Risk Paradigm Group LLC raised its stake in shares of 3M Co (NYSE:MMM) by 153.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 710 shares of the conglomerate’s stock after purchasing an additional 430 shares during the quarter. Risk Paradigm Group LLC’s holdings in 3M were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lenox Wealth Advisors Inc. boosted its holdings in 3M by 16,300.0% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 492 shares of the conglomerate’s stock valued at $116,000 after purchasing an additional 489 shares in the last quarter. Horan Capital Management bought a new position in shares of 3M in the fourth quarter valued at approximately $123,000. Sawyer & Company Inc bought a new position in shares of 3M in the fourth quarter valued at approximately $138,000. Field & Main Bank bought a new position in shares of 3M in the fourth quarter valued at approximately $140,000. Finally, Ford Financial Group Inc. bought a new position in shares of 3M in the fourth quarter valued at approximately $143,000. 66.85% of the stock is currently owned by institutional investors.

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In other 3M news, Chairman Inge G. Thulin sold 35,236 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $251.14, for a total transaction of $8,849,169.04. Following the completion of the sale, the chairman now owns 253,873 shares in the company, valued at approximately $63,757,665.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nicholas C. Gangestad sold 1,681 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $249.76, for a total transaction of $419,846.56. Following the sale, the chief financial officer now owns 23,562 shares of the company’s stock, valued at approximately $5,884,845.12. The disclosure for this sale can be found here. Insiders have sold a total of 52,806 shares of company stock valued at $13,162,628 in the last quarter. Corporate insiders own 0.58% of the company’s stock.

A number of research analysts have recently issued reports on MMM shares. ValuEngine cut shares of 3M from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Argus reiterated a “buy” rating on shares of 3M in a research note on Friday, December 22nd. Zacks Investment Research cut shares of 3M from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Deutsche Bank lifted their target price on shares of 3M from $180.00 to $240.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, Citigroup lifted their target price on shares of 3M from $268.00 to $278.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. 3M has a consensus rating of “Hold” and a consensus target price of $254.34.

3M Co (NYSE:MMM) opened at $223.17 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.86 and a debt-to-equity ratio of 1.04. 3M Co has a 1 year low of $188.62 and a 1 year high of $259.77. The firm has a market cap of $139,430.38, a P/E ratio of 28.18, a P/E/G ratio of 2.17 and a beta of 1.10.

3M (NYSE:MMM) last posted its quarterly earnings data on Thursday, January 25th. The conglomerate reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.07. 3M had a net margin of 15.35% and a return on equity of 48.34%. The firm had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $7.85 billion. During the same quarter in the previous year, the company posted $1.88 EPS. 3M’s revenue was up 9.0% on a year-over-year basis. analysts expect that 3M Co will post 10.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were given a dividend of $1.36 per share. This is a boost from 3M’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, February 15th. This represents a $5.44 annualized dividend and a dividend yield of 2.44%. 3M’s payout ratio is presently 68.69%.

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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.

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

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