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Santa Barbara Asset Management Position in Praxair (PX) Has Lowered by $1.27 Million as Stock Value Declined; Marshfield Associates Has Trimmed Its Fastenal Co (FAST) Position by $1.29 Million

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Marshfield Associates decreased its stake in Fastenal Co (FAST) by 1.52% based on its latest 2017Q4 regulatory filing with the SEC. Marshfield Associates sold 23,840 shares as the company’s stock declined 2.22% with the market. The institutional investor held 1.54M shares of the building materials company at the end of 2017Q4, valued at $84.48 million, down from 1.57 million at the end of the previous reported quarter. Marshfield Associates who had been investing in Fastenal Co for a number of months, seems to be less bullish one the $14.13 billion market cap company. The stock decreased 1.78% or $0.89 during the last trading session, reaching $49.11. About 2.36 million shares traded. Fastenal Company (NASDAQ:FAST) has risen 5.62% since April 25, 2017 and is uptrending. It has underperformed by 5.93% the S&P500.

Santa Barbara Asset Management Llc decreased its stake in Praxair Inc (PX) by 0.72% based on its latest 2017Q4 regulatory filing with the SEC. Santa Barbara Asset Management Llc sold 8,230 shares as the company’s stock declined 6.32% with the market. The institutional investor held 1.13 million shares of the basic industries company at the end of 2017Q4, valued at $174.70 million, down from 1.14M at the end of the previous reported quarter. Santa Barbara Asset Management Llc who had been investing in Praxair Inc for a number of months, seems to be less bullish one the $42.15B market cap company. The stock decreased 2.38% or $3.58 during the last trading session, reaching $146.78. About 1.22 million shares traded. Praxair, Inc. (NYSE:PX) has risen 22.24% since April 25, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Since December 15, 2017, it had 0 buys, and 4 sales for $2.06 million activity. $140,793 worth of stock was sold by Polipnick Gary A. on Friday, December 15. Miller Charles S. sold 26,250 shares worth $1.48 million. 242 shares were sold by Jansen James C, worth $14,036 on Friday, March 9.

Analysts await Fastenal Company (NASDAQ:FAST) to report earnings on July, 11. They expect $0.66 EPS, up 26.92% or $0.14 from last year’s $0.52 per share. FAST’s profit will be $189.87 million for 18.60 P/E if the $0.66 EPS becomes a reality. After $0.61 actual EPS reported by Fastenal Company for the previous quarter, Wall Street now forecasts 8.20% EPS growth.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.25, from 1.3 in 2017Q3. It is negative, as 37 investors sold FAST shares while 215 reduced holdings. 91 funds opened positions while 174 raised stakes. 232.28 million shares or 0.94% less from 234.48 million shares in 2017Q3 were reported. Bell Commercial Bank stated it has 0.15% of its portfolio in Fastenal Company (NASDAQ:FAST). Hightower Advisors Limited Liability Co holds 0.04% or 85,108 shares in its portfolio. Wedgewood Prtnrs holds 6.1% or 2.76 million shares in its portfolio. Td Asset Mgmt owns 412,508 shares. Chem Commercial Bank invested in 0.06% or 9,410 shares. Conestoga Cap Advisors Ltd Limited Liability Company reported 14,229 shares or 0.03% of all its holdings. Stifel Fincl has 0.09% invested in Fastenal Company (NASDAQ:FAST). Wisconsin-based State Of Wisconsin Board has invested 0.04% in Fastenal Company (NASDAQ:FAST). Smithfield Trust Co invested 0.03% in Fastenal Company (NASDAQ:FAST). Coe Capital Management Limited Liability Company holds 1.91% in Fastenal Company (NASDAQ:FAST) or 32,980 shares. Parthenon Ltd Liability owns 160,950 shares. Dearborn Prtnrs Ltd Liability has invested 0.02% of its portfolio in Fastenal Company (NASDAQ:FAST). Greenwich Wealth Management holds 0.2% in Fastenal Company (NASDAQ:FAST) or 21,920 shares. Boyd Watterson Asset Limited Liability Corp Oh owns 19,895 shares for 0.53% of their portfolio. Wolverine Asset Ltd owns 1,919 shares or 0% of their US portfolio.

Among 19 analysts covering Fastenal (NASDAQ:FAST), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 77 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 17 by Credit Suisse. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, January 17. William Blair maintained the stock with “Hold” rating in Tuesday, August 25 report. The rating was upgraded by Raymond James to “Strong Buy” on Thursday, July 13. The firm has “Hold” rating given on Monday, March 19 by Susquehanna. The stock of Fastenal Company (NASDAQ:FAST) earned “Neutral” rating by Macquarie Research on Friday, August 26. The firm has “Buy” rating by Robert W. Baird given on Tuesday, March 6. The firm earned “Buy” rating on Tuesday, January 19 by Stifel Nicolaus. The rating was maintained by Robert W. Baird on Wednesday, January 17 with “Buy”. Argus Research downgraded Fastenal Company (NASDAQ:FAST) on Friday, October 14 to “Hold” rating.

Santa Barbara Asset Management Llc, which manages about $4.47 billion and $6.61B US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 29,605 shares to 3.91 million shares, valued at $152.15 million in 2017Q4, according to the filing. It also increased its holding in Ingersoll (NYSE:IR) by 244,751 shares in the quarter, for a total of 1.47M shares, and has risen its stake in Cyrusone Inc (NASDAQ:CONE).

Among 24 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 9 Hold. Therefore 50% are positive. Praxair had 53 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Tuesday, September 13 by Morgan Stanley. The firm earned “Buy” rating on Wednesday, June 7 by Bank of America. The stock has “Buy” rating by SunTrust on Thursday, October 26. The company was maintained on Wednesday, June 21 by Jefferies. The stock of Praxair, Inc. (NYSE:PX) has “Overweight” rating given on Friday, January 27 by JP Morgan. The stock of Praxair, Inc. (NYSE:PX) earned “Neutral” rating by UBS on Wednesday, November 18. The firm has “Buy” rating by Jefferies given on Tuesday, October 17. The firm earned “Hold” rating on Friday, September 1 by KeyBanc Capital Markets. The stock of Praxair, Inc. (NYSE:PX) earned “Hold” rating by Deutsche Bank on Friday, June 2. Deutsche Bank downgraded it to “Hold” rating and $120 target in Monday, April 4 report.

Analysts await Praxair, Inc. (NYSE:PX) to report earnings on April, 26 before the open. They expect $1.56 earnings per share, up 13.87% or $0.19 from last year’s $1.37 per share. PX’s profit will be $447.93M for 23.52 P/E if the $1.56 EPS becomes a reality. After $1.52 actual earnings per share reported by Praxair, Inc. for the previous quarter, Wall Street now forecasts 2.63% EPS growth.

Fastenal Company (NASDAQ:FAST) Institutional Positions Chart

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