3M Co (MMM) : Duff Phelps Investment Management Co reduced its stake in 3M Co by 2.52% during the most recent quarter end. The investment management company now holds a total of 7,730 shares of 3M Co which is valued at $1,316,651 after selling 200 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.3M Co makes up approximately 0.02% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Integrated Investment Consultants reduced its stake in MMM by selling 10 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 2,319 shares of MMM which is valued at $394,995. 3M Co makes up approx 0.20% of Integrated Investment Consultants’s portfolio.Carroll Financial Associates reduced its stake in MMM by selling 188 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 12,341 shares of MMM which is valued at $2,112,039. 3M Co makes up approx 0.32% of Carroll Financial Associates’s portfolio.Hudson Valley Investment Advisors Inc Adv reduced its stake in MMM by selling 223 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 12,936 shares of MMM which is valued at $2,213,867. 3M Co makes up approx 0.68% of Hudson Valley Investment Advisors Inc Adv’s portfolio. Beacon Capital Management sold out all of its stake in MMM during the most recent quarter. The investment firm sold 100 shares of MMM which is valued $17,114.
3M Co opened for trading at $170.99 and hit $171.39 on the upside on Friday, eventually ending the session at $170.33, with a gain of 0.18% or 0.31 points. The heightened volatility saw the trading volume jump to 15,12,376 shares. Company has a market cap of $102,948 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.