Vgi Partners Pty LTD Has Upped Its Praxair (PX) Position by $2.78 Million; Intuit (INTU) Shareholder Earnest Partners Decreased Its Stake by $5.54 Million as Stock Value Rose

June 17, 2018 - By Peter Erickson

Intuit Inc. (NASDAQ:INTU) Logo

Vgi Partners Pty Ltd increased its stake in Praxair Inc (PX) by 4.92% based on its latest 2018Q1 regulatory filing with the SEC. Vgi Partners Pty Ltd bought 19,275 shares as the company’s stock rose 0.80% while stock markets declined. The institutional investor held 411,105 shares of the basic industries company at the end of 2018Q1, valued at $59.32 million, up from 391,830 at the end of the previous reported quarter. Vgi Partners Pty Ltd who had been investing in Praxair Inc for a number of months, seems to be bullish on 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. Some Historical PX News: 12/04/2018 – Linde, Praxair chose bidders for antitrust sell-off; 24/04/2018 – PRAXAIR SIGNS LONG-TERM PACT WITH SAMSUNG TO SUPPLY WORLD-SCALE; 26/04/2018 – Praxair 1Q EPS $1.59; 04/05/2018 – LINDE PLC SAYS BUSINESS COMBINATION WITH PRAXAIR IS EXPECTED TO BE COMPLETED IN H2; 14/05/2018 – Fidelity Management Adds Aptiv, Exits Praxair, Cuts Apple: 13F; 20/04/2018 – PRAXAIR INC – SIGNED A LONG-TERM AGREEMENT TO SUPPLY INDUSTRIAL GASES TO SAMSUNG ELECTRO-MECHANICS; 29/05/2018 – Praxair Recognized for Diversity & Inclusion Performance by Diversitylnc for Third Consecutive Year; 20/03/2018 – EU ANTITRUST REGULATORS SET AUG 9 DEADLINE FOR DECISION ON LINDE, PRAXAIR MERGER AFTER LIFTING SUSPENSION OF PROCEEDINGS; 04/05/2018 – LINDE: PRAXAIR REGULATORY CONDITIONS IN CANADA SATISFIED; 24/04/2018 – PRAXAIR INC – CO WILL BUILD PLANTS THAT WILL SUPPLY GASES TO MEET SAMSUNG’S SEMICONDUCTOR DEMANDS

Earnest Partners Llc decreased its stake in Intuit Inc (INTU) by 5.93% based on its latest 2018Q1 regulatory filing with the SEC. Earnest Partners Llc sold 32,010 shares as the company’s stock rose 14.14% while stock markets declined. The institutional investor held 507,501 shares of the prepackaged software company at the end of 2018Q1, valued at $87.98M, down from 539,511 at the end of the previous reported quarter. Earnest Partners Llc who had been investing in Intuit Inc for a number of months, seems to be less bullish one the $53.62 billion market cap company. The stock decreased 0.06% or $0.12 during the last trading session, reaching $208.96. About 2.18M shares traded or 51.43% up from the average. Intuit Inc. (NASDAQ:INTU) has risen 42.45% since June 17, 2017 and is uptrending. It has outperformed by 29.88% the S&P500.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.12, from 0.9 in 2017Q4. It worsened, as 31 investors sold INTU shares while 277 reduced holdings. 59 funds opened positions while 180 raised stakes. 219.45 million shares or 1.28% more from 216.67 million shares in 2017Q4 were reported. Eagle Cap Mngmt Llc holds 2.67% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 22,021 shares. Tci Wealth Advisors Incorporated holds 5,613 shares or 0.45% of its portfolio. 1,748 were accumulated by Baldwin Brothers Ma. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.09% in Intuit Inc. (NASDAQ:INTU) or 13,548 shares. Whittier invested in 2,864 shares. Carderock Cap Incorporated holds 2.55% or 33,299 shares. Evercore Wealth Mgmt Limited Liability Co owns 1,398 shares for 0.01% of their portfolio. Patten Gru Inc owns 75 shares or 0.01% of their US portfolio. Westpac Bk reported 58,950 shares stake. Assetmark Inc invested in 0% or 230 shares. Bnp Paribas Arbitrage Sa owns 0% invested in Intuit Inc. (NASDAQ:INTU) for 432,725 shares. Etrade Capital Management Ltd Liability Company has 5,928 shares. 4,407 were accumulated by Integral Derivatives Limited Company. Qs Ltd Limited Liability Company reported 35,762 shares. Spectrum Management Gp has invested 0% of its portfolio in Intuit Inc. (NASDAQ:INTU).

Since December 18, 2017, it had 0 insider buys, and 12 sales for $254.32 million activity. COOK SCOTT D sold 159,556 shares worth $27.17M. Wernikoff Daniel A also sold $44.32M worth of Intuit Inc. (NASDAQ:INTU) shares. FLOURNOY MARK J also sold $1.09M worth of Intuit Inc. (NASDAQ:INTU) on Thursday, May 24.

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on August, 28. They expect $-0.04 EPS, down 140.00% or $0.14 from last year’s $0.1 per share. After $4.56 actual EPS reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -100.88% negative EPS growth.

More notable recent Intuit Inc. (NASDAQ:INTU) news were published by: Benzinga.com which released: “The Bull And Bear Cases For Intuit After A Q3 Beat” on May 23, 2018, also Fool.com with their article: “4 Soaring SaaS Stocks — Are They Still Buys?” published on June 12, 2018, Nasdaq.com published: “2 Underrated Dividend Stocks” on June 05, 2018. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: Fool.com and their article: “Intuit Inc.’s Strong Third Quarter, in 8 Metrics” published on May 29, 2018 as well as Seekingalpha.com‘s news article titled: “Handgun retailers look to Congress for relief” with publication date: June 13, 2018.

Among 24 analysts covering Intuit (NASDAQ:INTU), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Intuit had 104 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Intuit Inc. (NASDAQ:INTU) earned “Hold” rating by Stifel Nicolaus on Tuesday, November 21. As per Friday, November 20, the company rating was maintained by UBS. On Tuesday, August 11 the stock rating was downgraded by RBC Capital Markets to “Outperform”. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, July 30 report. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, January 9. As per Thursday, September 28, the company rating was maintained by Jefferies. As per Monday, January 29, the company rating was maintained by Oppenheimer. Stifel Nicolaus maintained it with “Hold” rating and $197 target in Wednesday, May 23 report. On Tuesday, September 13 the stock rating was downgraded by Morgan Stanley to “Underweight”. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, August 24 report.

Earnest Partners Llc, which manages about $24.92 billion and $10.57B US Long portfolio, upped its stake in Alexandria Real (NYSE:ARE) by 7,934 shares to 217,012 shares, valued at $27.10M in 2018Q1, according to the filing. It also increased its holding in Gatx Corp (NYSE:GMT) by 16,580 shares in the quarter, for a total of 1.66 million shares, and has risen its stake in Union Pac Corp (NYSE:UNP).

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

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