Alexandria Capital LLC grew its position in 3M Co (NYSE:MMM) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,998 shares of the conglomerate’s stock after acquiring an additional 511 shares during the quarter. Alexandria Capital LLC’s holdings in 3M were worth $572,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in 3M during the fourth quarter worth $35,000. Intercontinental Wealth Advisors LLC acquired a new stake in 3M during the fourth quarter worth $38,000. Essex Investment Management Co. LLC acquired a new stake in 3M during the fourth quarter worth $39,000. Westside Investment Management Inc. increased its stake in 3M by 96.2% during the fourth quarter. Westside Investment Management Inc. now owns 255 shares of the conglomerate’s stock worth $49,000 after acquiring an additional 125 shares during the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in 3M during the fourth quarter worth $72,000. Hedge funds and other institutional investors own 67.20% of the company’s stock.

In related news, insider Paul A. Keel sold 9,410 shares of the business’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $199.14, for a total transaction of $1,873,907.40. Following the completion of the transaction, the insider now directly owns 23,009 shares of the company’s stock, valued at approximately $4,582,012.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Inge G. Thulin sold 5,863 shares of the business’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $207.78, for a total value of $1,218,214.14. Following the transaction, the chairman now directly owns 268,188 shares of the company’s stock, valued at $55,724,102.64. The disclosure for this sale can be found here. Insiders have sold a total of 77,414 shares of company stock valued at $15,553,682 over the last three months. 0.83% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised 3M from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Barclays dropped their price objective on 3M from $189.00 to $188.00 and set an “underweight” rating for the company in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. dropped their price objective on 3M from $158.00 to $154.00 and set an “underweight” rating for the company in a research note on Friday, March 29th. Morgan Stanley dropped their price objective on 3M from $201.00 to $199.00 and set an “equal weight” rating for the company in a research note on Friday, March 22nd. Finally, reaffirmed a “sell” rating on shares of 3M in a research note on Tuesday, February 12th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $205.50.

Shares of NYSE MMM opened at $218.88 on Monday. 3M Co has a twelve month low of $176.87 and a twelve month high of $220.28. The company has a quick ratio of 1.29, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $126.03 billion, a PE ratio of 20.93, a PEG ratio of 2.05 and a beta of 1.05.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, January 29th. The conglomerate reported $2.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.03. 3M had a return on equity of 57.70% and a net margin of 16.33%. The business had revenue of $7.95 billion during the quarter, compared to analysts’ expectations of $7.87 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The company’s revenue was down .6% on a year-over-year basis. As a group, research analysts anticipate that 3M Co will post 10.51 EPS for the current year.

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About 3M

3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products.

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

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