3M (NYSE:MMM) Loses “Buy” Rating

May 16, 2018 - By reb123z

3M Company (NYSE:MMM) Logo

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It improved, 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.

Summit Gp Limited Liability Company has invested 0.23% in 3M Company (NYSE:MMM). Hilltop Holdings Inc holds 6,697 shares. Seaward Mngmt Lp stated it has 95,372 shares or 1.05% of all its holdings. Asset has invested 0.44% in 3M Company (NYSE:MMM). Cohen Capital Mngmt Inc has 48,510 shares for 2.66% of their portfolio. Palladium Prtnrs Ltd has invested 0.16% of its portfolio in 3M Company (NYSE:MMM). Proffitt & Goodson has 0.48% invested in 3M Company (NYSE:MMM). Hamel Assoc has invested 3.33% in 3M Company (NYSE:MMM). New York-based Morgan Stanley has invested 0.21% in 3M Company (NYSE:MMM). Capwealth Advsrs Ltd stated it has 36,504 shares. Federated Invsts Pa holds 11,726 shares. Moon Capital Management Ltd Llc reported 1,290 shares. 461,221 are owned by Btim. Welch Group Incorporated Ltd Liability Corporation reported 86,394 shares. Baystate Wealth Mngmt Limited Com owns 1,821 shares for 0.07% of their portfolio.

Since January 31, 2018, it had 0 insider purchases, and 16 sales for $30.99 million activity. $742,051 worth of 3M Company (NYSE:MMM) was sold by Little Frank R Jr.. Shares for $11,102 were sold by THULIN INGE G. On Thursday, February 1 the insider Keel Paul A sold $3.33M. On Thursday, February 1 Shin Hak Cheol sold $474,944 worth of 3M Company (NYSE:MMM) or 1,900 shares. Vale Michael G. had sold 6,243 shares worth $1.54M on Friday, February 2. The insider Gangestad Nicholas C sold $419,846.

3M (NYSE:MMM) Receives a Downgrade

3M (NYSE:MMM) was decreased by equity analysts at Jefferies from their past “Buy” rating to a “Hold” rating in analysts report issued to clients and investors on Wednesday, 16 May.

3M Company (NYSE:MMM) Ratings Coverage

Among 12 analysts covering 3M Company (NYSE:MMM), 7 have Buy rating, 3 Sell and 2 Hold. Therefore 58% are positive. 3M Company has $28400 highest and $210 lowest target. $237.55’s average target is 18.65% above currents $200.21 stock price. 3M Company had 27 analyst reports since December 12, 2017 according to SRatingsIntel. The firm has “Neutral” rating by UBS given on Thursday, April 26. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Thursday, March 22. The rating was maintained by Barclays Capital on Wednesday, April 25 with “Underweight”. The rating was upgraded by Hilliard Lyons to “Buy” on Wednesday, January 24. On Thursday, January 18 the stock rating was maintained by J.P. Morgan with “Sell”. The stock has “Hold” rating by RBC Capital Markets on Tuesday, April 24. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, December 13. Jefferies maintained 3M Company (NYSE:MMM) rating on Tuesday, April 24. Jefferies has “Buy” rating and $25000 target. RBC Capital Markets upgraded 3M Company (NYSE:MMM) on Thursday, May 3 to “Buy” rating. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, February 15.

The stock decreased 1.09% or $2.2 during the last trading session, reaching $200.21. About 2.91M shares traded. 3M Company (NYSE: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 EPS, 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 EPS 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: “Retirement Strategy: I Am Done Being Wrong About This Market” on May 16, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” published on May 16, 2018, 247Wallst.com published: “Why 3M Earnings Aren’t Enough” on April 24, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Investorplace.com and their article: “Resistance Looms Large for 3M Co Stock — Short It!” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “Jefferies cautious on 3M amid rate, recession fears” with publication date: May 16, 2018.

3M Company (NYSE:MMM) Institutional Positions Chart

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