Big Money Are Buying 3M Co (NYSE:MMM), Sentiment at 0.83

May 16, 2018 - By Victoria Pittman

3M Company (NYSE:MMM) Corporate Logo

“Big money” Positions

“Big money sentiment for 3M Co (NYSE:MMM) in 2017 Q4 increased to 0.83, according to SEC filings. That’s up 0.06, from 2017Q3’s 0.77. 563 funds increased or opened new holdings, while 682 reduced and sold stock positions in 3M Co so the sentiment has improved. Funds own 383.04 million shares, down from 387.06 million shares in 2017Q3. Funds holding 3M Co in top 10 increased from 92 to 101 for an increase of 9. 47 Investors Sold All; 635 Reduced Holdings; 416 increased stakes while 147 funds bought stakes.

Biggest 3M Co Shareholders

As of 2017 Q4 Spinnaker Trust has 15.94% invested in 3M Co. 3M Co’s shareholder Somerset Group Llc owns 74,822 shares as of 2017 Q4. In addition, White Pine Capital Llc reported 161,495 shares in 3M Co equivalent to 13.89% of its US long stock exposure. The Georgia-based fund Acg Wealth have invested about 8.89% of the institutional investor’s stock portfolio in 3M Co. The Rhode Island-based fund Parsons Capital Management Inc Ri holds 323,575 shares or 8.48% of their US long stock exposure.

3M Company operates as a diversified technology firm worldwide.The firm is valued at $118.98 billion. The companyÂ’s Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; advanced ceramics; sealants; specialty materials; separation and purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products.The P/E ratio is 25.27. The Company’s Safety and Graphics Business segment provides personal protection products, traffic safety and security products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules for asphalt shingles, and fall protection products.

MMM touched $200.41 during the last trading session after $2 change.Currently 3M Company is uptrending after 13.36% change in last May 16, 2017. MMM has also 2.03M shares volume. MMM outperformed by 1.81% the S&P 500.

On July, 24 3M Company (NYSE:MMM)’s earnings release is awaited by WallStreet, according to Faxor. Analysts predict 1.94 % diference or $2.63 from the $2.58 EPS from 2017. If reported the P/E will be 19.05 with $1.56B profit. 5.20 % EPS growth is what analysts predict. $2.50 earnings per share was announced for previous quarter.

Connors Investor Services has invested 0.87% in 3M Company (NYSE:MMM). 578,168 were accumulated by Proshare Advsrs Ltd. 5,172 are owned by Green Square Lc. Bluefin Trading Lc accumulated 994 shs or 0.01% of the stock. Independent Invsts invested 2.75% in 3M Company (NYSE:MMM). Moreover, Hbk Sorce Advisory Limited Liability Company has 0.28% invested in 3M Company (NYSE:MMM) for 9,966 shs. Natl Pension Serv stated it has 0.57% of its capital in 3M Company (NYSE:MMM). Ngam Advsr Lp has 0.15% invested in 3M Company (NYSE:MMM) for 63,818 shs. Martingale Asset Mngmt Limited Partnership owns 232,285 shs. Prudential Public Ltd Com holds 0.33% of its capital in 3M Company (NYSE:MMM) for 467,164 shs. Adirondack Trust stated it has 2,954 shs or 0.51% of all its holdings. St Johns Inv Limited Liability holds 1.33% or 7,665 shs in its capital. Fmr Limited Liability Com stated it has 8.71 million shs or 0.24% of all its holdings. Wealthtrust holds 220 shs or 0.03% of its capital. Solaris Asset Management Limited Liability Com invested in 400 shs or 0.05% of the stock.

3M Company registered $30.99 million net activity with 0 buys and 16 sales since January 31, 2018. 1,900 shs valued at $474,944 were sold by Shin Hak Cheol on Thursday, February 1. On Friday, February 2 Bauman James L also sold $700,790 worth of 3M Company (NYSE:MMM). The insider THULIN INGE G sold 35,236 shs worth $8.85 million. The insider Vrohidis Ippocratis sold 225 shs worth $56,178. On Friday, February 23 Little Frank R Jr. also sold $742,051 worth of 3M Company (NYSE:MMM). 13,480 shs were sold by Keel Paul A, worth $3.33M.

3M Company (NYSE:MMM) Ratings Coverage

Total analysts of 12 have positions in 3M Company (NYSE:MMM) as follows: 7 rated it a “Buy”, 3 with “Sell” and 2 with “Hold”. The positive are 58%. Since December 12, 2017 according to StockzIntelligence Inc 3M Company has 27 analyst reports. On Tuesday, April 24 the rating was upgraded by CFRA to “Buy”. On Wednesday, April 25 the stock of 3M Company (NYSE:MMM) has “Hold” rating given by Stifel Nicolaus. On Thursday, January 25 the stock of 3M Company (NYSE:MMM) has “Hold” rating given by RBC Capital Markets. In Thursday, December 14 report Jefferies maintained the stock with “Buy” rating. On Thursday, April 26 the stock has “Underweight” rating by JP Morgan. In Friday, January 26 report Stifel Nicolaus maintained the stock with “Hold” rating. On Thursday, April 26 the rating was maintained by UBS with “Neutral”. On Thursday, February 15 Stifel Nicolaus maintained 3M Company (NYSE:MMM) with “Hold” rating. On Wednesday, January 3 the stock has “Hold” rating by RBC Capital Markets. On Thursday, March 22 RBC Capital Markets maintained 3M Company (NYSE:MMM) rating. RBC Capital Markets has “Hold” rating and $24100 target.

For more 3M Company (NYSE:MMM) news released briefly go to: Seekingalpha.com, Seekingalpha.com, 247Wallst.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Jefferies cautious on 3M amid rate, recession fears” released on May 16, 2018, “3M: Pullback Has Prompted Me To Increase My Position” on April 26, 2018, “Why 3M Earnings Aren’t Enough” with a publish date: April 24, 2018, “3M: Buy On Earnings Dip?” and the last “Retirement Strategy: I Am Done Being Wrong About This Market” with publication date: May 16, 2018.

3M Company (NYSE:MMM) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: