J. L. Bainbridge & Co. Inc. decreased its holdings in shares of 3M Co (NYSE:MMM) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,127 shares of the conglomerate’s stock after selling 179 shares during the period. J. L. Bainbridge & Co. Inc.’s holdings in 3M were worth $405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Addenda Capital Inc. raised its holdings in shares of 3M by 2.4% in the fourth quarter. Addenda Capital Inc. now owns 9,694 shares of the conglomerate’s stock valued at $1,846,000 after purchasing an additional 223 shares during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of 3M by 41.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 12,887 shares of the conglomerate’s stock valued at $2,477,000 after purchasing an additional 3,776 shares during the last quarter. Morgan Stanley raised its holdings in shares of 3M by 11.9% in the third quarter. Morgan Stanley now owns 4,042,904 shares of the conglomerate’s stock valued at $851,879,000 after purchasing an additional 430,262 shares during the last quarter. Gardiner Nancy B raised its holdings in shares of 3M by 4.8% in the fourth quarter. Gardiner Nancy B now owns 7,844 shares of the conglomerate’s stock valued at $1,496,000 after purchasing an additional 356 shares during the last quarter. Finally, F3Logic LLC raised its holdings in shares of 3M by 254.0% in the fourth quarter. F3Logic LLC now owns 28,205 shares of the conglomerate’s stock valued at $5,385,000 after purchasing an additional 20,238 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

NYSE MMM opened at $211.96 on Wednesday. 3M Co has a 52-week low of $176.87 and a 52-week high of $221.69. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.29. The stock has a market cap of $123.81 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.02 and a beta of 1.05.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Friday, February 15th were given a dividend of $1.44 per share. This represents a $5.76 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, February 14th. This is a positive change from 3M’s previous quarterly dividend of $1.36. 3M’s dividend payout ratio (DPR) is currently 55.07%.

Several analysts have recently commented on MMM shares. Zacks Investment Research reiterated a “hold” rating on shares of 3M in a report on Monday, December 31st. Royal Bank of Canada reiterated a “buy” rating and issued a $213.00 target price on shares of 3M in a report on Wednesday, December 19th. Morgan Stanley lowered their target price on shares of 3M from $201.00 to $199.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. Barclays lowered their target price on shares of 3M from $189.00 to $188.00 and set an “underweight” rating for the company in a report on Wednesday, April 3rd. Finally, reiterated a “sell” rating on shares of 3M in a report on Tuesday, February 12th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $205.50.

In other 3M news, VP Ippocratis Vrohidis sold 8,153 shares of the stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $199.51, for a total transaction of $1,626,605.03. Following the completion of the transaction, the vice president now owns 786 shares in the company, valued at $156,814.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul A. Keel sold 9,410 shares of the stock in a transaction dated 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 transaction, the insider now owns 23,009 shares of the company’s stock, valued at approximately $4,582,012.26. The disclosure for this sale can be found here. Insiders have sold 77,414 shares of company stock valued at $15,553,682 in the last quarter. Company insiders own 0.72% of the company’s stock.

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3M Company Profile

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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