Delaney Dennis R buys $2,551,557 stake in 3M Co (MMM)

3M Co (MMM) : Delaney Dennis R scooped up 4 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 14,097 shares of 3M Co which is valued at $2,551,557.3M Co makes up approximately 5.31% of Delaney Dennis R’s portfolio.

Other Hedge Funds, Including , Spf Beheer Bv reduced its stake in MMM by selling 20,882 shares or 5.15% in the most recent quarter. The Hedge Fund company now holds 384,804 shares of MMM which is valued at $69,649,524. 3M Co makes up approx 3.54% of Spf Beheer Bv’s portfolio.Lincoln Capital reduced its stake in MMM by selling 50 shares or 3.15% in the most recent quarter. The Hedge Fund company now holds 1,536 shares of MMM which is valued at $273,992. 3M Co makes up approx 0.20% of Lincoln Capital’s portfolio. Howard Hughes Medical Institute added MMM to its portfolio by purchasing 20,000 company shares during the most recent quarter which is valued at $3,567,600. 3M Co makes up approx 1.14% of Howard Hughes Medical Institute’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in MMM by selling 100 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 10,365 shares of MMM which is valued at $1,880,418. 3M Co makes up approx 1.04% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Gofen Glossberg Il boosted its stake in MMM in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 113,585 shares of 3M Co which is valued at $20,355,568. 3M Co makes up approx 0.84% of Gofen Glossberg Il’s portfolio.

3M Co opened for trading at $181 and hit $181.39 on the upside on Monday, eventually ending the session at $180.56, with a gain of 0.16% or 0.29 points. The heightened volatility saw the trading volume jump to 12,68,247 shares. Company has a market cap of $109,131 M.

On the company’s financial health, 3M Co reported $2.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $2.07. The company had revenue of $7662.00 million for the quarter, compared to analysts expectations of $7710.77 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.02 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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