0.83 is 3M Co’s (NYSE:MMM) Big Money Sentiment

May 16, 2018 - By Darrel Chase

3M Company (NYSE:MMM) Corporate Logo

“Big money” Positions

“Big money sentiment for 3M Co (NYSE:MMM) in 2017 Q4 increased to 0.83, SEC filings reveal. So its up 0.06, from 2017Q3’s 0.77. 563 investment professionals opened new or increased holdings, while 682 decreased and sold stock positions in 3M Co so the sentiment is positive. Funds own 383.04 million shares, down from 387.06 million shares in 2017Q3. Funds holding 3M Co in top 10 changed to 101 from 92 for an increase of 9. In total 47 funds closed positions, 635 reduced and 416 increased. Also 147 funds bought new 3M Co stakes.

Largest 3M Co Shareholders

Spinnaker Trust owns 583,666 shares in 3M Co as of 2017 Q4. 3M Co’s shareholder Somerset Group Llc owns 74,822 shares as of 2017 Q4. White Pine Capital Llc reported 161,495 shares. The Georgia-based fund Acg Wealth have invested about 8.89% of the active investment manager’s stock portfolio in 3M Co. The Rhode Island-based fund Parsons Capital Management Inc Ri holds 323,575 shares or 8.48% of their long stock exposure.

3M Company operates as a diversified technology firm worldwide.The company has $118.98 billion market cap. The companyÂ’s Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; advanced ceramics; sealants; specialty materials; separation and purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products.The P/E ratio is 25.27. The Company’s Safety and Graphics Business segment provides personal protection products, traffic safety and security products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules for asphalt shingles, and fall protection products.

The stock decreased 0.99% or $2 during the last trading session, touching $200.41.3M Company has volume of 2.03 million shares. Since May 16, 2017 MMM has risen 13.36% and is uptrending. The stock outperformed the S&P500 by 1.81%.

Investors expect 3M Company (NYSE:MMM)’s quarterly earnings on July, 24., as reported by RTT. Analysts expect change of 1.94 % or $0.05 from previous year’s $2.58 EPS compared to current’s $2.63 EPS. MMM’s profit could hit $1.56 billion if the current EPS of $2.63 is accurate. 5.20 % EPS growth is what Wall Street’s sees after $2.50 reported EPS last quarter.

Glg Partners Ltd Partnership invested in 6,690 shs. Gateway Invest Advisers Ltd Limited Liability Company reported 394,927 shs. Vaughan David Investments Il accumulated 1.48% or 135,342 shs. 42,425 were reported by Birmingham Capital Mngmt Co Inc Al. Bb&T Corporation reported 104,307 shs. Blue Financial Cap accumulated 1,100 shs. 6,042 were reported by Wedgewood Invsts Incorporated Pa. Sprucegrove Inv Management owns 50,850 shs. First National Tru reported 48,428 shs. Bartlett Llc reported 0.29% of its capital in 3M Company (NYSE:MMM). Cap Advsr Ltd Limited Liability Company reported 660 shs. Oakbrook Invests Lc has 0.14% invested in 3M Company (NYSE:MMM). Sandy Spring State Bank has 0.8% invested in 3M Company (NYSE:MMM). Beese Fulmer Inv stated it has 4,404 shs or 0.22% of all its holdings. Soros Fund Mngmt Limited Liability accumulated 0.01% or 2,500 shs.

3M Company registered $30.99 million net activity with 0 insider purchases and 16 sales since January 31, 2018. $700,790 worth of 3M Company (NYSE:MMM) shs were sold by Bauman James L. $1.37M worth of 3M Company (NYSE:MMM) shs were sold by THULIN INGE G. On Friday, February 2 Vale Michael G. sold $1.54 million worth of 3M Company (NYSE:MMM) or 6,243 shs. On Thursday, February 1 $56,178 worth of 3M Company (NYSE:MMM) was sold by Vrohidis Ippocratis. 3,133 3M Company (NYSE:MMM) shs with value of $742,051 were sold by Little Frank R Jr.. Keel Paul A had sold 13,480 shs worth $3.33M.

3M Company (NYSE:MMM) Ratings Coverage

In total 12 analysts cover 3M Company (NYSE:MMM). “Buy” rating has 7, “Sell” are 3, while 2 are “Hold”. (NYSE:MMM) has 58% bullish analysts. 27 are the (NYSE:MMM)’s ratings reports on 16 May 2018 according to StockzIntelligence Inc. On Tuesday, February 13 Deutsche Bank upgraded 3M Company (NYSE:MMM) to “Buy” rating. On Wednesday, April 25 the company was maintained by Barclays Capital. On Wednesday, April 25 the company was maintained by Stifel Nicolaus. On Tuesday, December 12 the firm has “Hold” rating by RBC Capital Markets given. The company rating was maintained by RBC Capital Markets on Thursday, January 25. On Tuesday, April 3 the rating was maintained by Stifel Nicolaus with “Hold”. In Tuesday, April 24 report RBC Capital Markets maintained it with “Hold” rating and $22700 target. On Wednesday, December 13 Stifel Nicolaus maintained 3M Company (NYSE:MMM) rating. Stifel Nicolaus has “Hold” rating and $245.0 target. On Tuesday, April 24 the firm has “Buy” rating given by CFRA. On Friday, January 26 the stock has “Hold” rating by Stifel Nicolaus.

For more 3M Company (NYSE:MMM) news published recently go to: Seekingalpha.com, 247Wallst.com, Investorplace.com, Seekingalpha.com or 247Wallst.com. The titles are as follows: “3M: Pullback Has Prompted Me To Increase My Position” published on April 26, 2018, “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” on May 16, 2018, “Resistance Looms Large for 3M Co Stock — Short It!” with a publish date: May 11, 2018, “Jefferies cautious on 3M amid rate, recession fears” and the last “Why 3M Earnings Aren’t Enough” with publication date: April 24, 2018.

3M Company (NYSE:MMM) Institutional Investors Chart

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