Taylor Cottrill Erickson Associates buys $4,902,566 stake in 3M Co (MMM)

3M Co (MMM) : Taylor Cottrill Erickson Associates scooped up 200 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 27,086 shares of 3M Co which is valued at $4,902,566.3M Co makes up approximately 1.35% of Taylor Cottrill Erickson Associates’s portfolio.

Other Hedge Funds, Including , National Planning Corp boosted its stake in MMM in the latest quarter, The investment management firm added 334 additional shares and now holds a total of 34,409 shares of 3M Co which is valued at $6,144,759. 3M Co makes up approx 0.47% of National Planning Corp’s portfolio.Gerstein Fisher boosted its stake in MMM in the latest quarter, The investment management firm added 294 additional shares and now holds a total of 12,135 shares of 3M Co which is valued at $2,196,435. 3M Co makes up approx 0.28% of Gerstein Fisher’s portfolio.Qci Asset Management Incny reduced its stake in MMM by selling 200 shares or 21.62% in the most recent quarter. The Hedge Fund company now holds 725 shares of MMM which is valued at $129,463. 3M Co makes up approx 0.02% of Qci Asset Management Incny’s portfolio.

3M Co opened for trading at $178.67 and hit $180.09 on the upside on Wednesday, eventually ending the session at $179.87, with a gain of 0.97% or 1.73 points. The heightened volatility saw the trading volume jump to 13,58,528 shares. Company has a market cap of $108,713 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.

Leave a Reply

3M Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on 3M Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.