3M Co (MMM) : Smithbridge Asset Management Incde reduced its stake in 3M Co by 3.97% during the most recent quarter end. The investment management company now holds a total of 11,043 shares of 3M Co which is valued at $1,880,954 after selling 457 shares in 3M Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.3M Co makes up approximately 1.71% of Smithbridge Asset Management Incde’s portfolio.
Other Hedge Funds, Including , Chicago Trust Co Na reduced its stake in MMM by selling 1,845 shares or 7.82% in the most recent quarter. The Hedge Fund company now holds 21,738 shares of MMM which is valued at $3,688,504. 3M Co makes up approx 1.70% of Chicago Trust Co Na’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in MMM by selling 272 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 16,006 shares of MMM which is valued at $2,739,267. 3M Co makes up approx 0.51% of First Financial Bank N.a. – Trust Division’s portfolio.Pacwest Financial Management Inc reduced its stake in MMM by selling 703 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 15,020 shares of MMM which is valued at $2,570,523. 3M Co makes up approx 1.58% of Pacwest Financial Management Inc’s portfolio.
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.