Dearborn Partners buys $28,185,411 stake in 3M Co (MMM)

3M Co (MMM) : Dearborn Partners scooped up 2,986 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 155,360 shares of 3M Co which is valued at $28,185,411.3M Co makes up approximately 2.39% of Dearborn Partners’s portfolio.

Other Hedge Funds, Including , Hengehold Capital Management reduced its stake in MMM by selling 8 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 3,361 shares of MMM which is valued at $609,753. 3M Co makes up approx 0.19% of Hengehold Capital Management’s portfolio.Eastern Bank reduced its stake in MMM by selling 304 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 20,384 shares of MMM which is valued at $3,691,746. 3M Co makes up approx 0.29% of Eastern Bank’s portfolio.Founders Capital Management boosted its stake in MMM in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 1,916 shares of 3M Co which is valued at $347,007. 3M Co makes up approx 0.19% of Founders Capital Management’s portfolio.Kelman-lazarov reduced its stake in MMM by selling 475 shares or 9.48% in the most recent quarter. The Hedge Fund company now holds 4,535 shares of MMM which is valued at $821,334. 3M Co makes up approx 0.46% of Kelman-lazarov’s portfolio.Hollencrest Securities reduced its stake in MMM by selling 323 shares or 19.41% in the most recent quarter. The Hedge Fund company now holds 1,341 shares of MMM which is valued at $237,518. 3M Co makes up approx 0.04% of Hollencrest Securities’s portfolio.

3M Co opened for trading at $181.73 and hit $182.27 on the upside on Wednesday, eventually ending the session at $181.42, with a gain of 0.10% or 0.18 points. The heightened volatility saw the trading volume jump to 14,13,335 shares. Company has a market cap of $110,034 M.

On the company’s financial health, 3M Co reported $1.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.92. The company had revenue of $7409.00 million for the quarter, compared to analysts expectations of $7326.17 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.85 EPS.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial which serves a range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket electronics appliance paper and printing packaging food and beverage and construction; Safety and Graphics which serves a range of markets for the safety security and productivity of people facilities and systems; Electronics and Energy which serves customers in electronics and energy markets including solutions for electronic devices telecommunications networks electrical products power generation and distribution and infrastructure protection; Health Care which serves markets that include medical clinics and hospitals pharmaceuticals dental and orthodontic practitioners and health information systems and Consumer which serves markets that include consumer retail office retail home improvement building maintenance and other markets.

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