3M (MMM) Has Been Downgraded Today by Jefferies to a Hold

May 16, 2018 - By Vivian Currie

3M Company (NYSE:MMM) Logo

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It is positive, as 47 investors sold 3M Company shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported.

Advantus Mgmt Inc invested in 0.36% or 61,379 shares. Pacific Invest Management owns 24,345 shares for 1.24% of their portfolio. Bridgewater Assocs L P stated it has 0.03% in 3M Company (NYSE:MMM). Ohio-based Fort Washington Inv Advsr Oh has invested 0.42% in 3M Company (NYSE:MMM). Arvest Bankshares Division stated it has 2,340 shares. Sei accumulated 171,295 shares or 0.14% of the stock. Plancorp Limited Liability Co holds 0.65% of its portfolio in 3M Company (NYSE:MMM) for 8,445 shares. Anchor Capital Advisors Ltd Llc reported 0.76% of its portfolio in 3M Company (NYSE:MMM). Td Asset owns 680,905 shares or 0.23% of their US portfolio. Ssi Incorporated owns 1,552 shares or 0.03% of their US portfolio. Vident Advisory Ltd Co has 0.04% invested in 3M Company (NYSE:MMM) for 3,728 shares. Wetherby Asset Mngmt reported 14,665 shares. Utd Capital Fincl Advisers Ltd Liability stated it has 0.18% in 3M Company (NYSE:MMM). Soros Fund Ltd Liability Corp reported 0.01% of its portfolio in 3M Company (NYSE:MMM). Yacktman Asset Management Limited Partnership owns 1,000 shares or 0% of their US portfolio.

Since January 31, 2018, it had 0 buys, and 16 sales for $30.99 million activity. 1,681 shares valued at $419,846 were sold by Gangestad Nicholas C on Thursday, February 1. 18,866 3M Company (NYSE:MMM) shares with value of $4.75 million were sold by THULIN INGE G. On Friday, February 2 the insider Bauman James L sold $700,790. 225 shares were sold by Vrohidis Ippocratis, worth $56,178 on Thursday, February 1. The insider Vale Michael G. sold $1.54 million. $742,051 worth of stock was sold by Little Frank R Jr. on Friday, February 23.

3M (MMM) Receives a Downgrade

Shares of EU-listed 3M (MMM) Have been downgraded by professional analysts at Jefferies. Jefferies downgraded their rating for the $118.86 billion market cap company to a Hold from their previous Buy rating.

The stock decreased 1.09% or $2.2 during the last trading session, reaching $200.21. About 2.91M shares traded. 3M Company (MMM) has risen 13.36% since May 17, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 earnings per share, up 1.94 % or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56B for 19.03 P/E if the $2.63 EPS becomes a reality. After $2.50 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20 % EPS growth.

3M Company operates as a diversified technology firm worldwide. The company has market cap of $118.86 billion. The companyÂ’s Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; advanced ceramics; sealants; specialty materials; separation and purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products. It has a 25.25 P/E ratio. The Company’s Safety and Graphics Business segment provides personal protection products, traffic safety and security products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules for asphalt shingles, and fall protection products.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M: Buy On Earnings Dip?” on April 25, 2018, also Investorplace.com with their article: “Resistance Looms Large for 3M Co Stock — Short It!” published on May 11, 2018, Seekingalpha.com published: “Jefferies cautious on 3M amid rate, recession fears” on May 16, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Retirement Strategy: I Am Done Being Wrong About This Market” with publication date: May 16, 2018.

3M Company (NYSE:MMM) Institutional Positions Chart

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