Decatur Capital Management Inc. lifted its holdings in 3M Company (NYSE:MMM) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,975 shares of the conglomerate’s stock after buying an additional 2,950 shares during the quarter. 3M makes up about 2.1% of Decatur Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Decatur Capital Management Inc.’s holdings in 3M were worth $10,700,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. grew its position in 3M by 0.6% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 718 shares of the conglomerate’s stock valued at $137,000 after purchasing an additional 4 shares during the last quarter. Baker Ellis Asset Management LLC grew its position in 3M by 0.3% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 5,487 shares of the conglomerate’s stock valued at $1,142,000 after purchasing an additional 19 shares during the last quarter. Kopp Investment Advisors LLC grew its position in 3M by 0.4% during the 2nd quarter. Kopp Investment Advisors LLC now owns 5,281 shares of the conglomerate’s stock valued at $1,099,000 after purchasing an additional 20 shares during the last quarter. Main Street Research LLC grew its position in 3M by 1.1% during the 1st quarter. Main Street Research LLC now owns 1,984 shares of the conglomerate’s stock valued at $380,000 after purchasing an additional 22 shares during the last quarter. Finally, Osborne Partners Capital Management LLC grew its position in 3M by 1.0% during the 2nd quarter. Osborne Partners Capital Management LLC now owns 2,272 shares of the conglomerate’s stock valued at $473,000 after purchasing an additional 22 shares during the last quarter. 66.21% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on MMM. BidaskClub downgraded shares of 3M from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and set a $202.00 price objective on shares of 3M in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “sector perform” rating and set a $209.00 price objective (down from $210.00) on shares of 3M in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of 3M from a “hold” rating to a “buy” rating and set a $248.00 price objective on the stock in a research report on Wednesday, October 25th. Finally, William Blair reissued an “outperform” rating on shares of 3M in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $230.44.

COPYRIGHT VIOLATION NOTICE: “Decatur Capital Management Inc. Acquires 2,950 Shares of 3M Company (MMM)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/decatur-capital-management-inc-acquires-2950-shares-of-3m-company-mmm/1676088.html.

3M (NYSE:MMM) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $2.33 EPS for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.12. The firm had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.93 billion. 3M had a return on equity of 48.55% and a net margin of 17.71%. 3M’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.15 earnings per share.

In other 3M news, insider Paul A. Keel sold 4,965 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $206.16, for a total value of $1,023,584.40. Following the completion of the transaction, the insider now directly owns 5,503 shares of the company’s stock, valued at $1,134,498.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank R. Jr. Little sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $234.47, for a total value of $351,705.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,912 shares of company stock worth $6,256,111. 0.58% of the stock is owned by insiders.

3M Company Profile

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

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

Receive News & Ratings for 3M Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3M Company and related companies with Analyst Ratings Network's FREE daily email newsletter.