3M Co (MMM) : Uss Investment Management Ltd added new position in 3M Co during the most recent quarter end. The investment management firm now holds 37,000 shares of 3M Co which is valued at $6,600,060 , the company said in a statement filed on Aug 1, 2016 with the SEC.3M Co makes up approximately 0.11% of Uss Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Delta Capital Management reduced its stake in MMM by selling 2,269 shares or 11.63% in the most recent quarter. The Hedge Fund company now holds 17,237 shares of MMM which is valued at $3,074,736. 3M Co makes up approx 2.30% of Delta Capital Management’s portfolio.Tocqueville Asset Management reduced its stake in MMM by selling 20 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 201,463 shares of MMM which is valued at $35,932,941. 3M Co makes up approx 0.45% of Tocqueville Asset Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in MMM by selling 12,905 shares or 9.35% in the most recent quarter. The Hedge Fund company now holds 125,074 shares of MMM which is valued at $22,308,199. 3M Co makes up approx 0.18% of Public Employees Retirement Association Of Colorado’s portfolio.Greenleaf Trust boosted its stake in MMM in the latest quarter, The investment management firm added 53,700 additional shares and now holds a total of 57,807 shares of 3M Co which is valued at $10,310,457. 3M Co makes up approx 0.27% of Greenleaf Trust’s portfolio.
3M Co closed down -0.57 points or -0.32% at $177.81 with 10,72,341 shares getting traded on Thursday. Post opening the session at $178.96, the shares hit an intraday low of $177.64 and an intraday high of $179.42 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.