Robeco Institutional Asset Management B.V. Grows Holdings in 3M (NYSE:MMM)

Robeco Institutional Asset Management B.V. raised its position in 3M (NYSE:MMM - Free Report) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 637,499 shares of the conglomerate's stock after buying an additional 88,225 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of 3M worth $82,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new position in 3M in the third quarter valued at $27,000. Daymark Wealth Partners LLC increased its holdings in 3M by 8.6% in the third quarter. Daymark Wealth Partners LLC now owns 217,745 shares of the conglomerate's stock valued at $30,000 after buying an additional 17,211 shares in the last quarter. McClarren Financial Advisors Inc. increased its holdings in 3M by 118.6% in the third quarter. McClarren Financial Advisors Inc. now owns 223 shares of the conglomerate's stock valued at $30,000 after buying an additional 121 shares in the last quarter. ORG Partners LLC increased its holdings in 3M by 44.1% in the fourth quarter. ORG Partners LLC now owns 320 shares of the conglomerate's stock valued at $41,000 after buying an additional 98 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of 3M by 2,466.7% during the third quarter. True Wealth Design LLC now owns 308 shares of the conglomerate's stock worth $42,000 after purchasing an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Insider Buying and Selling

In other news, CAO Theresa E. Reinseth sold 2,309 shares of the company's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $149.95, for a total value of $346,234.55. Following the completion of the transaction, the chief accounting officer now owns 4,417 shares in the company, valued at approximately $662,329.15. This represents a 34.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Michael F. Roman sold 49,598 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $152.30, for a total transaction of $7,553,775.40. Following the completion of the transaction, the chairman now owns 180,895 shares of the company's stock, valued at approximately $27,550,308.50. The trade was a 21.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,889 shares of company stock worth $16,893,561 over the last 90 days. 0.34% of the stock is owned by insiders.

3M Trading Up 1.8 %

NYSE:MMM traded up $2.77 on Thursday, hitting $154.31. The stock had a trading volume of 3,954,778 shares, compared to its average volume of 4,686,885. The company has a fifty day moving average price of $134.20 and a two-hundred day moving average price of $130.37. The company has a quick ratio of 1.08, a current ratio of 1.41 and a debt-to-equity ratio of 2.86. 3M has a 1-year low of $75.40 and a 1-year high of $154.65. The stock has a market cap of $84.03 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.46 and a beta of 0.95.

3M (NYSE:MMM - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The conglomerate reported $1.68 EPS for the quarter, topping the consensus estimate of $1.66 by $0.02. 3M had a net margin of 15.71% and a return on equity of 100.77%. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the business posted $2.42 EPS. The business's revenue for the quarter was down 25.0% compared to the same quarter last year. Equities research analysts expect that 3M will post 7.66 earnings per share for the current fiscal year.

3M Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, November 15th. 3M's payout ratio is currently 37.09%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Citigroup boosted their target price on shares of 3M from $142.00 to $152.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Bank of America boosted their target price on shares of 3M from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company raised shares of 3M from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $140.00 to $170.00 in a research note on Wednesday, January 22nd. UBS Group upgraded shares of 3M from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $130.00 to $184.00 in a research report on Wednesday, November 13th. Finally, Barclays boosted their price target on shares of 3M from $161.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, 3M currently has an average rating of "Moderate Buy" and an average price target of $148.87.

3M Company 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.