Alpha Windward LLC lifted its position in 3M Co (NYSE:MMM) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,441 shares of the conglomerate’s stock after acquiring an additional 204 shares during the quarter. Alpha Windward LLC’s holdings in 3M were worth $339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sawyer & Company Inc bought a new stake in shares of 3M in the 4th quarter worth $138,000. MPS Loria Financial Planners LLC bought a new stake in shares of 3M in the 2nd quarter worth $124,000. Hoertkorn Richard Charles bought a new position in 3M during the third quarter valued at about $126,000. Harfst & Associates Inc. grew its position in 3M by 17.0% during the second quarter. Harfst & Associates Inc. now owns 688 shares of the conglomerate’s stock valued at $143,000 after buying an additional 100 shares during the period. Finally, Mascoma Wealth Management LLC grew its position in 3M by 87.5% during the third quarter. Mascoma Wealth Management LLC now owns 750 shares of the conglomerate’s stock valued at $157,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 66.23% of the company’s stock.

In other news, insider Jon T. Lindekugel sold 400 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $230.06, for a total value of $92,024.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Ivan K. Fong sold 2,348 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $233.12, for a total transaction of $547,365.76. Following the completion of the sale, the vice president now directly owns 24,479 shares in the company, valued at $5,706,544.48. The disclosure for this sale can be found here. Insiders have sold 22,804 shares of company stock valued at $5,303,706 in the last quarter. Company insiders own 0.58% of the company’s stock.

Several research firms recently weighed in on MMM. JPMorgan Chase & Co. restated an “underweight” rating and set a $221.00 price target (up previously from $208.00) on shares of 3M in a research report on Thursday. Zacks Investment Research upgraded shares of 3M from a “hold” rating to a “buy” rating and set a $271.00 price target for the company in a research report on Monday, January 15th. Citigroup increased their price target on shares of 3M from $268.00 to $278.00 and gave the company a “buy” rating in a research report on Tuesday. ValuEngine lowered shares of 3M from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Deutsche Bank increased their price target on shares of 3M from $180.00 to $240.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. 3M has an average rating of “Hold” and an average price target of $235.01.

3M Co (NYSE:MMM) opened at $248.18 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The firm has a market cap of $147,820.00, a PE ratio of 27.70, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10. 3M Co has a 1 year low of $173.55 and a 1 year high of $249.00.

3M (NYSE:MMM) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.12. The firm had revenue of $8.17 billion during the quarter, compared to analyst estimates of $7.93 billion. 3M had a net margin of 17.71% and a return on equity of 48.55%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.15 earnings per share. sell-side analysts expect that 3M Co will post 9.1 EPS for the current fiscal year.

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3M Profile

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, , 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.

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

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