Hartford Funding Administration Co. lessened its place in shares of 3M (NYSE:MMM – Free Report) by 2.4% within the third quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The agency owned 34,567 shares of the conglomerate’s inventory after promoting 841 shares in the course of the interval. Hartford Funding Administration Co.’s holdings in 3M have been price $4,725,000 as of its most up-to-date submitting with the Securities and Change Fee.
Quite a lot of different institutional traders and hedge funds additionally not too long ago made modifications to their positions within the firm. World Property Advisory LLC purchased a brand new place in 3M within the 1st quarter valued at roughly $1,480,000. Wealthcare Advisory Companions LLC lifted its stake in 3M by 20.7% within the 1st quarter. Wealthcare Advisory Companions LLC now owns 15,988 shares of the conglomerate’s inventory valued at $1,696,000 after buying an extra 2,741 shares over the last quarter. Buckley Wealth Administration LLC lifted its stake in 3M by 36.7% within the 1st quarter. Buckley Wealth Administration LLC now owns 29,889 shares of the conglomerate’s inventory valued at $3,170,000 after buying an extra 8,020 shares over the last quarter. Hennessy Advisors Inc. lifted its stake in 3M by 60.4% within the 1st quarter. Hennessy Advisors Inc. now owns 66,400 shares of the conglomerate’s inventory valued at $7,043,000 after buying an extra 25,000 shares over the last quarter. Lastly, Fifth Third Wealth Advisors LLC lifted its stake in 3M by 17.5% within the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,243 shares of the conglomerate’s inventory valued at $450,000 after buying an extra 631 shares over the last quarter. Institutional traders personal 65.25% of the corporate’s inventory.
3M Value Efficiency
Shares of NYSE MMM opened at $127.91 on Thursday. 3M has a twelve month low of $72.47 and a twelve month excessive of $141.34. The agency has a fifty day easy transferring common of $133.07 and a 200 day easy transferring common of $113.57. The corporate has a market capitalization of $70.78 billion, a PE ratio of -10.06, a P/E/G ratio of two.49 and a beta of 0.95. The corporate has a fast ratio of 1.08, a present ratio of 1.36 and a debt-to-equity ratio of two.95.
3M (NYSE:MMM – Get Free Report) final introduced its earnings outcomes on Tuesday, October twenty second. The conglomerate reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. 3M had a web margin of three.08% and a return on fairness of 112.92%. The enterprise had income of $6.29 billion in the course of the quarter, in comparison with the consensus estimate of $6.06 billion. Throughout the identical quarter final 12 months, the agency earned $2.68 earnings per share. 3M’s quarterly income was down 24.3% on a year-over-year foundation. On common, sell-side analysts forecast that 3M will submit 7.24 EPS for the present 12 months.
3M Pronounces Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Thursday, September twelfth. Shareholders of report on Monday, August twenty sixth have been paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of two.19%. The ex-dividend date of this dividend was Monday, August twenty sixth. 3M’s dividend payout ratio (DPR) is at the moment -22.01%.
Analyst Upgrades and Downgrades
MMM has been the topic of a number of analysis experiences. Citigroup elevated their worth goal on shares of 3M from $100.00 to $133.00 and gave the corporate a “impartial” ranking in a analysis be aware on Monday, July twenty ninth. Mizuho raised their worth goal on shares of 3M from $105.00 to $146.00 and gave the corporate a “impartial” ranking in a analysis be aware on Thursday, October seventeenth. Wells Fargo & Firm raised their worth goal on shares of 3M from $130.00 to $140.00 and gave the corporate an “equal weight” ranking in a analysis be aware on Monday, October seventh. Morgan Stanley initiated protection on shares of 3M in a analysis be aware on Friday, September sixth. They set an “underweight” ranking and a $125.00 worth goal for the corporate. Lastly, Melius raised shares of 3M from a “maintain” ranking to a “purchase” ranking in a analysis be aware on Tuesday. Two analysis analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking and ten have issued a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat, the corporate at the moment has a mean ranking of “Maintain” and a mean worth goal of $135.67.
Examine Out Our Newest Inventory Evaluation on 3M
Insider Shopping for and Promoting at 3M
In different 3M information, CFO Theresa E. Reinseth bought 2,100 shares of 3M inventory in a transaction on Tuesday, August sixth. The shares have been bought at a mean worth of $124.12, for a complete worth of $260,652.00. Following the completion of the sale, the chief monetary officer now straight owns 4,364 shares of the corporate’s inventory, valued at roughly $541,659.68. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. In different 3M information, Chairman Michael F. Roman bought 5,675 shares of 3M inventory in a transaction on Wednesday, August seventh. The shares have been bought at a mean worth of $123.46, for a complete worth of $700,635.50. Following the completion of the sale, the chairman now straight owns 174,036 shares of the corporate’s inventory, valued at roughly $21,486,484.56. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. Additionally, CFO Theresa E. Reinseth bought 2,100 shares of the enterprise’s inventory in a transaction dated Tuesday, August sixth. The inventory was bought at a mean worth of $124.12, for a complete transaction of $260,652.00. Following the sale, the chief monetary officer now straight owns 4,364 shares of the corporate’s inventory, valued at roughly $541,659.68. The commerce was a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. Insiders personal 0.34% of the corporate’s inventory.
About 3M
3M Firm gives diversified expertise companies in the US and internationally. The corporate’s Security and Industrial phase gives industrial abrasives and ending for metalworking purposes; autobody restore options; closure techniques for private hygiene merchandise, masking, and packaging supplies; electrical merchandise and supplies for building and upkeep, energy distribution, and electrical authentic 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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