Mountain Pacific Investment Advisers Inc. ID increased its stake in shares of 3M Company (NYSE:MMM) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 9,678 shares of the conglomerate’s stock after buying an additional 100 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in 3M were worth $2,015,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. boosted its position in shares of 3M by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 714 shares of the conglomerate’s stock worth $128,000 after buying an additional 4 shares during the last quarter. Founders Capital Management LLC boosted its position in 3M by 0.4% in the first quarter. Founders Capital Management LLC now owns 1,939 shares of the conglomerate’s stock worth $371,000 after buying an additional 8 shares in the last quarter. Baystate Wealth Management LLC boosted its position in 3M by 0.6% in the first quarter. Baystate Wealth Management LLC now owns 1,950 shares of the conglomerate’s stock worth $370,000 after buying an additional 11 shares in the last quarter. Capital Management Corp VA boosted its stake in shares of 3M by 0.3% in the first quarter. Capital Management Corp VA now owns 3,934 shares of the conglomerate’s stock valued at $753,000 after buying an additional 11 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas boosted its stake in shares of 3M by 0.7% in the first quarter. Smith Chas P & Associates PA Cpas now owns 1,952 shares of the conglomerate’s stock valued at $374,000 after buying an additional 13 shares in the last quarter. Institutional investors own 65.74% of the company’s stock.

3M Company (NYSE MMM) traded down 0.61% during midday trading on Friday, reaching $211.16. The company had a trading volume of 2,246,238 shares. The stock has a market capitalization of $126.11 billion, a price-to-earnings ratio of 25.54 and a beta of 1.09. The company has a 50-day moving average price of $209.84 and a 200-day moving average price of $193.58. 3M Company has a one year low of $163.85 and a one year high of $214.57.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, April 25th. The conglomerate reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.09. The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.48 billion. 3M had a net margin of 16.78% and a return on equity of 44.95%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. On average, equities analysts expect that 3M Company will post $8.98 earnings per share for the current year.

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MMM has been the subject of several analyst reports. Jefferies Group LLC boosted their target price on 3M from $210.00 to $219.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Credit Suisse Group AG restated a “buy” rating on shares of 3M in a research report on Thursday, April 27th. Zacks Investment Research upgraded 3M from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a research report on Wednesday, March 29th. Stifel Nicolaus boosted their target price on 3M from $190.00 to $202.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Finally, Vetr upgraded 3M from a “sell” rating to a “hold” rating and set a $183.19 target price for the company in a research report on Friday, April 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. 3M has a consensus rating of “Hold” and a consensus price target of $201.55.

In related news, insider James L. Bauman sold 14,616 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $195.81, for a total transaction of $2,861,958.96. Following the transaction, the insider now owns 16,458 shares of the company’s stock, valued at $3,222,640.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kimberly F. Price sold 3,016 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $198.11, for a total transaction of $597,499.76. Following the transaction, the insider now directly owns 9,292 shares in the company, valued at approximately $1,840,838.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,698 shares of company stock worth $6,593,443. Insiders own 0.58% of the company’s stock.

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, electronics, 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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Institutional Ownership by Quarter for 3M (NYSE:MMM)

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