Sand Hill Global Advisors LLC Buys 200 Shares of 3M Company $MMM

Sand Hill Global Advisors LLC raised its stake in 3M Company (NYSE:MMM) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,053 shares of the conglomerate’s stock after buying an additional 200 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in 3M were worth $448,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. REAP Financial Group LLC lifted its position in shares of 3M by 88.7% in the fourth quarter. REAP Financial Group LLC now owns 200 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Pinney & Scofield Inc. bought a new stake in shares of 3M in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of 3M in the first quarter worth $28,000. Curat Global LLC bought a new stake in shares of 3M in the first quarter worth $29,000. Finally, Intelligent Financial Strategies acquired a new position in 3M during the first quarter worth $42,000. Institutional investors own 65.25% of the company’s stock.

Insider Buying and Selling at 3M

In related news, CAO Theresa E. Reinseth sold 3,477 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.63, for a total value of $523,740.51. Following the transaction, the chief accounting officer directly owned 2,561 shares in the company, valued at approximately $385,763.43. This represents a 57.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Patrick Banovetz sold 7,759 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $148.37, for a total transaction of $1,151,202.83. Following the completion of the transaction, the executive vice president owned 31,372 shares in the company, valued at $4,654,663.64. This trade represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,817,401 shares of company stock valued at $648,960,803. 0.48% of the stock is currently owned by insiders.

3M Price Performance

NYSE:MMM opened at $152.86 on Tuesday. 3M Company has a one year low of $121.98 and a one year high of $164.15. The company has a market cap of $81.42 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.95 and a beta of 1.05. The firm’s fifty day moving average price is $151.14 and its two-hundred day moving average price is $147.12. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.72 and a quick ratio of 1.20.

3M (NYSE:MMM) last released its quarterly earnings data on Friday, July 18th. The conglomerate reported $2.16 EPS for the quarter, beating the consensus estimate of $2.01 by $0.15. 3M had a net margin of 16.01% and a return on equity of 96.48%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the company earned $1.93 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts expect that 3M Company will post 7.8 earnings per share for the current year.

3M Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 25th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.9%. 3M’s dividend payout ratio (DPR) is presently 40.61%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MMM shares. JPMorgan Chase & Co. set a $167.00 target price on shares of 3M in a report on Friday, July 18th. Weiss Ratings restated a “hold (c+)” rating on shares of 3M in a report on Thursday, August 14th. Barclays set a $170.00 target price on shares of 3M in a report on Friday, July 18th. Royal Bank Of Canada boosted their target price on shares of 3M from $98.00 to $100.00 and gave the stock an “underperform” rating in a report on Wednesday, April 23rd. Finally, Citigroup boosted their target price on shares of 3M from $141.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $158.10.

3M Profile

3M Company provides diversified technology services in the United States and internationally. The company’s 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.