Sentiment Change Report: 3M Co (NYSE:MMM) at 0.83

May 16, 2018 - By Joshua Cleveland

3M Company (NYSE:MMM) Corporate Logo

Positions for 3M Co (NYSE:MMM)

“Big money sentiment for 3M Co (NYSE:MMM) in 2017 Q4 increased to 0.83, SEC.gov filings reveal. So its up 0.06, from 2017Q3’s 0.77. 563 investment professionals increased and opened new holdings, while 682 sold and reduced their stock positions in 3M Co so the sentiment increased. These funds own 383.04 million shares, that’s down from 387.06 million shares in 2017Q3. Funds holding 3M Co in top 10 changed to 101 from 92 for an increase of 9. In total 47 funds closed positions, 635 reduced and 416 increased. Also 147 funds bought new 3M Co stakes.

Significant 3M Co Shareholders

Spinnaker Trust owns 583,666 shares in 3M Co as of 2017 Q4. As of 2017 Q4, 74,822 shares of 3M Co are owned by Somerset Group Llc. White Pine Capital Llc reported 161,495 shares. Acg Wealth revealed 255,257 shares position in 3M Co. The Rhode Island-based fund Parsons Capital Management Inc Ri looks positive on 3M Co, owning 323,575 shares.

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.25.27 is the P/E ratio. 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.

Ticker’s shares touched $200.41 during the last trading session after 0.99% change.3M Company has volume of 2.03M shares. Since May 16, 2017 MMM has risen 13.36% and is uptrending. MMM outperformed the S&P 500 by 1.81%.

Earnings report for 3M Company (NYSE:MMM) is anticipated on July, 24., Zacks reports. The EPS diference is $0.05 or 1.94 % up from last years number. Previous year: $2.58; Analysts forcast: $2.63. The profit will be $1.56B for MMM if $2.63 EPS becomes true. 5.20 % EPS growth is what Wall Street’s forecasts after $2.50 reported EPS previous quarter.

Laurion Mgmt L P reported 0.01% stake. 2.16 million were reported by Parametric Associates Limited Liability Com. Centurylink Inv Mngmt Company has invested 0.72% of its capital in 3M Company (NYSE:MMM). Moreover, Boys Arnold & Inc has 1.07% invested in 3M Company (NYSE:MMM). Perritt Capital holds 2,653 shs. Northeast Consultants invested in 0.16% or 2,084 shs. Thompson Mgmt, Wisconsin-based fund reported 2,182 shs. California-based Spectrum Asset Mgmt (Nb Ca) has invested 0.86% in 3M Company (NYSE:MMM). Hartwell J M Partnership reported 0.06% in 3M Company (NYSE:MMM). Bowen Hanes & Inc owns 229,006 shs. California-based Firsthand Mgmt Incorporated has invested 0.17% in 3M Company (NYSE:MMM). Caprock Group Inc Inc has 0.46% invested in 3M Company (NYSE:MMM) for 9,750 shs. Cedar Hill Assocs Ltd Liability accumulated 1,642 shs. Meristem Limited Liability Partnership, a Minnesota-based fund reported 22,083 shs. Private Comm Na invested 0.98% in 3M Company (NYSE:MMM).

3M Company registered $30.99 million net activity with 0 insider buys and 16 sales since January 31, 2018. On Friday, February 2 Bauman James L also sold $2.19 million worth of 3M Company (NYSE:MMM). On Thursday, February 1 a trade for 6,799 shs valued at $1.68M was made by Shin Hak Cheol. On Thursday, February 1 Gangestad Nicholas C sold $419,846 worth of 3M Company (NYSE:MMM) or 1,681 shs. On Thursday, February 1 225 shs were sold by Vrohidis Ippocratis, worth $56,178. On Friday, February 23 $742,051 worth of stock was sold by Little Frank R Jr.. On Friday, February 2 4,146 shs were sold by Roman Michael F, worth $1.02 million.

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 Friday, January 26 the rating was maintained by Stifel Nicolaus with “Hold”. In Thursday, March 22 report RBC Capital Markets maintained it with “Hold” rating and $24100 target. The stock rating was maintained by Stifel Nicolaus with “Hold” on Thursday, February 15. On Thursday, May 3 RBC Capital Markets upgraded 3M Company (NYSE:MMM) to “Buy” rating. On Wednesday, January 3 the stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets. On Thursday, January 18 the company was maintained by J.P. Morgan. On Wednesday, January 24 the firm has “Buy” rating given by Hilliard Lyons. The company rating was upgraded by Deutsche Bank on Tuesday, February 13. On Tuesday, December 12 the rating was maintained by RBC Capital Markets with “Hold”. On Thursday, December 14 the stock of 3M Company (NYSE:MMM) earned “Buy” rating by Jefferies.

For more 3M Company (NYSE:MMM) news posted briefly go to: Seekingalpha.com, Seekingalpha.com, 247Wallst.com, Seekingalpha.com or 247Wallst.com. The titles are as follows: “3M: Pullback Has Prompted Me To Increase My Position” posted on April 26, 2018, “Retirement Strategy: I Am Done Being Wrong About This Market” on May 16, 2018, “Why 3M Earnings Aren’t Enough” with a publish date: April 24, 2018, “Jefferies cautious on 3M amid rate, recession fears” and the last “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” with publication date: May 16, 2018.

3M Company (NYSE:MMM) Institutional Investors Chart

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