Aull & Monroe Investment Management Corp Has $742,000 Stake in 3M Co. (MMM)
Aull & Monroe Investment Management Corp held its position in shares of 3M Co. (NYSE:MMM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,237 shares of the company’s stock at the end of the second quarter. Aull & Monroe Investment Management Corp’s holdings in 3M were worth $742,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Joel Isaacson & Co. LLC increased its stake in 3M by 84.3% in the second quarter. Joel Isaacson & Co. LLC now owns 7,573 shares of the company’s stock valued at $1,326,000 after buying an additional 3,464 shares during the last quarter. Capstone Asset Management Co. increased its stake in 3M by 2.0% in the second quarter. Capstone Asset Management Co. now owns 144,584 shares of the company’s stock worth $25,319,000 after buying an additional 2,879 shares in the last quarter. S&CO Inc. increased its stake in 3M by 1.2% in the second quarter. S&CO Inc. now owns 68,419 shares of the company’s stock worth $11,982,000 after buying an additional 800 shares in the last quarter. CIBC World Markets Inc. increased its stake in 3M by 5.1% in the second quarter. CIBC World Markets Inc. now owns 81,913 shares of the company’s stock worth $14,345,000 after buying an additional 3,988 shares in the last quarter. Finally, Charter Trust Co. increased its stake in 3M by 1.0% in the second quarter. Charter Trust Co. now owns 92,631 shares of the company’s stock worth $16,221,000 after buying an additional 951 shares in the last quarter. Hedge funds and other institutional investors own 65.66% of the company’s stock.
3M Co. (NYSE:MMM) opened at 170.21 on Tuesday. The company has a market cap of $102.87 billion, a P/E ratio of 21.72 and a beta of 0.99. 3M Co. has a 12 month low of $134.64 and a 12 month high of $182.27. The firm has a 50-day moving average price of $175.82 and a 200 day moving average price of $173.41.
3M (NYSE:MMM) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.01. The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.73 billion. 3M had a return on equity of 41.84% and a net margin of 16.29%. 3M’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.02 earnings per share. Equities research analysts predict that 3M Co. will post $8.21 EPS for the current year.
A number of equities research analysts have issued reports on MMM shares. Credit Suisse Group AG restated a “buy” rating on shares of 3M in a research note on Sunday, July 10th. Jefferies Group reaffirmed a “buy” rating on shares of 3M in a research report on Wednesday, July 6th. Zacks Investment Research cut 3M from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of 3M in a research report on Monday, June 27th. Finally, Morgan Stanley reaffirmed a “sell” rating and set a $168.00 price objective on shares of 3M in a research report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. 3M has a consensus rating of “Hold” and a consensus target price of $166.20.
In other news, insider James L. Bauman sold 9,066 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $178.42, for a total value of $1,617,555.72. Following the transaction, the insider now owns 10,834 shares in the company, valued at $1,933,002.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Khandpur K. Ashish sold 1,679 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $178.39, for a total value of $299,516.81. Following the completion of the transaction, the vice president now owns 1,011 shares in the company, valued at approximately $180,352.29. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
3M Company Profile
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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