Norinchukin Bank The Position In 3M Co (MMM) Was Has Boosted

July 14, 2018 - By Darrin Black

3M Company (NYSE:MMM) LogoInvestors sentiment decreased to 0.77 in 2018 Q1. 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. Moller Financial Svcs holds 1,801 shares. Cwm Ltd Liability Co has invested 0.01% of its portfolio in 3M Company (NYSE:MMM). Benedict Fin Advsr owns 8,181 shares for 0.9% of their portfolio. Van Hulzen Asset Mngmt Lc holds 12,943 shares or 0.87% of its portfolio. Security National Tru holds 2.15% in 3M Company (NYSE:MMM) or 29,493 shares. Main Street accumulated 2,401 shares. State Treasurer State Of Michigan holds 0.31% of its portfolio in 3M Company (NYSE:MMM) for 175,276 shares. Westwood Hldgs Gp invested in 0.07% or 37,894 shares. 400,986 are held by Fifth Third Comml Bank. X Management Co Ltd Liability reported 7,782 shares. Toth Advisory accumulated 1,099 shares. Peak Asset Mgmt Ltd Limited Liability Company invested 0.32% in 3M Company (NYSE:MMM). Hamel Assocs invested 0.43% of its portfolio in 3M Company (NYSE:MMM). Moreover, Woodmont Investment Counsel Ltd Liability Corp has 0.78% invested in 3M Company (NYSE:MMM). Cullen Frost Bankers Inc holds 35,025 shares or 0.23% of its portfolio.

Since January 31, 2018, it had 0 insider purchases, and 16 insider sales for $30.99 million activity. 18,866 shares were sold by THULIN INGE G, worth $4.75M on Wednesday, January 31. Shares for $56,178 were sold by Vrohidis Ippocratis on Thursday, February 1. $2.19M worth of 3M Company (NYSE:MMM) was sold by Bauman James L. Gangestad Nicholas C sold $419,846 worth of 3M Company (NYSE:MMM) on Thursday, February 1. 3,133 shares were sold by Little Frank R Jr., worth $742,051. Another trade for 4,146 shares valued at $1.02M was sold by Roman Michael F.

Norinchukin Bank The increased its stake in 3M Co (MMM) by 15.08% based on its latest 2018Q1 regulatory filing with the SEC. Norinchukin Bank The bought 51,866 shares as the company’s stock declined 18.48% with the market. The institutional investor held 395,894 shares of the medical and dental instruments company at the end of 2018Q1, valued at $86.91 million, up from 344,028 at the end of the previous reported quarter. Norinchukin Bank The who had been investing in 3M Co for a number of months, seems to be bullish on the $119.44 billion market cap company. The stock increased 0.93% or $1.86 during the last trading session, reaching $201.18. About 1.63M shares traded. 3M Company (NYSE:MMM) has declined 0.26% since July 14, 2017 and is downtrending. It has underperformed by 12.83% the S&P500.

More recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “Which Stocks Are Immune To Trade War? – Cramer’s Mad Money (7/11/18)” on July 12, 2018. Also Seekingalpha.com published the news titled: “Dividend Champion Spotlight: 3M Company” on July 12, 2018. 247Wallst.com‘s news article titled: “3M Moves In as Year’s Worst-Performing Dow Stock” with publication date: July 07, 2018 was also an interesting one.

3M Company (NYSE:MMM) Ratings Coverage

Among 12 analysts covering 3M Company (NYSE:MMM), 5 have Buy rating, 3 Sell and 4 Hold. Therefore 42% are positive. 3M Company has $28400 highest and $208 lowest target. $226.91’s average target is 12.79% above currents $201.18 stock price. 3M Company had 23 analyst reports since January 18, 2018 according to SRatingsIntel. Stifel Nicolaus maintained the shares of MMM in report on Wednesday, April 25 with “Hold” rating. The rating was maintained by UBS on Thursday, April 26 with “Neutral”. The rating was maintained by Stifel Nicolaus on Thursday, February 15 with “Hold”. Deutsche Bank maintained it with “Hold” rating and $208 target in Thursday, July 12 report. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, April 25 report. The stock has “Buy” rating by Deutsche Bank on Tuesday, February 13. As per Thursday, May 3, the company rating was upgraded by RBC Capital Markets. RBC Capital Markets maintained 3M Company (NYSE:MMM) on Thursday, January 25 with “Hold” rating. As per Monday, March 26, the company rating was maintained by Barclays Capital. On Tuesday, April 3 the stock rating was maintained by Stifel Nicolaus with “Hold”.

3M Company (NYSE:MMM) Institutional Positions Chart

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