Investors purchased shares of 3M Co. (NYSE:MMM) on weakness during trading on Thursday. $53.26 million flowed into the stock on the tick-up and $36.36 million flowed out of the stock on the tick-down, for a money net flow of $16.90 million into the stock. Of all companies tracked, 3M had the 29th highest net in-flow for the day. 3M traded down ($0.69) for the day and closed at $179.18

Several equities research analysts have recently issued reports on MMM shares. Zacks Investment Research cut shares of 3M from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Morgan Stanley reiterated a “sell” rating on shares of 3M in a research report on Friday, June 10th. Sanford C. Bernstein reiterated a “market perform” rating on shares of 3M in a research report on Monday, June 27th. Jefferies Group reiterated a “buy” rating on shares of 3M in a research report on Wednesday, July 6th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of 3M in a research report on Sunday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $163.32.

The stock has a market capitalization of $108.30 billion and a P/E ratio of 22.87. The company has a 50-day moving average of $178.74 and a 200-day moving average of $168.18.

3M (NYSE:MMM) last released its quarterly earnings data on Tuesday, July 26th. The company reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.01. The company earned $7.70 billion during the quarter, compared to analysts’ expectations of $7.73 billion. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.02 EPS. On average, equities research analysts anticipate that 3M Co. will post $8.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 19th will be paid a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, August 17th.

In other news, insider Paul A. Keel sold 3,180 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $178.39, for a total transaction of $567,280.20. Following the completion of the transaction, the insider now directly owns 9,961 shares of the company’s stock, valued at approximately $1,776,942.79. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Khandpur K. Ashish sold 1,679 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $178.39, for a total value of $299,516.81. Following the transaction, the vice president now directly owns 1,011 shares of the company’s stock, valued at $180,352.29. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in shares of 3M by 6.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,215,446 shares of the company’s stock valued at $333,735,000 after buying an additional 127,309 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of 3M by 196.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,630 shares of the company’s stock valued at $10,188,000 after buying an additional 44,850 shares during the last quarter. Farr Miller & Washington LLC DC increased its position in shares of 3M by 0.9% in the fourth quarter. Farr Miller & Washington LLC DC now owns 23,701 shares of the company’s stock valued at $3,570,000 after buying an additional 201 shares during the last quarter. Calvert Investment Management Inc. increased its position in shares of 3M by 33.5% in the fourth quarter. Calvert Investment Management Inc. now owns 44,963 shares of the company’s stock valued at $6,773,000 after buying an additional 11,275 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of 3M by 2.6% in the fourth quarter. American International Group Inc. now owns 344,574 shares of the company’s stock valued at $51,908,000 after buying an additional 8,706 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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