Robeco Institutional Asset Management B.V. raised its position in shares of 3M Co. (NYSE:MMM) by 20.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 264,775 shares of the company’s stock after buying an additional 45,779 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in 3M were worth $46,368,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MMM. Founders Capital Management LLC raised its position in shares of 3M by 0.4% in the second quarter. Founders Capital Management LLC now owns 1,916 shares of the company’s stock worth $336,000 after buying an additional 8 shares in the last quarter. Gilman Hill Asset Management LLC raised its position in shares of 3M by 0.3% in the second quarter. Gilman Hill Asset Management LLC now owns 2,440 shares of the company’s stock worth $427,000 after buying an additional 8 shares in the last quarter. Capital Management Corp VA raised its position in shares of 3M by 0.3% in the second quarter. Capital Management Corp VA now owns 3,889 shares of the company’s stock worth $681,000 after buying an additional 12 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in shares of 3M by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 3,769 shares of the company’s stock worth $660,000 after buying an additional 18 shares in the last quarter. Finally, Colorado Capital Management Inc. raised its position in shares of 3M by 1.7% in the second quarter. Colorado Capital Management Inc. now owns 1,400 shares of the company’s stock worth $245,000 after buying an additional 23 shares in the last quarter. Institutional investors own 65.67% of the company’s stock.

Institutional Ownership by Quarter for 3M (NYSE:MMM)

3M Co. (NYSE:MMM) traded down 0.85% during trading on Tuesday, hitting $169.68. The stock had a trading volume of 1,998,726 shares. The stock’s 50 day moving average price is $177.18 and its 200 day moving average price is $173.32. 3M Co. has a 12-month low of $134.64 and a 12-month high of $182.27. The firm has a market cap of $102.55 billion, a P/E ratio of 21.66 and a beta of 0.99.

3M (NYSE:MMM) last released its earnings results on Tuesday, July 26th. The company reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.01. 3M had a return on equity of 41.84% and a net margin of 16.29%. The company had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.73 billion. During the same quarter in the previous year, the firm posted $2.02 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts anticipate that 3M Co. will post $8.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were given a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 2.62%. The ex-dividend date was Wednesday, August 17th. 3M’s payout ratio is 56.63%.

MMM has been the topic of a number of research reports. Jefferies Group increased their price objective on 3M from $190.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, July 19th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of 3M in a report on Sunday, July 10th. Zacks Investment Research raised 3M from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Deutsche Bank AG reaffirmed a “hold” rating and set a $164.00 target price on shares of 3M in a report on Thursday, August 25th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of 3M in a report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $167.11.

In other 3M news, insider James L. Bauman sold 9,066 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $178.42, for a total transaction of $1,617,555.72. Following the transaction, the insider now owns 10,834 shares in the company, valued at approximately $1,933,002.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Khandpur K. Ashish sold 1,679 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $178.39, for a total value of $299,516.81. Following the transaction, the vice president now owns 1,011 shares in the company, valued at approximately $180,352.29. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

About 3M

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

5 Day Chart for NYSE:MMM

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