3M Company (NYSE:MMM) CAO Ippocratis Vrohidis sold 1,725 shares of 3M stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $230.34, for a total transaction of $397,336.50. Following the completion of the transaction, the chief accounting officer now owns 898 shares in the company, valued at approximately $206,845.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

3M (NYSE:MMM) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.12. 3M had a net margin of 17.71% and a return on equity of 48.55%. The firm had revenue of $8.17 billion during the quarter, compared to analyst estimates of $7.93 billion. During the same quarter last year, the business earned $2.15 EPS. The company’s revenue was up 6.0% compared to the same quarter last year.

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Several analysts have issued reports on the stock. BidaskClub lowered shares of 3M from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered shares of 3M from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $202.00 price target on shares of 3M in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a “sector perform” rating and issued a $209.00 price target (down from $210.00) on shares of 3M in a research report on Wednesday, July 26th. Finally, William Blair restated an “outperform” rating on shares of 3M in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $230.44.

A number of institutional investors have recently added to or reduced their stakes in MMM. Jackson Grant Investment Advisers Inc. increased its stake in shares of 3M by 0.6% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 718 shares of the conglomerate’s stock valued at $137,000 after acquiring an additional 4 shares in the last quarter. Baker Ellis Asset Management LLC increased its stake in shares of 3M by 0.3% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 5,487 shares of the conglomerate’s stock valued at $1,142,000 after acquiring an additional 19 shares in the last quarter. Kopp Investment Advisors LLC increased its stake in shares of 3M by 0.4% in the 2nd quarter. Kopp Investment Advisors LLC now owns 5,281 shares of the conglomerate’s stock valued at $1,099,000 after acquiring an additional 20 shares in the last quarter. Main Street Research LLC increased its stake in shares of 3M by 1.1% in the 1st quarter. Main Street Research LLC now owns 1,984 shares of the conglomerate’s stock valued at $380,000 after acquiring an additional 22 shares in the last quarter. Finally, Osborne Partners Capital Management LLC increased its stake in shares of 3M by 1.0% in the 2nd quarter. Osborne Partners Capital Management LLC now owns 2,272 shares of the conglomerate’s stock valued at $473,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 66.21% of the company’s stock.

About 3M

3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

Insider Buying and Selling by Quarter for 3M (NYSE:MMM)

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