Traders bought shares of 3M Co. (NYSE:MMM) on weakness during trading on Thursday. $93.29 million flowed into the stock on the tick-up and $70.94 million flowed out of the stock on the tick-down, for a money net flow of $22.35 million into the stock. Of all stocks tracked, 3M had the 14th highest net in-flow for the day. 3M traded down ($0.29) for the day and closed at $177.98

A number of equities research analysts have recently issued reports on the stock. Jefferies Group reiterated a “buy” rating on shares of 3M in a research report on Wednesday, July 6th. Zacks Investment Research downgraded shares of 3M from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Citigroup Inc. reiterated a “buy” rating and set a $191.00 price target (up from $168.00) on shares of 3M in a research report on Tuesday, April 19th. Morgan Stanley reiterated a “sell” rating on shares of 3M in a research report on Friday, June 10th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of 3M in a research report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. 3M currently has an average rating of “Hold” and a consensus target price of $163.32.

The firm has a market capitalization of $107.80 billion and a P/E ratio of 22.76. The firm’s 50-day moving average is $174.97 and its 200 day moving average is $164.58.

3M (NYSE:MMM) last posted its earnings results on Tuesday, July 26th. The company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.07 by $0.01. The firm earned $7.70 billion during the quarter, compared to the consensus estimate of $7.73 billion. 3M’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company posted $2.02 EPS. Analysts anticipate that 3M Co. will post $8.23 earnings per share for the current fiscal year.

In other news, CEO Inge G. Thulin sold 13,947 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $169.93, for a total value of $2,370,013.71. Following the completion of the transaction, the chief executive officer now directly owns 196,183 shares in the company, valued at $33,337,377.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nicholas C. Gangestad sold 2,612 shares of the stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $166.52, for a total transaction of $434,950.24. Following the completion of the transaction, the chief financial officer now owns 20,240 shares of the company’s stock, valued at $3,370,364.80. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the stock. OppenheimerFunds Inc. boosted its position in 3M by 1.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,726,472 shares of the company’s stock valued at $260,090,000 after buying an additional 18,896 shares during the period. Dimensional Fund Advisors LP boosted its position in 3M by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,308,245 shares of the company’s stock valued at $197,084,000 after buying an additional 88,070 shares during the period. Principal Financial Group Inc. boosted its position in 3M by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 838,407 shares of the company’s stock valued at $126,297,000 after buying an additional 3,479 shares during the period. Coho Partners Ltd. boosted its position in 3M by 1.5% in the fourth quarter. Coho Partners Ltd. now owns 508,706 shares of the company’s stock valued at $76,631,000 after buying an additional 7,585 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in 3M by 14.1% in the fourth quarter. Teacher Retirement System of Texas now owns 450,376 shares of the company’s stock valued at $67,845,000 after buying an additional 55,791 shares during the period.

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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