Quest Companions LLC lifted its holdings in shares of 3M (NYSE:MMM – Free Report) by 94.2% through the 2nd quarter, in accordance with its most up-to-date 13F submitting with the SEC. The institutional investor owned 12,463 shares of the conglomerate’s inventory after buying an extra 6,044 shares through the interval. Quest Companions LLC’s holdings in 3M have been value $1,274,000 on the finish of the latest reporting interval.
Different institutional traders have additionally just lately added to or lowered their stakes within the firm. Tributary Capital Administration LLC bought a brand new stake in shares of 3M within the 1st quarter valued at about $25,000. Monetary Synergies Wealth Advisors Inc. elevated its place in 3M by 419.1% through the first quarter. Monetary Synergies Wealth Advisors Inc. now owns 244 shares of the conglomerate’s inventory value $26,000 after shopping for an extra 197 shares through the interval. MFA Wealth Advisors LLC acquired a brand new stake in shares of 3M within the second quarter valued at roughly $28,000. Northwest Funding Counselors LLC bought a brand new place in shares of 3M through the first quarter value roughly $32,000. Lastly, TruNorth Capital Administration LLC acquired a brand new place in shares of 3M within the 2nd quarter valued at $33,000. Hedge funds and different institutional traders personal 65.25% of the corporate’s inventory.
3M Worth Efficiency
Shares of NYSE:MMM opened at $128.46 on Tuesday. The agency has a market capitalization of $70.57 billion, a price-to-earnings ratio of -10.10, a price-to-earnings-growth ratio of two.38 and a beta of 0.95. The corporate has a debt-to-equity ratio of two.95, a present ratio of 1.36 and a fast ratio of 1.08. The enterprise’s 50 day easy shifting common is $119.04 and its 200-day easy shifting common is $105.43. 3M has a 12 month low of $71.12 and a 12 month excessive of $134.99.
3M (NYSE:MMM – Get Free Report) final posted its earnings outcomes on Friday, July twenty sixth. The conglomerate reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.25. The corporate had income of $6.26 billion for the quarter, in comparison with the consensus estimate of $5.85 billion. 3M had a return on fairness of 112.92% and a web margin of three.08%. Throughout the identical interval within the earlier yr, the enterprise earned $2.17 earnings per share. As a gaggle, equities analysts forecast that 3M will submit 7.2 earnings per share for the present fiscal yr.
3M Dividend Announcement
The agency additionally just lately introduced a quarterly dividend, which might be paid on Thursday, September twelfth. Shareholders of report on Monday, August twenty sixth might be issued a dividend of $0.70 per share. The ex-dividend date is Monday, August twenty sixth. This represents a $2.80 annualized dividend and a yield of two.18%. 3M’s dividend payout ratio (DPR) is presently -22.01%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reviews on MMM. Wells Fargo & Firm lifted their value goal on shares of 3M from $100.00 to $110.00 and gave the corporate an “equal weight” ranking in a analysis be aware on Wednesday, July tenth. Royal Financial institution of Canada upped their value goal on 3M from $93.00 to $95.00 and gave the corporate an “underperform” ranking in a analysis be aware on Monday, July twenty ninth. Vertical Analysis upgraded 3M from a “maintain” ranking to a “purchase” ranking and lifted their goal value for the corporate from $92.00 to $140.00 in a analysis be aware on Thursday, Could sixteenth. Wolfe Analysis upgraded 3M from a “peer carry out” ranking to an “outperform” ranking and set a $125.00 value goal for the corporate in a analysis be aware on Thursday, June thirteenth. Lastly, Deutsche Financial institution Aktiengesellschaft upgraded shares of 3M from a “maintain” ranking to a “purchase” ranking and lifted their value goal for the corporate from $110.00 to $150.00 in a analysis report on Monday, July twenty ninth. Two equities analysis analysts have rated the inventory with a promote ranking, 5 have assigned a maintain ranking and eight have assigned a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the inventory presently has a mean ranking of “Maintain” and a consensus value goal of $124.43.
View Our Newest Inventory Report on MMM
Insiders Place Their Bets
In different 3M information, Chairman Michael F. Roman offered 5,675 shares of the inventory in a transaction on Wednesday, August seventh. The inventory was offered at a mean value of $123.46, for a complete transaction of $700,635.50. Following the sale, the chairman now owns 174,036 shares within the firm, valued at roughly $21,486,484.56. The sale was disclosed in a authorized submitting with the SEC, which is on the market by way of this hyperlink. In different information, Chairman Michael F. Roman offered 5,675 shares of the corporate’s inventory in a transaction on Wednesday, August seventh. The inventory was offered at a mean value of $123.46, for a complete worth of $700,635.50. Following the sale, the chairman now instantly owns 174,036 shares within the firm, valued at $21,486,484.56. The sale was disclosed in a doc filed with the Securities & Change Fee, which might be accessed by way of this hyperlink. Additionally, CFO Theresa E. Reinseth offered 2,100 shares of the inventory in a transaction on Tuesday, August sixth. The shares have been offered at a mean value of $124.12, for a complete worth of $260,652.00. Following the sale, the chief monetary officer now instantly owns 4,364 shares within the firm, valued at roughly $541,659.68. The disclosure for this sale might be discovered right here. 0.34% of the inventory is presently owned by firm insiders.
3M Profile
3M Firm offers diversified expertise providers in the USA and internationally. The corporate’s Security and Industrial section affords industrial abrasives and ending for metalworking functions; autobody restore options; closure programs for private hygiene merchandise, masking, and packaging supplies; electrical merchandise and supplies for development and upkeep, energy distribution, and electrical unique gear producers; structural adhesives and tapes; respiratory, listening to, eye, and fall safety options; and pure and color-coated mineral granules for shingles.
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