Bahl & Gaynor Inc. raised its stake in 3M (NYSE:MMM – Free Report) by 6.1% throughout the 2nd quarter, based on its most up-to-date Type 13F submitting with the Securities and Trade Fee (SEC). The agency owned 12,746 shares of the conglomerate’s inventory after buying an extra 728 shares throughout the quarter. Bahl & Gaynor Inc.’s holdings in 3M have been price $1,303,000 on the finish of the newest quarter.
Various different hedge funds and different institutional traders additionally just lately modified their holdings of MMM. Fortis Capital Advisors LLC lifted its place in 3M by 2.9% throughout the 2nd quarter. Fortis Capital Advisors LLC now owns 3,001 shares of the conglomerate’s inventory price $307,000 after buying an extra 84 shares within the final quarter. AMG Nationwide Belief Financial institution raised its stake in shares of 3M by 3.1% throughout the second quarter. AMG Nationwide Belief Financial institution now owns 3,326 shares of the conglomerate’s inventory valued at $340,000 after buying an extra 100 shares throughout the interval. Platinum Funding Administration Ltd. lifted its place in shares of 3M by 11.4% throughout the first quarter. Platinum Funding Administration Ltd. now owns 1,020 shares of the conglomerate’s inventory price $108,000 after buying an extra 104 shares within the final quarter. Geneos Wealth Administration Inc. boosted its stake in shares of 3M by 2.0% within the first quarter. Geneos Wealth Administration Inc. now owns 5,302 shares of the conglomerate’s inventory valued at $562,000 after buying an extra 105 shares throughout the interval. Lastly, Fragasso Monetary Advisors Inc grew its holdings in 3M by 4.2% throughout the 2nd quarter. Fragasso Monetary Advisors Inc now owns 2,638 shares of the conglomerate’s inventory valued at $270,000 after buying an extra 106 shares within the final quarter. Institutional traders and hedge funds personal 65.25% of the corporate’s inventory.
Analyst Upgrades and Downgrades
MMM has been the topic of a lot of analyst experiences. Citigroup upped their value goal on shares of 3M from $100.00 to $133.00 and gave the corporate a “impartial” ranking in a analysis report on Monday, July twenty ninth. Royal Financial institution of Canada elevated their value goal on 3M from $93.00 to $95.00 and gave the corporate an “underperform” ranking in a report on Monday, July twenty ninth. Financial institution of America lifted their value goal on 3M from $120.00 to $143.00 and gave the inventory a “purchase” ranking in a report on Monday, July twenty ninth. StockNews.com lower 3M from a “purchase” ranking to a “maintain” ranking in a analysis be aware on Monday, July twenty ninth. Lastly, Wells Fargo & Firm lifted their value goal on shares of 3M from $100.00 to $110.00 and gave the inventory an “equal weight” ranking in a analysis be aware on Wednesday, July tenth. Two funding analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking and eight have given a purchase ranking to the corporate. Based on MarketBeat.com, 3M presently has a median ranking of “Maintain” and a median value goal of $124.43.
Verify Out Our Newest Inventory Report on MMM
Insider Shopping for and Promoting at 3M
In different 3M information, CFO Theresa E. Reinseth bought 2,100 shares of the agency’s inventory in a transaction that occurred on Tuesday, August sixth. The shares have been bought at a median value of $124.12, for a complete worth of $260,652.00. Following the sale, the chief monetary officer now owns 4,364 shares within the firm, valued at $541,659.68. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is on the market via the SEC web site. In different 3M information, Chairman Michael F. Roman bought 5,675 shares of 3M inventory in a transaction on Wednesday, August seventh. The inventory was bought at a median value of $123.46, for a complete transaction of $700,635.50. Following the sale, the chairman now owns 174,036 shares of the corporate’s inventory, valued at roughly $21,486,484.56. The sale was disclosed in a doc filed with the Securities & Trade Fee, which may be accessed via this hyperlink. Additionally, CFO Theresa E. Reinseth bought 2,100 shares of the inventory in a transaction on Tuesday, August sixth. The inventory was bought at a median value of $124.12, for a complete worth of $260,652.00. Following the completion of the transaction, the chief monetary officer now immediately owns 4,364 shares of the corporate’s inventory, valued at roughly $541,659.68. The disclosure for this sale may be discovered right here. 0.34% of the inventory is at present owned by firm insiders.
3M Inventory Up 1.4 %
NYSE:MMM opened at $132.03 on Friday. The corporate has a present ratio of 1.36, a fast ratio of 1.08 and a debt-to-equity ratio of two.95. The inventory has a 50 day transferring common of $120.79 and a 200-day transferring common of $106.05. The agency has a market capitalization of $73.06 billion, a PE ratio of -10.38, a price-to-earnings-growth ratio of two.38 and a beta of 0.95. 3M has a 52 week low of $71.12 and a 52 week excessive of $134.99.
3M (NYSE:MMM – Get Free Report) final issued its quarterly earnings information 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 agency had income of $6.26 billion throughout the quarter, in comparison with the consensus estimate of $5.85 billion. 3M had a return on fairness of 112.92% and a internet margin of three.08%. Throughout the identical interval within the prior 12 months, the enterprise earned $2.17 EPS. Analysts predict that 3M will publish 7.2 EPS for the present 12 months.
3M Dividend Announcement
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Thursday, September twelfth. Buyers of file on Monday, August twenty sixth got a $0.70 dividend. The ex-dividend date was Monday, August twenty sixth. This represents a $2.80 annualized dividend and a yield of two.12%. 3M’s dividend payout ratio is presently -22.01%.
3M Profile
3M Firm offers diversified expertise companies in the USA and internationally. The corporate’s Security and Industrial section presents industrial abrasives and ending for metalworking purposes; 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 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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