Roundview Capital LLC Has $1.48 Million Holdings in 3M (NYSE:MMM)

Roundview Capital LLC lessened its stake in 3M (NYSE:MMMGet Rating) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,320 shares of the conglomerate’s stock after selling 78 shares during the quarter. Roundview Capital LLC’s holdings in 3M were worth $1,478,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. DB Fitzpatrick & Co Inc acquired a new position in 3M in the fourth quarter valued at about $29,000. Ritter Daniher Financial Advisory LLC grew its position in 3M by 98.9% in the fourth quarter. Ritter Daniher Financial Advisory LLC now owns 179 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 89 shares during the last quarter. Atticus Wealth Management LLC bought a new position in 3M in the fourth quarter valued at about $36,000. McIlrath & Eck LLC grew its position in 3M by 60.8% in the third quarter. McIlrath & Eck LLC now owns 230 shares of the conglomerate’s stock valued at $40,000 after acquiring an additional 87 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in 3M in the third quarter valued at about $41,000. 67.22% of the stock is owned by institutional investors and hedge funds.

In other 3M news, CEO Michael F. Roman sold 10,610 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $146.21, for a total value of $1,551,288.10. Following the transaction, the chief executive officer now directly owns 90,361 shares of the company’s stock, valued at $13,211,681.81. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by insiders.

Shares of 3M stock traded down $0.29 during midday trading on Friday, reaching $149.30. The company had a trading volume of 2,753,460 shares, compared to its average volume of 2,904,363. The stock has a fifty day moving average price of $148.25 and a 200 day moving average price of $163.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.58 and a quick ratio of 1.00. The firm has a market cap of $84.96 billion, a PE ratio of 15.54, a P/E/G ratio of 1.42 and a beta of 0.92. 3M has a fifty-two week low of $139.74 and a fifty-two week high of $206.81.

3M (NYSE:MMMGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The conglomerate reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.32. 3M had a return on equity of 39.35% and a net margin of 15.84%. The company had revenue of $8.80 billion for the quarter, compared to analyst estimates of $8.75 billion. During the same period in the previous year, the firm earned $2.77 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that 3M will post 10.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 12th. Shareholders of record on Friday, May 20th will be paid a $1.49 dividend. This represents a $5.96 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, May 19th. 3M’s dividend payout ratio (DPR) is presently 62.02%.

A number of research analysts have issued reports on the company. StockNews.com assumed coverage on 3M in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho decreased their target price on 3M from $180.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 15th. Zacks Investment Research cut 3M from a “hold” rating to a “sell” rating and set a $159.00 price target on the stock. in a report on Friday, April 22nd. Barclays reduced their price target on 3M from $155.00 to $146.00 and set an “underweight” rating on the stock in a report on Wednesday, April 27th. Finally, UBS Group reduced their price target on 3M from $168.00 to $118.00 and set a “sell” rating on the stock in a report on Friday, March 11th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $164.73.

About 3M (Get Rating)

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.

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

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