3M Company (NYSE:MMM)

Marco Green
April 12, 2018

Stifel Nicolaus restated a "hold" rating and issued a $225.00 target price (down previously from $251.00) on shares of 3M in a research note on Monday, April 2nd. Wealth Architects Llc who had been investing in 3M Co for a number of months, seems to be less bullish one the $129.04B market cap company. The stock decreased 0.95% or $2.0525 during the last trading session, reaching $214.9275. 1,464,364 shares of the stock were exchanged. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since April 11, 2017 and is uptrending. It has underperformed by 65.90% the S&P500.

Lafleur & Godfrey Llc decreased its stake in 3M Company (MMM) by 8.42% based on its latest 2017Q4 regulatory filing with the SEC. 110,468 shares were sold by Mairs & Power Inc as the company's stock declined 8.03% with the market. The institutional investor held 946,434 shares of the medical and dental instruments company at the end of 2017Q4, valued at $222.76M, down from 971,735 at the end of the previous reported quarter. The stock has a market cap of $126,394.88, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The stock increased 1.96% or $4.17 during the last trading session, reaching $216.98. About 625,574 shares traded.

3M Company (NYSE:MMM) gross margin percentage stands at 49.5% while its operating margin for the past trailing twelve month is 25 percent and its overall profit margin (ttm) is 15.3 Percent. The stock outperformed the S&P 500 by 1.81%.

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24. They expect $2.53 EPS, up 17.13% or $0.37 from last year's $2.16 per share. Vetr raised shares of 3M from a hold rating to a buy rating and set a $250.06 price objective for the company in a report on Monday, February 5th.

Since October 11, 2017, it had 1 insider purchase, and 6 sales for $1.19 million activity. 4,004 shares valued at $936,291 were sold by Gangestad Nicholas C on Friday, October 27.

In related news, EVP Michael F. Roman sold 4,146 shares of the stock in a transaction that occurred on Friday, February 2nd. The insider Bauman James L sold 8,834 shares worth $2.19 million. 400 shares were sold by Lindekugel Jon T, worth $92,023 on Tuesday, October 31.

During Q4 2017 the big money sentiment increased to 0.83. At the time of writing, the stock is checking in at $215.13, a change of -0.85% from the previous close. The ratio increased due to 3M Company positioning: 47 sold and 635 reduced. 416 rose holdings while 147 funds amassed holdings. Zacks Investment Research upgraded shares of 3M from a "hold" rating to a "buy" rating and set a $290.00 price target on the stock in a research report on Tuesday, January 30th. Peregrine Asset Advisers Inc invested in 3,987 shs or 0.47% of the stock. Wallington Asset Mgmt Ltd Company has invested 4.04% in 3M Company (NYSE:MMM). Architects has 3,208 shares for 0.13% of their portfolio. Anchor Advsr Ltd Liability Corp has invested 0.76% in 3M Company (NYSE:MMM). Jarislowsky Fraser Limited reported 715,357 shares. Wade G W stated it has 753 shares or 0.04% of all its holdings. The shares were sold at an average price of $166.71, for a total transaction of $1,795,633.41. Woodmont Counsel Limited Liability Corp has 14,819 shares. 15,095 were accumulated by Cypress Cap Grp Inc. Univest Of Pennsylvania holds 1.28% of its portfolio in 3M Company (NYSE:MMM) for 13,529 shares. Apg Asset Management Nv owns 1.43 million shares.

3M Company (MMM) has year to date performance of -7.81% and weekly performance of 0.30%. Advisory Svcs Networks has 17,604 shares for 0.36% of their portfolio. Grantham Mayo Van Otterloo And Limited Liability Company has 677,476 shs for 0.94% of their capital. First State Bank Sioux Falls accumulated 1,878 shares.

Among 13 analysts covering 3M Company (NYSE:MMM), 7 have Buy rating, 2 Sell and 4 Hold. Therefore 54% are positive. 3M Company had 25 analyst reports since October 25, 2017 according to SRatingsIntel. The firm has "Buy" rating by Deutsche Bank given on Tuesday, January 26. On Wednesday, December 13 the stock rating was maintained by Stifel Nicolaus with "Hold". Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of 3M in a research report on Thursday, December 15th. RBC Capital Markets maintained the stock with "Underperform" rating in Wednesday, October 26 report.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. The stock has "Sector Perform" rating by RBC Capital Markets on Wednesday, December 7. Stifel Nicolaus has "Hold" rating and $245.0 target. The firm has "Underweight" rating by Barclays Capital given on Monday, March 26. Panagora Asset Mngmt invested 0.26% of its portfolio in 3M Company (NYSE:MMM). Therefore 33% are positive. General Electric Company had 97 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained Iron Mountain Incorporated (NYSE:IRM) rating on Thursday, October 5. The rating was initiated by Standpoint Research with "Sell" on Friday, July 22. The stock has "Buy" rating by UBS on Friday, October 2. The company was downgraded on Thursday, November 5 by TH Capital. Credit Suisse maintained it with "Outperform" rating and $175 target in Tuesday, March 15 report. The rating was maintained by Robert W. Baird with "Hold" on Thursday, August 24. As per Wednesday, August 9, the company rating was maintained by Roth Capital. (MMM), according to 2017Q4 SEC filling. Mairs & Power Inc has risen its stake in Coresite Realty Corp (NYSE:COR) and also increased its holding in Graco Inc (NYSE:GGG) by 4.49 million shares in the quarter, for a total of 7.08 million shares. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. It closed at $0.0007 lastly.

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