3m Co (MMM): Inge G Thulin , Chairman, President & CEO of 3m Co sold 13,947 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $169.92 per share for a total value of $2,370,006.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Nicholas C Gangestad (Sr. VP & CFO) sold 2,612 shares at $166.52 per share price.On May 5, 2016, Joaquin Delgado (Executive Vice President) sold 17,996 shares at $166.86 per share price.Also, On May 4, 2016, Jesse G Singh (Senior Vice President) sold 19,352 shares at $167.90 per share price.On Apr 20, 2016, Michael F Roman (Executive Vice President) sold 1,500 shares at $170.00 per share price.
3M Co: On Tuesday, May 10, 2016 heightened volatility was witnessed in 3M Co which led to swings in the share price. The shares opened for trading at $169.23 and hit $170.39 on the upside , eventually ending the session at $170.26, with a gain of 1.03% or 1.74 points. The heightened volatility saw the trading volume jump to 17,33,147 shares. The 52-week high of the share price is $170.77 and the company has a market cap of $103,265 M . The 52-week low of the share price is at $134.
Company has been under the radar of several Street Analysts.3M Co is Reiterated by Jefferies to Buy and the brokerage firm has raised the Price Target to $ 187 from a previous price target of $175 .The Rating was issued on Apr 12, 2016.3M Co is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 190 from a previous price target of $170 .The Rating was issued on Mar 30, 2016.
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.