3M Co (MMM) : Tufton Capital Management reduced its stake in 3M Co by 5.73% during the most recent quarter end. The investment management company now holds a total of 26,971 shares of 3M Co which is valued at $4,808,120 after selling 1,640 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.3M Co makes up approximately 0.96% of Tufton Capital Management’s portfolio.
Other Hedge Funds, Including , Aviance Capital Management reduced its stake in MMM by selling 606 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 12,312 shares of MMM which is valued at $2,194,860. 3M Co makes up approx 0.07% of Aviance Capital Management’s portfolio.Old Second National Bank Of Aurora reduced its stake in MMM by selling 40 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 3,238 shares of MMM which is valued at $584,265. 3M Co makes up approx 0.26% of Old Second National Bank Of Aurora’s portfolio.Farmers Trust Co reduced its stake in MMM by selling 10,000 shares or 41.27% in the most recent quarter. The Hedge Fund company now holds 14,233 shares of MMM which is valued at $2,568,203. 3M Co makes up approx 0.81% of Farmers Trust Co’s portfolio. Loeb Partners Corp added MMM to its portfolio by purchasing 3,600 company shares during the most recent quarter which is valued at $649,584. 3M Co makes up approx 0.21% of Loeb Partners Corp’s portfolio.Catawba Capital Management Va reduced its stake in MMM by selling 75 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 22,105 shares of MMM which is valued at $4,010,289. 3M Co makes up approx 0.95% of Catawba Capital Management Va’s portfolio.
3M Co opened for trading at $178.11 and hit $178.8229 on the upside on Friday, eventually ending the session at $178.36, with a gain of 0.21% or 0.38 points. The heightened volatility saw the trading volume jump to 16,21,915 shares. Company has a market cap of $108,178 M.
On the company’s financial health, 3M Co reported $2.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $2.07. The company had revenue of $7662.00 million for the quarter, compared to analysts expectations of $7710.77 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.02 EPS.
3M Company is a diversified technology company. The Company operates in five business segments: Industrial which serves a range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket electronics appliance paper and printing packaging food and beverage and construction; Safety and Graphics which serves a range of markets for the safety security and productivity of people facilities and systems; Electronics and Energy which serves customers in electronics and energy markets including solutions for electronic devices telecommunications networks electrical products power generation and distribution and infrastructure protection; Health Care which serves markets that include medical clinics and hospitals pharmaceuticals dental and orthodontic practitioners and health information systems and Consumer which serves markets that include consumer retail office retail home improvement building maintenance and other markets.