3m Co (MMM): Nicholas C Gangestad , Sr. VP & CFO of 3m Co sold 2,612 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $166.52 per share for a total value of $434,950.25 , 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.
Shares of 3M Co (MMM) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.81 points or -0.48% at $167.16 with 21,18,061 shares getting traded. Post opening the session at $166.37, the shares hit an intraday low of $166.29 and an intraday high of $167.7 and the price vacillated in this range throughout the day. The company has a market cap of $101,138 M and the number of outstanding shares has been calculated to be 60,50,38,190 shares. The 52-week high of 3M Co is $170.77 and the 52-week low is $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.