3M Co (MMM) Shareholder Norinchukin Bank The Boosted Stake by $14.94 Million as Stock Price Declined

May 25, 2018 - By Michael Collier

3M Company (NYSE:MMM) LogoInvestors sentiment increased to 0.83 in 2017 Q4. Its up 0.06, from 0.77 in 2017Q3. It improved, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. Bartlett & Company Ltd Liability Corporation has invested 0.29% in 3M Company (NYSE:MMM). 680,905 were reported by Td Asset Mgmt. First Merchants Corp holds 0.88% of its portfolio in 3M Company (NYSE:MMM) for 21,919 shares. First Manhattan holds 0.88% of its portfolio in 3M Company (NYSE:MMM) for 680,127 shares. Capstone Investment Advsr Ltd has 0.03% invested in 3M Company (NYSE:MMM) for 4,116 shares. Massmutual Fsb Adv reported 88,972 shares. Moreover, Ngam Advsr LP has 0.15% invested in 3M Company (NYSE:MMM). Verity And Verity Ltd Liability accumulated 27,286 shares. 51,971 were accumulated by Taurus Asset Lc. Burgundy Asset Mngmt Ltd has 8,200 shares for 0.02% of their portfolio. Bradley Foster & Sargent Ct invested in 86,062 shares or 0.73% of the stock. 6,324 were accumulated by Ifc Fl. 112,340 were reported by Gofen & Glossberg Limited Liability Il. Biondo Inv Advsr Limited Liability Company holds 1.4% in 3M Company (NYSE:MMM) or 23,392 shares. Lau Assoc Limited Liability Corporation holds 3.27% of its portfolio in 3M Company (NYSE:MMM) for 17,862 shares.

Since January 31, 2018, it had 0 buys, and 16 sales for $30.99 million activity. Roman Michael F had sold 4,146 shares worth $1.02 million. 225 shares valued at $56,178 were sold by Vrohidis Ippocratis on Thursday, February 1. 1,681 3M Company (NYSE:MMM) shares with value of $419,846 were sold by Gangestad Nicholas C. 5,438 shares were sold by THULIN INGE G, worth $1.37M on Wednesday, January 31. Shares for $2.19M were sold by Bauman James L on Friday, February 2. 6,243 shares were sold by Vale Michael G., worth $1.54 million.

Norinchukin Bank The increased its stake in 3M Co (MMM) by 22.66% based on its latest 2017Q4 regulatory filing with the SEC. Norinchukin Bank The bought 63,561 shares as the company’s stock declined 8.03% with the market. The institutional investor held 344,028 shares of the medical and dental instruments company at the end of 2017Q4, valued at $80.97 million, up from 280,467 at the end of the previous reported quarter. Norinchukin Bank The who had been investing in 3M Co for a number of months, seems to be bullish on the $117.79 billion market cap company. The stock decreased 0.50% or $1 during the last trading session, reaching $198.41. About 1.01 million shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 25, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M Stumbles, And The Knives Come Out” on April 26, 2018, also Seekingalpha.com with their article: “Jefferies cautious on 3M amid rate, recession fears” published on May 16, 2018, Investorplace.com published: “7 Dow Titans Rolling Over” on May 25, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Livetradingnews.com and their article: “3M Company (NYSE:MMM) Stock Worth Watching” published on May 23, 2018 as well as Investorplace.com‘s news article titled: “Resistance Looms Large for 3M Co Stock — Short It!” with publication date: May 11, 2018.

3M Company (NYSE:MMM) Ratings Coverage

Among 12 analysts covering 3M Company (NYSE:MMM), 6 have Buy rating, 3 Sell and 3 Hold. Therefore 50% are positive. 3M Company had 28 analyst reports since December 12, 2017 according to SRatingsIntel. Deutsche Bank upgraded the shares of MMM in report on Tuesday, February 13 to “Buy” rating. The firm earned “Hold” rating on Tuesday, December 12 by RBC Capital Markets. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Thursday, March 22. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, January 3. The rating was maintained by Jefferies with “Buy” on Tuesday, April 24. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Hilliard Lyons on Wednesday, January 24. The firm has “Hold” rating given on Friday, January 26 by Stifel Nicolaus. Argus Research maintained the shares of MMM in report on Wednesday, April 25 with “Buy” rating. Stifel Nicolaus maintained 3M Company (NYSE:MMM) rating on Tuesday, April 3. Stifel Nicolaus has “Hold” rating and $225 target. The firm earned “Hold” rating on Thursday, February 15 by Stifel Nicolaus.

3M Company (NYSE:MMM) Institutional Positions Chart

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