3M Co (MMM) : Delta Capital Management reduced its stake in 3M Co by 11.63% during the most recent quarter end. The investment management company now holds a total of 17,237 shares of 3M Co which is valued at $3,074,736 after selling 2,269 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.3M Co makes up approximately 2.30% of Delta Capital Management’s portfolio.
Other Hedge Funds, Including , Baltimore-washington Financial Advisors boosted its stake in MMM in the latest quarter, The investment management firm added 186 additional shares and now holds a total of 43,787 shares of 3M Co which is valued at $7,805,908. 3M Co makes up approx 2.25% of Baltimore-washington Financial Advisors’s portfolio.Trust Co Of Toledo Na Oh boosted its stake in MMM in the latest quarter, The investment management firm added 136 additional shares and now holds a total of 7,272 shares of 3M Co which is valued at $1,296,379. 3M Co makes up approx 0.37% of Trust Co Of Toledo Na Oh’s portfolio.Nordea Investment Management Ab boosted its stake in MMM in the latest quarter, The investment management firm added 6,428 additional shares and now holds a total of 116,384 shares of 3M Co which is valued at $21,114,385. 3M Co makes up approx 0.06% of Nordea Investment Management Ab’s portfolio.Sonora Investment Management boosted its stake in MMM in the latest quarter, The investment management firm added 296 additional shares and now holds a total of 12,053 shares of 3M Co which is valued at $2,182,919. 3M Co makes up approx 1.21% of Sonora Investment Management’s portfolio.
3M Co closed down -0.57 points or -0.32% at $177.81 with 10,72,341 shares getting traded on Thursday. Post opening the session at $178.96, the shares hit an intraday low of $177.64 and an intraday high of $179.42 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.