Stokes Hubbell Capital Management buys $426,440 stake in 3M Co (MMM)

3M Co (MMM) : Stokes Hubbell Capital Management scooped up 2 additional shares in 3M Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 2,489 shares of 3M Co which is valued at $426,440.3M Co makes up approximately 0.18% of Stokes Hubbell Capital Management’s portfolio.

Other Hedge Funds, Including , First National Bank Of Mount Dora Trust Investment Services reduced its stake in MMM by selling 1,506 shares or 14.53% in the most recent quarter. The Hedge Fund company now holds 8,859 shares of MMM which is valued at $1,527,203. 3M Co makes up approx 0.86% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in MMM in the latest quarter, The investment management firm added 292,492 additional shares and now holds a total of 448,179 shares of 3M Co which is valued at $77,261,578. 3M Co makes up approx 0.32% of Bnp Paribas Arbitrage Sa’s portfolio.

3M Co closed down -0.31 points or -0.18% at $171.33 with 22,49,588 shares getting traded on Friday. Post opening the session at $171.9, the shares hit an intraday low of $170.041 and an intraday high of $171.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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