Traders sold shares of 3M Company (NYSE:MMM) on strength during trading hours on Friday. $56.69 million flowed into the stock on the tick-up and $92.13 million flowed out of the stock on the tick-down, for a money net flow of $35.44 million out of the stock. Of all equities tracked, 3M had the 0th highest net out-flow for the day. 3M traded up $1.23 for the day and closed at $205.69

Several research analysts recently commented on MMM shares. Morgan Stanley reissued an “underweight” rating and set a $191.00 price target (down from $193.00) on shares of 3M in a research report on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and set a $219.00 price target on shares of 3M in a research report on Friday, May 26th. Zacks Investment Research raised 3M from a “hold” rating to a “buy” rating and set a $223.00 price target for the company in a research report on Friday, May 26th. BidaskClub cut 3M from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Citigroup Inc. reissued a “buy” rating and set a $229.00 price target (up from $220.00) on shares of 3M in a research report on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $206.68.

The firm has a market capitalization of $122.75 billion, a P/E ratio of 23.46 and a beta of 1.08. The stock’s 50 day moving average price is $204.44 and its 200-day moving average price is $200.01.

3M (NYSE:MMM) last announced its earnings results on Tuesday, July 25th. The conglomerate reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by $0.01. 3M had a return on equity of 47.83% and a net margin of 17.65%. The business had revenue of $7.81 billion during the quarter, compared to analysts’ expectations of $7.86 billion. During the same quarter in the previous year, the firm earned $2.08 EPS. 3M’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts anticipate that 3M Company will post $8.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th will be paid a $1.175 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $4.70 dividend on an annualized basis and a dividend yield of 2.28%. 3M’s payout ratio is presently 53.59%.

In related news, VP Eric D. Hammes sold 1,428 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $206.66, for a total value of $295,110.48. Following the transaction, the vice president now owns 3,066 shares in the company, valued at $633,619.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frank R. Jr. Little sold 2,719 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $206.03, for a total value of $560,195.57. Following the completion of the transaction, the insider now owns 9,010 shares in the company, valued at approximately $1,856,330.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,112 shares of company stock worth $1,878,890. 0.58% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. M Holdings Securities Inc. lifted its stake in 3M by 35.9% in the second quarter. M Holdings Securities Inc. now owns 5,450 shares of the conglomerate’s stock valued at $1,135,000 after purchasing an additional 1,441 shares during the last quarter. Griffin Asset Management Inc. purchased a new position in 3M in the second quarter valued at approximately $3,785,000. Gs Investments Inc. purchased a new position in 3M in the second quarter valued at approximately $409,000. Sentry Investment Management LLC lifted its stake in 3M by 1.0% in the second quarter. Sentry Investment Management LLC now owns 47,652 shares of the conglomerate’s stock valued at $9,921,000 after purchasing an additional 467 shares during the last quarter. Finally, Atlantic Trust LLC lifted its stake in 3M by 44.3% in the second quarter. Atlantic Trust LLC now owns 17,483 shares of the conglomerate’s stock valued at $3,825,000 after purchasing an additional 5,366 shares during the last quarter. Institutional investors and hedge funds own 66.30% of the company’s stock.

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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, electronics, 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.

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