Patriot Wealth Management buys $6,220,375 stake in 3M Co (MMM)

3M Co (MMM) : Patriot Wealth Management scooped up 1,116 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 34,893 shares of 3M Co which is valued at $6,220,375.3M Co makes up approximately 1.19% of Patriot Wealth Management’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in MMM in the latest quarter, The investment management firm added 86,323 additional shares and now holds a total of 481,728 shares of 3M Co which is valued at $85,877,651. 3M Co makes up approx 0.49% of Retirement Systems Of Alabama’s portfolio.State Of Alaska Department Of Revenue boosted its stake in MMM in the latest quarter, The investment management firm added 1,325 additional shares and now holds a total of 49,530 shares of 3M Co which is valued at $8,985,733. 3M Co makes up approx 0.92% of State Of Alaska Department Of Revenue’s portfolio.Peachtree Investment Advisors reduced its stake in MMM by selling 60 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 2,290 shares of MMM which is valued at $410,391. 3M Co makes up approx 0.41% of Peachtree Investment Advisors’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.

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