Traders bought shares of 3M Co (NYSE:MMM) on weakness during trading hours on Tuesday. $144.22 million flowed into the stock on the tick-up and $82.95 million flowed out of the stock on the tick-down, for a money net flow of $61.27 million into the stock. Of all companies tracked, 3M had the 5th highest net in-flow for the day. 3M traded down ($0.99) for the day and closed at $246.31

MMM has been the topic of a number of recent analyst reports. ValuEngine cut shares of 3M from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research cut shares of 3M from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Hilliard Lyons raised shares of 3M from a “neutral” rating to a “buy” rating and set a $285.00 price objective on the stock in a research note on Wednesday. Citigroup reaffirmed a “buy” rating and set a $250.00 target price (up previously from $228.00) on shares of 3M in a research note on Monday, October 9th. Finally, Royal Bank of Canada boosted their target price on shares of 3M from $205.00 to $209.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $241.45.

The firm has a market cap of $147,530.00, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 2.07.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.12. 3M had a net margin of 17.71% and a return on equity of 48.55%. The firm had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the prior year, the business earned $2.15 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. analysts expect that 3M Co will post 9.1 earnings per share for the current year.

In other news, insider Jon T. Lindekugel sold 400 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $230.06, for a total transaction of $92,024.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ippocratis Vrohidis sold 1,725 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $230.34, for a total transaction of $397,336.50. Following the sale, the chief accounting officer now directly owns 898 shares of the company’s stock, valued at $206,845.32. The disclosure for this sale can be found here. Insiders have sold 22,804 shares of company stock worth $5,303,706 in the last quarter. Company insiders own 0.58% of the company’s stock.

Several large investors have recently bought and sold shares of MMM. Beach Investment Management LLC. bought a new stake in shares of 3M during the second quarter worth about $3,165,000. Martingale Asset Management L P increased its position in shares of 3M by 0.5% during the second quarter. Martingale Asset Management L P now owns 241,311 shares of the conglomerate’s stock worth $50,240,000 after acquiring an additional 1,100 shares in the last quarter. Vantage Investment Advisors LLC increased its position in shares of 3M by 8.6% during the second quarter. Vantage Investment Advisors LLC now owns 26,652 shares of the conglomerate’s stock worth $5,549,000 after acquiring an additional 2,112 shares in the last quarter. Manitou Investment Management Ltd. increased its position in shares of 3M by 6.6% during the second quarter. Manitou Investment Management Ltd. now owns 16,730 shares of the conglomerate’s stock worth $3,483,000 after acquiring an additional 1,040 shares in the last quarter. Finally, AJO LP bought a new stake in shares of 3M during the second quarter worth about $500,000. 66.29% of the stock is owned by institutional investors.

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About 3M

3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

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