KBC Group NV boosted its position in 3M Company (NYSE:MMM) by 16.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,742 shares of the conglomerate's stock after selling 1,398 shares during the period. 3M comprises about 4.6% of Harvey Investment Co. LLC's holdings, making the stock its 5th largest position. It is positive, as 45 investors sold MMM shares while 589 reduced holdings. MPS Loria Financial Planners LLC acquired a new position in 3M during the second quarter worth $124,000. Proficio Capital Partners LLC now owns 663 shares of the conglomerate's stock worth $131,000 after buying an additional 404 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its holdings in 3M by 0.6% during the first quarter. Valley National Advisers Inc. now owns 2,391 shares of the company's stock worth $419,000 after buying an additional 7 shares during the last quarter. Harfst & Associates Inc. grew its stake in shares of 3M by 17.0% during the second quarter. Harfst & Associates Inc. now owns 688 shares of the conglomerate's stock worth $143,000 after purchasing an additional 100 shares in the last quarter.
Blue Edge Capital Llc, which manages about $153.03M and $212.02 million US Long portfolio, decreased its stake in Newmarket Corp (NYSE:NEU) by 14 shares to 8,385 shares, valued at $3.86 billion in 2017Q2, according to the filing. Institutional investors and hedge funds own 63.20% of the company's stock.
Shares of 3M Company (NYSE MMM) traded up 0.95% on Friday, hitting $221.32. The stock was trading at a distance of -0.08% from its 52-week highs and stands 34.02% away from its 52-week lows.
The stock's 50-day moving average price is $211.56 and its 200 day moving average price is $204.86. The firm has a market cap of $130.26 billion, a PE ratio of 24.90 and a beta of 1.09.
3M (NYSE:MMM) last issued its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $2.58 EPS for the quarter, missing the consensus estimate of $2.59 by ($0.01). The firm had revenue of $7.81 billion for the quarter, compared to the consensus estimate of $7.86 billion. 3M Company had a return on equity of 42.27% and a net margin of 16.40%. The company's revenue for the quarter was up 1.9% compared to the same quarter a year ago. During the same period in the prior year, the business posted $2.08 EPS. 3M Company (MMM)'s Williams Percent Range or 14 day Williams %R now sits at -8.32.
In other news, insider Julie L. Bushman sold 10,771 shares of the company's stock in a transaction dated Friday, November 4th. Zacks Investment Research cut shares of 3M from a "hold" rating to a "sell" rating in a research note on Tuesday, October 3rd. Following the completion of the sale, the insider now owns 5,503 shares of the company's stock, valued at approximately $1,134,498.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Eric D. Hammes sold 1,428 shares of 3M stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $206.16, for a total value of $1,023,584.40. Following the sale, the vice president now owns 3,066 shares of the company's stock, valued at $633,619.56. The shares were sold at an average price of $206.03, for a total value of $560,195.57. The stock increased 0.45% or $0.99 during the last trading session, reaching $219.24. Morgan Stanley restated an "underweight" rating and issued a $191.00 target price (down from $193.00) on shares of 3M in a report on Monday, July 10th. On Wednesday, July 19 the stock rating was maintained by Stifel Nicolaus with "Hold". Bank of America Corporation reissued a "buy" rating and issued a $227.00 price target on shares of 3M in a research report on Thursday, September 14th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company now has a consensus rating of "Hold" and an average price target of $209.77. On Thursday, May 11 Bauman James L sold $2.86M worth of 3M Co (NYSE:MMM) or 14,616 shares. "LLC" was first published by Week Herald and is owned by of Week Herald. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and global copyright and trademark laws. California-based Montecito Bank & Trust & has invested 0.49% in 3M Co (NYSE:MMM). The Company operates through five segments. Its Industrial segment serves markets, such as automotive original equipment manufacturer and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction.