Weybosset Research & Management LLC maintained its position in shares of 3M Company (NYSE:MMM) during the third quarter, Holdings Channel reports. The institutional investor owned 2,525 shares of the company’s stock at the end of the third quarter. Weybosset Research & Management LLC’s holdings in 3M Company were worth $445,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in MMM. Cable Hill Partners LLC increased its position in shares of 3M Company by 5.0% in the second quarter. Cable Hill Partners LLC now owns 583 shares of the company’s stock valued at $103,000 after buying an additional 28 shares during the period. Jackson Grant Investment Advisers Inc. increased its position in shares of 3M Company by 7.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 706 shares of the company’s stock valued at $124,000 after buying an additional 49 shares during the period. Cascade Investment Advisors Inc. bought a new position in shares of 3M Company during the second quarter valued at approximately $125,000. Balentine LLC increased its position in shares of 3M Company by 41.1% in the second quarter. Balentine LLC now owns 762 shares of the company’s stock valued at $133,000 after buying an additional 222 shares during the period. Finally, Krilogy Financial LLC increased its position in shares of 3M Company by 1.9% in the second quarter. Krilogy Financial LLC now owns 814 shares of the company’s stock valued at $143,000 after buying an additional 15 shares during the period. Institutional investors own 63.25% of the company’s stock.

Institutional Ownership by Quarter for 3M Company (NYSE:MMM)

Shares of 3M Company (NYSE:MMM) traded down 0.03% during mid-day trading on Friday, hitting $177.39. The stock had a trading volume of 1,265,593 shares. The stock’s 50-day moving average price is $176.59 and its 200 day moving average price is $175.65. The company has a market capitalization of $106.69 billion, a P/E ratio of 22.37 and a beta of 1.05. 3M Company has a 1-year low of $134.64 and a 1-year high of $182.27.

3M Company (NYSE:MMM) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.01. 3M Company had a return on equity of 42.27% and a net margin of 16.40%. The firm earned $7.70 billion during the quarter, compared to analysts’ expectations of $7.72 billion. During the same quarter last year, the firm posted $2.05 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts predict that 3M Company will post $8.16 EPS for the current fiscal year.

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Several equities research analysts have recently issued reports on the stock. RBC Capital Markets upgraded shares of 3M Company from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from $155.00 to $171.00 in a research note on Wednesday, December 7th. Vetr downgraded shares of 3M Company from a “hold” rating to a “sell” rating and set a $171.00 price objective on the stock. in a research note on Thursday, December 22nd. Jefferies Group restated a “buy” rating and issued a $200.00 price objective on shares of 3M Company in a research note on Wednesday, December 14th. Zacks Investment Research upgraded shares of 3M Company from a “sell” rating to a “hold” rating in a research note on Tuesday, November 29th. Finally, Stifel Nicolaus raised their price objective on shares of 3M Company from $175.00 to $186.00 and gave the stock a “hold” rating in a research note on Wednesday, December 14th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $174.50.

In other 3M Company news, insider Michael F. Roman sold 4,036 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $180.00, for a total value of $726,480.00. Following the completion of the sale, the insider now owns 9,971 shares of the company’s stock, valued at $1,794,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric D. Hammes sold 436 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $174.00, for a total value of $75,864.00. Following the completion of the sale, the vice president now directly owns 2,261 shares of the company’s stock, valued at approximately $393,414. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.

3M Company Company Profile

3M Company is a technology company. The Company operates through five segments. Its Industrial segment serves markets, such as automotive original equipment manufacturer and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction. Its Safety and Graphics segment serves markets for the safety, security and productivity of people, facilities and systems.

5 Day Chart for NYSE:MMM

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