Investors sold shares of 3M Company (NYSE:MMM) on strength during trading hours on Monday. $76.73 million flowed into the stock on the tick-up and $123.11 million flowed out of the stock on the tick-down, for a money net flow of $46.38 million out of the stock. Of all equities tracked, 3M had the 0th highest net out-flow for the day. 3M traded up $2.62 for the day and closed at $234.00

Several research firms have commented on MMM. Zacks Investment Research upgraded 3M from a “hold” rating to a “buy” rating and set a $258.00 price objective on the stock in a research report on Tuesday, November 7th. Goldman Sachs Group restated a “sell” rating on shares of 3M in a research report on Thursday, October 26th. Citigroup upped their price objective on 3M from $250.00 to $262.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Jefferies Group upped their price objective on 3M to $262.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Bank of America upped their price objective on 3M from $227.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $231.16.

The company has a market capitalization of $140,340.00, a PE ratio of 25.85, a PEG ratio of 2.51 and a beta of 1.08. The company has a current ratio of 2.07, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89.

3M (NYSE:MMM) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.12. 3M had a return on equity of 48.55% and a net margin of 17.71%. The firm had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter last year, the firm posted $2.15 EPS. The business’s revenue was up 6.0% on a year-over-year basis. sell-side analysts forecast that 3M Company will post 9.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 24th will be given a dividend of $0.0118 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.02%. 3M’s dividend payout ratio (DPR) is 52.46%.

In related news, VP Ivan K. Fong sold 2,348 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $233.12, for a total value of $547,365.76. Following the completion of the transaction, the vice president now directly owns 24,479 shares of the company’s stock, valued at approximately $5,706,544.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jon T. Lindekugel sold 400 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $230.06, for a total value of $92,024.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,804 shares of company stock valued at $5,303,706. 0.58% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MMM. MPS Loria Financial Planners LLC acquired a new stake in shares of 3M during the 2nd quarter worth about $124,000. Hoertkorn Richard Charles acquired a new stake in shares of 3M during the 3rd quarter worth about $126,000. Proficio Capital Partners LLC raised its position in shares of 3M by 156.0% during the 1st quarter. Proficio Capital Partners LLC now owns 663 shares of the conglomerate’s stock worth $131,000 after acquiring an additional 404 shares in the last quarter. Harfst & Associates Inc. raised its position in shares of 3M by 17.0% during the 2nd quarter. Harfst & Associates Inc. now owns 688 shares of the conglomerate’s stock worth $143,000 after acquiring an additional 100 shares in the last quarter. Finally, Mascoma Wealth Management LLC raised its position in shares of 3M by 87.5% during the 3rd quarter. Mascoma Wealth Management LLC now owns 750 shares of the conglomerate’s stock worth $157,000 after acquiring an additional 350 shares in the last quarter. 66.57% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Investors Sell 3M (MMM) on Strength (MMM)” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.watchlistnews.com/investors-sell-3m-mmm-on-strength-mmm/1733008.html.

About 3M

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.

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.