Gateway Funding Advisers LLC raised its place in 3M (NYSE:MMM – Free Report) by 58.3% through the third quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The fund owned 6,470 shares of the conglomerate’s inventory after buying an extra 2,382 shares through the interval. Gateway Funding Advisers LLC’s holdings in 3M have been price $884,000 as of its most up-to-date submitting with the Securities and Change Fee.
Quite a lot of different giant traders additionally lately modified their holdings of MMM. Tributary Capital Administration LLC acquired a brand new stake in 3M through the 1st quarter price $25,000. Monetary Synergies Wealth Advisors Inc. lifted its stake in shares of 3M by 419.1% within the 1st quarter. Monetary Synergies Wealth Advisors Inc. now owns 244 shares of the conglomerate’s inventory price $26,000 after buying an extra 197 shares through the interval. MFA Wealth Advisors LLC acquired a brand new stake in shares of 3M within the 2nd quarter price $28,000. Daymark Wealth Companions LLC lifted its stake 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 price $30,000 after buying an extra 17,211 shares through the interval. Lastly, Meeder Asset Administration Inc. lifted its stake in shares of 3M by 689.7% within the 2nd quarter. Meeder Asset Administration Inc. now owns 308 shares of the conglomerate’s inventory price $31,000 after buying an extra 269 shares through the interval. 65.25% of the inventory is owned by hedge funds and different institutional traders.
3M Inventory Up 1.0 %
Shares of NYSE:MMM opened at $134.75 on Monday. 3M has a 52 week low of $71.12 and a 52 week excessive of $140.72. The corporate has a debt-to-equity ratio of two.95, a fast ratio of 1.08 and a present ratio of 1.36. The corporate’s fifty day transferring common is $131.53 and its 200-day transferring common is $111.55. The corporate has a market capitalization of $74.57 billion, a PE ratio of -10.59, a P/E/G ratio of two.49 and a beta of 0.95.
3M (NYSE:MMM – Get Free Report) final issued its quarterly earnings outcomes on Friday, July twenty sixth. The conglomerate reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.25. 3M had a internet margin of three.08% and a return on fairness of 112.92%. The enterprise had income of $6.26 billion for the quarter, in comparison with the consensus estimate of $5.85 billion. Throughout the identical quarter within the prior yr, the corporate earned $2.17 EPS. Equities analysis analysts predict that 3M will put up 7.24 earnings per share for the present fiscal yr.
3M Pronounces Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Thursday, September twelfth. Buyers of document on Monday, August twenty sixth have been paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, August twenty sixth. This represents a $2.80 dividend on an annualized foundation and a yield of two.08%. 3M’s payout ratio is -22.01%.
Insider Shopping for and Promoting
In different 3M information, Chairman Michael F. Roman bought 5,675 shares of the corporate’s inventory in a transaction that occurred on Wednesday, August seventh. The inventory was bought at a mean worth of $123.46, for a complete transaction of $700,635.50. Following the completion of the transaction, the chairman now owns 174,036 shares of the corporate’s inventory, valued at $21,486,484.56. This represents a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the SEC, which is offered by way of this hyperlink. In different 3M information, CFO Theresa E. Reinseth bought 2,100 shares of the inventory in a transaction on Tuesday, August sixth. The inventory was bought at a mean worth of $124.12, for a complete transaction of $260,652.00. Following the transaction, the chief monetary officer now owns 4,364 shares within the firm, valued at $541,659.68. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a submitting with the Securities & Change Fee, which is offered at this hyperlink. Additionally, Chairman Michael F. Roman bought 5,675 shares of the inventory in a transaction on Wednesday, August seventh. The inventory was bought at a mean worth of $123.46, for a complete worth of $700,635.50. Following the transaction, the chairman now owns 174,036 shares within the firm, valued at $21,486,484.56. The commerce was a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. 0.34% of the inventory is owned by firm insiders.
Analyst Rankings Adjustments
Quite a lot of equities analysts have lately issued experiences on MMM shares. Wells Fargo & Firm elevated their worth goal on shares of 3M from $130.00 to $140.00 and gave the corporate an “equal weight” score in a report on Monday, October seventh. Citigroup elevated their worth goal on shares of 3M from $100.00 to $133.00 and gave the corporate a “impartial” score in a report on Monday, July twenty ninth. Royal Financial institution of Canada elevated their worth goal on shares of 3M from $93.00 to $95.00 and gave the corporate an “underperform” score in a report on Monday, July twenty ninth. Financial institution of America raised their goal worth on shares of 3M from $120.00 to $143.00 and gave the corporate a “purchase” score in a report on Monday, July twenty ninth. Lastly, Morgan Stanley initiated protection on shares of 3M in a analysis report on Friday, September sixth. They issued an “underweight” score and a $125.00 worth goal for the corporate. Two funding analysts have rated the inventory with a promote score, 5 have given a maintain score and eight have assigned a purchase score to the corporate. In accordance with MarketBeat, the inventory has a consensus score of “Maintain” and a consensus goal worth of $127.64.
3M Firm Profile
3M Firm offers diversified expertise companies in america and internationally. The corporate’s Security and Industrial section provides 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 unique tools 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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