3M Company (NYSE:MMM).
Thomaspartners, Inc. bought 13,000 shares in quarter ending 09/30/2017 increasing its exposure to 3M Company by 1.3%. Its stake was valued at $218,356,000 an increase of $4,485,000 as of the end of the quarter.
The following firms have recently changed their position in MMM. Bowen Hanes & Co Inc bolstered its position by buying 8,751 shares an increase of 3.9% from 06/30/2017 to 09/30/2017. Bowen Hanes & Co Inc owns 235,849 shares with a value of $49,505,000. The value of the position overall is up by 4.7%. Baird Financial Group, Inc. reduced its investment by shedding 1,258 shares a decrease of 0.5% as of 09/30/2017. Baird Financial Group, Inc. currently owns 276,338 shares valued at $58,004,000. The total value of its holdings increased 0.4%.
Raymond James & Associates downsized its stake by selling 834 shares a decrease of 0.2%. Raymond James & Associates now controls 547,099 shares worth $114,840,000. The total value of its holdings increased 0.7%.
October 26 investment analysts at Goldman Sachs Group, Inc. (The) reiterated a “Sell” rating on the company. October 25 investment analysts at Credit Suisse Group kept the stock rating at “Outperform” with a current price target of $260.00.
Citigroup raised the price target on October 25 changing the forecast from $250.00 to $262.00 with a rating of “Buy”.
Equity analyst Bank of America Corporation raised the price target of the stock on October 25 boosting the projection from $227.00 to $257.00 and issued a “Buy” rating. Equity analyst Jefferies Group LLC raised the price target on October 25 changing the price objective from $0.00 to $262.00 and stated a “Buy” rating.
The company is trading down since yesterday’s close of 229.33. The P/E ratio is 25.38 and the market cap of the company is 135.44B. As of the last earnings report the EPS was $8.96 with 595.61M shares outstanding.
Traders are a little more bullish lately if you watch the change in short interest. The firm realized a fall in short interest of -24.31% between October 13, 2017 and October 31, 2017. Short interest decreased 2,209,976 over that period. Days to cover decreased from 6.0 to 3.0 and the percentage of shorted shares is 0.01% as of October 31.