Crestwood Advisors buys $19,955,889 stake in 3M Co (MMM)

3M Co (MMM) : Crestwood Advisors scooped up 2,904 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 110,700 shares of 3M Co which is valued at $19,955,889.3M Co makes up approximately 2.21% of Crestwood Advisors’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in MMM by selling 37,241 shares or 38.66% in the most recent quarter. The Hedge Fund company now holds 59,091 shares of MMM which is valued at $10,652,335. 3M Co makes up approx 0.06% of Susquehanna International Group Llp’s portfolio.Tcw Group Inc boosted its stake in MMM in the latest quarter, The investment management firm added 1,772 additional shares and now holds a total of 49,221 shares of 3M Co which is valued at $8,873,070. 3M Co makes up approx 0.06% of Tcw Group Inc’s portfolio.Gerstein Fisher boosted its stake in MMM in the latest quarter, The investment management firm added 294 additional shares and now holds a total of 12,135 shares of 3M Co which is valued at $2,196,435. 3M Co makes up approx 0.28% of Gerstein Fisher’s portfolio.Whittier Trust Co reduced its stake in MMM by selling 7,176 shares or 3.12% in the most recent quarter. The Hedge Fund company now holds 222,745 shares of MMM which is valued at $39,728,798. 3M Co makes up approx 1.70% of Whittier Trust Co’s portfolio.S&co Inc boosted its stake in MMM in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 68,419 shares of 3M Co which is valued at $12,345,524. 3M Co makes up approx 1.85% of S&co Inc’s portfolio.

3M Co opened for trading at $179.31 and hit $180.17 on the upside on Thursday, eventually ending the session at $179.98, with a gain of 0.41% or 0.74 points. The heightened volatility saw the trading volume jump to 10,95,268 shares. Company has a market cap of $108,780 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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