Green Square Capital LLC decreased its stake in 3M Company (NYSE:MMM) by 31.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,658 shares of the conglomerate’s stock after selling 1,217 shares during the quarter. Green Square Capital LLC’s holdings in 3M were worth $558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its position in shares of 3M by 3.9% in the first quarter. First Eagle Investment Management LLC now owns 4,413,897 shares of the conglomerate’s stock valued at $844,511,000 after purchasing an additional 167,491 shares during the period. Ameriprise Financial Inc. grew its position in shares of 3M by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 3,275,913 shares of the conglomerate’s stock valued at $626,792,000 after purchasing an additional 8,239 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of 3M by 4.9% in the second quarter. UBS Asset Management Americas Inc. now owns 1,916,848 shares of the conglomerate’s stock valued at $399,069,000 after purchasing an additional 89,307 shares during the period. New York State Common Retirement Fund grew its position in shares of 3M by 0.5% in the third quarter. New York State Common Retirement Fund now owns 1,700,225 shares of the conglomerate’s stock valued at $356,877,000 after purchasing an additional 8,500 shares during the period. Finally, Rhumbline Advisers grew its position in shares of 3M by 0.9% in the third quarter. Rhumbline Advisers now owns 1,124,531 shares of the conglomerate’s stock valued at $236,039,000 after purchasing an additional 9,617 shares during the period. Institutional investors and hedge funds own 66.33% of the company’s stock.

3M Company (MMM) traded down $2.72 during trading hours on Wednesday, hitting $236.58. 2,766,300 shares of the stock traded hands, compared to its average volume of 1,842,598. The company has a current ratio of 2.07, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $142,529.03, a P/E ratio of 26.74, a P/E/G ratio of 2.59 and a beta of 1.10. 3M Company has a 12-month low of $173.55 and a 12-month high of $244.23.

3M (NYSE:MMM) last posted its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $2.33 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $7.93 billion. During the same period last year, the firm posted $2.15 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. analysts expect that 3M Company will post 9.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, November 24th were paid a dividend of $0.0118 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, November 22nd. 3M’s dividend payout ratio (DPR) is presently 52.51%.

In other 3M news, insider Jon T. Lindekugel sold 400 shares of 3M stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $230.06, for a total transaction of $92,024.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frank R. Jr. Little sold 1,500 shares of 3M stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $234.47, for a total transaction of $351,705.00. The disclosure for this sale can be found here. Insiders have sold 22,804 shares of company stock worth $5,303,706 over the last ninety days. 0.58% of the stock is owned by insiders.

Several brokerages have recently issued reports on MMM. ValuEngine lowered shares of 3M from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of 3M from a “hold” rating to a “buy” rating and set a $258.00 price target on the stock in a research note on Tuesday, November 7th. Goldman Sachs Group reissued a “sell” rating on shares of 3M in a research note on Thursday, October 26th. Citigroup raised their price target on shares of 3M from $250.00 to $262.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Jefferies Group raised their price target on shares of 3M to $262.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $231.16.

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

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