Credit Suisse reinitiated the shares of PX in report on Thursday, March 24 with “Neutral” rating. The rating was upgraded by Bank of America to “Neutral” on Saturday, January 7. On Wednesday, January 17 the stock rating was maintained by Seaport Global with “Hold”. The stock has “Buy” rating by Susquehanna on Wednesday, January 31. The firm earned “Buy” rating on Tuesday, December 19 by Deutsche Bank. The firm has “Outperform” rating by Raymond James given on Tuesday, January 23. On Friday, August 28 the stock rating was upgraded by Zacks to “Sell”. The rating was upgraded by Argus Research to “Buy” on Monday, November 13. The company was upgraded on Thursday, September 7 by Susquehanna. The firm has “Neutral” rating given on Wednesday, November 18 by UBS.

Eaton Vance Management decreased Bristol Myers Squibb Co (NYSE:BMY) stake by 66,643 shares to 2.99 million valued at $188.84 million in 2018Q1. It also reduced Pacira Pharmaceuticals Inc (NASDAQ:PCRX) stake by 69,583 shares and now owns 135,553 shares. Credit Suisse Group (NYSE:CS) was reduced too.

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 183 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, October 28 with “Outperform”. China Renaissance Securities (US) Inc. maintained it with “Buy” rating and $230.0 target in Thursday, January 25 report. The rating was maintained by Jefferies with “Buy” on Tuesday, June 6. The rating was maintained by Nomura with “Buy” on Wednesday, August 12. The rating was maintained by Wells Fargo on Thursday, June 14 with “Outperform”. On Monday, May 7 the stock rating was maintained by Stifel Nicolaus with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $89 target in Friday, January 29 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Friday, August 12 by Goldman Sachs. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Overweight” rating given on Wednesday, October 28 by Morgan Stanley. As per Wednesday, August 12, the company rating was maintained by Cantor Fitzgerald.

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

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