Rk Asset Management Trimmed Stake in National Presto Industries (NPK) by $818,586 as Share Value Rose; As 3M Co (MMM) Shares Declined, Bush Odonnell Investment Advisors Has Lowered Its Position

June 2, 2018 - By Clifton Ray

3M Company (NYSE:MMM) Logo

Rk Asset Management Llc decreased its stake in National Presto Industries (NPK) by 10.27% based on its latest 2018Q1 regulatory filing with the SEC. Rk Asset Management Llc sold 8,802 shares as the company’s stock rose 14.52% while stock markets declined. The institutional investor held 76,883 shares of the capital goods company at the end of 2018Q1, valued at $7.21M, down from 85,685 at the end of the previous reported quarter. Rk Asset Management Llc who had been investing in National Presto Industries for a number of months, seems to be less bullish one the $784.92 million market cap company. The stock decreased 0.35% or $0.4 during the last trading session, reaching $112.5. About 42,176 shares traded. National Presto Industries, Inc. (NYSE:NPK) has risen 8.95% since June 2, 2017 and is uptrending. It has underperformed by 3.62% the S&P500.

Bush Odonnell Investment Advisors Inc decreased its stake in 3M Co (MMM) by 43.52% based on its latest 2018Q1 regulatory filing with the SEC. Bush Odonnell Investment Advisors Inc sold 12,516 shares as the company’s stock declined 18.48% with the market. The institutional investor held 16,240 shares of the medical and dental instruments company at the end of 2018Q1, valued at $3.57 million, down from 28,756 at the end of the previous reported quarter. Bush Odonnell Investment Advisors Inc who had been investing in 3M Co for a number of months, seems to be less bullish one the $118.50 billion market cap company. The stock increased 1.20% or $2.36 during the last trading session, reaching $199.59. About 1.83 million shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 2, 2017 and is downtrending. It has underperformed by 12.83% the S&P500.

Since January 31, 2018, it had 0 insider buys, and 16 insider sales for $30.99 million activity. 8,834 3M Company (NYSE:MMM) shares with value of $2.19 million were sold by Bauman James L. On Thursday, February 1 the insider Vrohidis Ippocratis sold $56,178. Keel Paul A also sold $3.33 million worth of 3M Company (NYSE:MMM) on Thursday, February 1. Vale Michael G. sold 6,243 shares worth $1.54M. THULIN INGE G had sold 35,236 shares worth $8.85 million. $419,846 worth of stock was sold by Gangestad Nicholas C on Thursday, February 1.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.06, from 0.83 in 2017Q4. It fall, as 65 investors sold MMM shares while 643 reduced holdings. 113 funds opened positions while 434 raised stakes. 377.88 million shares or 1.35% less from 383.04 million shares in 2017Q4 were reported. Baldwin Management Lc holds 0.43% or 5,541 shares. Investec Asset Management stated it has 686,990 shares. Liberty Mutual Gp Asset Management has invested 0.16% of its portfolio in 3M Company (NYSE:MMM). Com Of Vermont holds 2.2% of its portfolio in 3M Company (NYSE:MMM) for 106,188 shares. Portland Global Advsr Ltd Liability Company holds 8,997 shares or 0.76% of its portfolio. Farmers Bancshares has 0.59% invested in 3M Company (NYSE:MMM). Massachusetts-based Foster Dykema Cabot Ma has invested 0.11% in 3M Company (NYSE:MMM). Cubist Systematic Strategies Lc has 0.23% invested in 3M Company (NYSE:MMM). Envestnet Asset Mngmt holds 38,155 shares or 0.02% of its portfolio. Chicago Equity Prtn Lc reported 56,270 shares or 0.39% of all its holdings. 584,155 are held by Aperio Ltd Liability. Next Grp stated it has 0.35% in 3M Company (NYSE:MMM). Fiduciary Tru Company invested in 0.82% or 120,410 shares. Carlson accumulated 95,521 shares. Mcf Advsr Ltd Limited Liability Company stated it has 0.09% of its portfolio in 3M Company (NYSE:MMM).

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) has “Hold” rating given on Friday, September 15 by RBC Capital Markets. The firm has “Underweight” rating given on Wednesday, July 26 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, March 30 by UBS. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Tuesday, April 24. The rating was maintained by Credit Suisse with “Buy” on Wednesday, October 11. As per Friday, April 28, the company rating was maintained by Credit Suisse. Stifel Nicolaus maintained 3M Company (NYSE:MMM) on Friday, January 26 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Underperform” on Friday, October 23. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Wednesday, December 16 by UBS. As per Friday, July 24, the company rating was maintained by RBC Capital Markets.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 EPS, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56B for 18.97 P/E if the $2.63 EPS becomes a reality. After $2.50 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

More notable recent 3M Company (NYSE:MMM) news were published by: Nasdaq.com which released: “5 Top Stocks to Buy in June” on June 01, 2018, also Livetradingnews.com with their article: “3M Company (NYSE:MMM) Stock Worth Watching” published on May 23, 2018, Seekingalpha.com published: “The Evolution Of A Stock Price Over 30 Years” on May 31, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Investorplace.com and their article: “Resistance Looms Large for 3M Co Stock — Short It!” published on May 11, 2018 as well as 247Wallst.com‘s news article titled: “Procter & Gamble Still the Dow’s Worst-Performing Stock” with publication date: June 02, 2018.

Another recent and important National Presto Industries, Inc. (NYSE:NPK) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within IDT, National Presto Industries, EnPro Industries …” on May 17, 2018.

Since March 20, 2018, it had 3 insider purchases, and 0 sales for $50,205 activity. Shares for $19,970 were bought by CARDOZO RICHARD N.

Investors sentiment increased to 1.3 in Q1 2018. Its up 0.27, from 1.03 in 2017Q4. It improved, as 13 investors sold NPK shares while 34 reduced holdings. 19 funds opened positions while 42 raised stakes. 4.16 million shares or 3.44% more from 4.02 million shares in 2017Q4 were reported. Signature Fin Mngmt Incorporated accumulated 0.08% or 3,925 shares. Moreover, Barclays Public Ltd Co has 0% invested in National Presto Industries, Inc. (NYSE:NPK). Moreover, Raymond James Serv Advisors Incorporated has 0% invested in National Presto Industries, Inc. (NYSE:NPK). Ameritas Inv reported 420 shares stake. Massmutual Co Fsb Adv has invested 0% in National Presto Industries, Inc. (NYSE:NPK). The Ontario – Canada-based Td Asset Mgmt has invested 0% in National Presto Industries, Inc. (NYSE:NPK). Dimensional Fund Advsrs Ltd Partnership owns 0.01% invested in National Presto Industries, Inc. (NYSE:NPK) for 226,816 shares. State Street holds 304,603 shares or 0% of its portfolio. Rhumbline Advisers has 10,219 shares. Envestnet Asset Management reported 13 shares. Alliancebernstein LP holds 3,400 shares. Eagle Asset Mgmt holds 0.02% or 45,499 shares in its portfolio. Ls Inv Advisors Ltd Llc accumulated 0% or 391 shares. Moreover, Thrivent Financial For Lutherans has 0% invested in National Presto Industries, Inc. (NYSE:NPK). California Public Employees Retirement Sys stated it has 6,100 shares.

National Presto Industries, Inc. (NYSE:NPK) Institutional Positions Chart

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