3M Co (MMM) Shares Bought by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. increased its holdings in 3M Co (NYSE:MMM) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,099 shares of the conglomerate’s stock after purchasing an additional 1,445 shares during the period. GW Henssler & Associates Ltd.’s holdings in 3M were worth $12,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Weatherstone Capital Management increased its stake in 3M by 17.9% in the 3rd quarter. Weatherstone Capital Management now owns 2,920 shares of the conglomerate’s stock worth $615,000 after acquiring an additional 444 shares during the last quarter. Telemus Capital LLC increased its stake in 3M by 2.9% in the 3rd quarter. Telemus Capital LLC now owns 35,431 shares of the conglomerate’s stock worth $7,466,000 after acquiring an additional 1,006 shares during the last quarter. M. Kraus & Co increased its stake in 3M by 21.2% in the 3rd quarter. M. Kraus & Co now owns 3,312 shares of the conglomerate’s stock worth $698,000 after acquiring an additional 580 shares during the last quarter. BTIM Corp. increased its stake in 3M by 4.0% in the 3rd quarter. BTIM Corp. now owns 466,178 shares of the conglomerate’s stock worth $98,228,000 after acquiring an additional 17,817 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in 3M by 0.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 74,710 shares of the conglomerate’s stock worth $15,742,000 after acquiring an additional 296 shares during the last quarter. 67.17% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on MMM shares. Credit Suisse Group started coverage on 3M in a research note on Friday, October 12th. They issued an “outperform” rating and a $228.00 price objective on the stock. Barclays reduced their price objective on 3M from $201.00 to $195.00 and set an “underweight” rating on the stock in a research note on Wednesday. Zacks Investment Research downgraded 3M from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. MED downgraded 3M from a “buy” rating to a “hold” rating and set a $208.00 price objective on the stock. in a research note on Thursday, July 12th. Finally, Citigroup reduced their price objective on 3M from $251.00 to $228.00 and set a “buy” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $225.23.



NYSE MMM opened at $184.95 on Friday. The company has a market cap of $108.52 billion, a PE ratio of 20.17, a P/E/G ratio of 1.81 and a beta of 1.15. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.08 and a current ratio of 1.97. 3M Co has a fifty-two week low of $181.98 and a fifty-two week high of $259.77.

3M (NYSE:MMM) last released its earnings results on Tuesday, October 23rd. The conglomerate reported $2.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.12). The company had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.41 billion. 3M had a net margin of 13.79% and a return on equity of 54.60%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.33 EPS. On average, equities analysts expect that 3M Co will post 10.03 earnings per share for the current year.

In other news, insider Jon T. Lindekugel sold 6,410 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $203.01, for a total transaction of $1,301,294.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eric D. Hammes sold 1,272 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $216.00, for a total value of $274,752.00. Following the transaction, the insider now directly owns 5,634 shares in the company, valued at approximately $1,216,944. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

About 3M

3M Company operates as a diversified technology company worldwide. The company's Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products.

See Also: Diversification in Investing

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

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