Mount Yale Funding Advisors LLC elevated its place in shares of 3M (NYSE:MMM – Free Report) by 1.1% in the course of the third quarter, in keeping with the corporate in its most up-to-date Kind 13F submitting with the Securities & Alternate Fee. The agency owned 8,462 shares of the conglomerate’s inventory after buying an extra 95 shares in the course of the interval. Mount Yale Funding Advisors LLC’s holdings in 3M have been value $1,157,000 on the finish of the newest quarter.
Different hedge funds and different institutional buyers have additionally not too long ago purchased and offered shares of the corporate. Tributary Capital Administration LLC purchased a brand new stake in shares of 3M within the 1st quarter value roughly $25,000. MFA Wealth Advisors LLC acquired a brand new place in 3M within the second quarter value roughly $28,000. Daymark Wealth Companions LLC elevated its holdings in shares of 3M by 8.6% within the third quarter. Daymark Wealth Companions LLC now owns 217,745 shares of the conglomerate’s inventory valued at $30,000 after shopping for an extra 17,211 shares within the final quarter. McClarren Monetary Advisors Inc. lifted its place in shares of 3M by 118.6% in the course of the third quarter. McClarren Monetary Advisors Inc. now owns 223 shares of the conglomerate’s inventory valued at $30,000 after buying an extra 121 shares over the past quarter. Lastly, Meeder Asset Administration Inc. grew its holdings in shares of 3M by 689.7% within the 2nd quarter. Meeder Asset Administration Inc. now owns 308 shares of the conglomerate’s inventory value $31,000 after buying an extra 269 shares over the past quarter. 65.25% of the inventory is at present owned by institutional buyers.
Insiders Place Their Bets
In different information, CFO Theresa E. Reinseth offered 2,100 shares of the enterprise’s inventory in a transaction on Tuesday, August sixth. The shares have been offered at a median worth of $124.12, for a complete worth of $260,652.00. Following the completion of the sale, the chief monetary officer now instantly owns 4,364 shares within the firm, valued at roughly $541,659.68. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the Securities & Alternate Fee, which could be accessed by means of this hyperlink. In different information, Chairman Michael F. Roman offered 5,675 shares of the agency’s inventory in a transaction dated Wednesday, August seventh. The inventory was offered at a median worth of $123.46, for a complete worth of $700,635.50. Following the sale, the chairman now instantly owns 174,036 shares of the corporate’s inventory, valued at roughly $21,486,484.56. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the SEC, which could be accessed by means of this hyperlink. Additionally, CFO Theresa E. Reinseth offered 2,100 shares of the inventory in a transaction that occurred on Tuesday, August sixth. The shares have been offered at a median worth of $124.12, for a complete worth of $260,652.00. Following the sale, the chief monetary officer now owns 4,364 shares of the corporate’s inventory, valued at roughly $541,659.68. The commerce was a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. Firm insiders personal 0.34% of the corporate’s inventory.
3M Inventory Efficiency
MMM inventory opened at $124.73 on Friday. The agency has a 50 day shifting common of $133.05 and a two-hundred day shifting common of $113.65. 3M has a 12 month low of $72.47 and a 12 month excessive of $141.34. The corporate has a market capitalization of $68.52 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of two.42 and a beta of 0.95. The corporate has a fast ratio of 1.08, a present ratio of 1.43 and a debt-to-equity ratio of two.41.
3M (NYSE:MMM – Get Free Report) final posted its earnings outcomes on Tuesday, October twenty second. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.93 by $0.05. 3M had a web margin of 15.37% and a return on fairness of 104.66%. The agency had income of $6.29 billion for the quarter, in comparison with the consensus estimate of $6.06 billion. Throughout the identical interval within the prior yr, the enterprise posted $2.68 earnings per share. The enterprise’s quarterly income was down 24.3% on a year-over-year foundation. As a bunch, equities analysts anticipate that 3M will publish 7.26 EPS for the present fiscal yr.
3M Dividend Announcement
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, September twelfth. Traders of report on Monday, August twenty sixth have been issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, August twenty sixth. This represents a $2.80 annualized dividend and a yield of two.24%. 3M’s dividend payout ratio (DPR) is at present 35.35%.
Analyst Upgrades and Downgrades
Quite a lot of analysis corporations not too long ago weighed in on MMM. Citigroup elevated their worth goal on 3M from $100.00 to $133.00 and gave the corporate a “impartial” ranking in a analysis report on Monday, July twenty ninth. StockNews.com lowered shares of 3M from a “purchase” ranking to a “maintain” ranking in a report on Monday, July twenty ninth. Royal Financial institution of Canada raised their worth goal on shares of 3M from $99.00 to $100.00 and gave the inventory an “underperform” ranking in a analysis word on Wednesday. Barclays elevated their goal worth on 3M from $160.00 to $165.00 and gave the corporate an “obese” ranking in a report on Wednesday. Lastly, Financial institution of America lifted their worth goal on 3M from $143.00 to $160.00 and gave the corporate a “purchase” ranking in a report on Wednesday. Two funding analysts have rated the inventory with a promote ranking, 5 have issued a maintain ranking and ten have issued a purchase ranking to the inventory. In accordance with information from MarketBeat, the inventory has a consensus ranking of “Maintain” and a consensus worth goal of $135.67.
Learn Our Newest Evaluation on 3M
3M Firm Profile
3M Firm offers diversified know-how providers in the US and internationally. The corporate’s Security and Industrial phase presents industrial abrasives and ending for metalworking purposes; autobody restore options; closure methods for private hygiene merchandise, masking, and packaging supplies; electrical merchandise and supplies for development and upkeep, energy distribution, and electrical authentic tools producers; structural adhesives and tapes; respiratory, listening to, eye, and fall safety options; and pure and color-coated mineral granules for shingles.
Really useful Tales
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