3M Co. (NYSE:MMM)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $181.32 and last traded at $180.53, with a volume of 814,468 shares. The stock had previously closed at $179.21.

A number of research firms recently commented on MMM. Credit Suisse Group AG reaffirmed a “buy” rating on shares of 3M in a research note on Sunday. Jefferies Group reaffirmed a “buy” rating on shares of 3M in a research note on Wednesday, July 6th. Citigroup Inc. reaffirmed a “buy” rating and issued a $191.00 price objective (up previously from $168.00) on shares of 3M in a research note on Tuesday, April 19th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of 3M in a research note on Monday, June 27th. Finally, Morgan Stanley reaffirmed a “sell” rating on shares of 3M in a research note on Friday, June 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. 3M has an average rating of “Hold” and an average price target of $161.11.

The company has a 50-day moving average of $171.44 and a 200 day moving average of $161.94. The stock has a market cap of $109.43 billion and a PE ratio of 23.19.

3M (NYSE:MMM) last released its quarterly earnings results on Tuesday, April 26th. The company reported $2.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.13. The company earned $7.41 billion during the quarter, compared to analyst estimates of $7.33 billion. During the same quarter last year, the company earned $1.85 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Analysts expect that 3M Co. will post $8.25 earnings per share for the current fiscal year.

In related news, EVP Joaquin Delgado sold 17,996 shares of the stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $166.81, for a total transaction of $3,001,912.76. Following the completion of the transaction, the executive vice president now owns 28,474 shares in the company, valued at $4,749,747.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nicholas C. Gangestad sold 2,612 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $166.52, for a total transaction of $434,950.24. Following the transaction, the chief financial officer now owns 20,240 shares of the company’s stock, valued at approximately $3,370,364.80. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have made changes to their positions in the company. Cobblestone Capital Advisors LLC NY boosted its position in shares of 3M by 4.8% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 6,643 shares of the company’s stock valued at $1,001,000 after buying an additional 306 shares during the last quarter. Cim Investment Mangement Inc. acquired a new position in shares of 3M during the fourth quarter valued at approximately $1,006,000. Motco boosted its position in shares of 3M by 0.3% in the fourth quarter. Motco now owns 7,417 shares of the company’s stock valued at $1,117,000 after buying an additional 25 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its position in shares of 3M by 10.7% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 7,563 shares of the company’s stock valued at $1,139,000 after buying an additional 731 shares during the last quarter. Finally, IFC Holdings Incorporated FL boosted its position in shares of 3M by 2.9% in the fourth quarter. IFC Holdings Incorporated FL now owns 7,926 shares of the company’s stock valued at $1,196,000 after buying an additional 227 shares during the last quarter.

3M Company is a technology company. 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. Its Safety and Graphics segment serves markets for the safety, security and productivity of people, facilities and systems.

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