EPS for 3M Co (MMM) Expected At $2.44

July 17, 2017 - By Hazel Jackson

 EPS for 3M Co (MMM) Expected At $2.44
Investors sentiment increased to 0.86 in 2016 Q4. Its up 0.08, from 0.78 in 2016Q3. It improved, as 67 investors sold 3M Co shares while 592 reduced holdings. 100 funds opened positions while 464 raised stakes. 383.70 million shares or 2.52% more from 374.26 million shares in 2016Q3 were reported.
Meridian Invest Counsel holds 10,509 shares or 1.25% of its portfolio. Regal Invest Lc reported 0.45% stake. Fiduciary Trust has 0.85% invested in 3M Co (NYSE:MMM). Silvercrest Asset Mgmt Ltd reported 87,664 shares. Guardian Life Insur Of America reported 2,304 shares. Martingale Asset Mngmt Limited Partnership accumulated 0.58% or 231,808 shares. State Board Of Administration Of Florida Retirement System holds 0.47% or 862,993 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System reported 0.11% stake. Pekin Singer Strauss Asset Management Il holds 0.03% in 3M Co (NYSE:MMM) or 2,068 shares. Hexavest Incorporated holds 0% in 3M Co (NYSE:MMM) or 89 shares. Illinois-based Lodestar Inv Counsel Ltd Liability Corporation Il has invested 1.97% in 3M Co (NYSE:MMM). Cs Mckee Lp owns 72,760 shares for 0.99% of their portfolio. Arvest Bancorporation Trust Division has 0.03% invested in 3M Co (NYSE:MMM) for 2,096 shares. Washington Tru reported 53,954 shares. Accredited holds 9,394 shares or 0.43% of its portfolio.

Since February 8, 2017, it had 0 insider purchases, and 14 selling transactions for $30.89 million activity. 3,016 shares were sold by Price Kimberly F, worth $597,500. Another trade for 14,680 shares valued at $2.60M was sold by THULIN INGE G. Shares for $207,406 were sold by Delgado Joaquin. Another trade for 47,528 shares valued at $8.41 million was sold by Shin Hak Cheol. $613,250 worth of 3M Co (NYSE:MMM) was sold by Ashish Khandpur K on Monday, February 13. $523,613 worth of 3M Co (NYSE:MMM) was sold by Gangestad Nicholas C on Monday, February 13. The insider Vale Michael G. sold 10,440 shares worth $1.90 million.

Investors wait 3M Co (NYSE:MMM) to report on July, 25. its quarterly earnings Wall Street analysts expect $2.44 EPS, up $0.36 or 17.31 % from last year’s $2.08 same quarter earnings. This translates into $1.46 billion profit for MMM giving the stock a 21.70 P/E. This is assuming the current $2.44 EPS is accurate. 3M Co’s Wall Street analysts see 12.96 % EPS growth, taking into account the $2.16 EPS reproted in the previous quarter, About 679,572 shares traded. 3M Co (NYSE:MMM) has risen 18.59% since July 17, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

3M Co (NYSE:MMM) Ratings Coverage

Among 12 analysts covering 3M (NYSE:MMM), 6 have Buy rating, 2 Sell and 4 Hold. Therefore 50% are positive. 3M had 46 analyst reports since July 24, 2015 according to SRatingsIntel. Goldman Sachs downgraded the stock to “Sell” rating in Monday, November 21 report. The rating was maintained by UBS with “Buy” on Friday, July 24. The firm has “Buy” rating by Citigroup given on Thursday, January 21. Jefferies maintained 3M Co (NYSE:MMM) rating on Thursday, July 13. Jefferies has “Buy” rating and $23400 target. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, April 26. Bernstein maintained the stock with “Market Perform” rating in Wednesday, March 30 report. RBC Capital Markets maintained the stock with “Underperform” rating in Wednesday, October 26 report. As per Monday, October 5, the company rating was maintained by Barclays Capital. The stock has “Hold” rating by RBC Capital Markets on Monday, July 10. The stock of 3M Co (NYSE:MMM) earned “Buy” rating by UBS on Wednesday, December 16.

3M Company is a technology company. It operates through five divisions. The company has market cap of $126.90 billion. The Industrial segment serves a range of markets, such as automotive original equipment maker and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction. It has a 25.61 P/E ratio. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

More notable recent 3M Co (NYSE:MMM) news were published by: Nasdaq.com which released: “Trust Co Of Toledo Na Buys AT&T Inc, 3M Co, Union Pacific Corp, Sells Kohl’s …” on July 13, 2017, also Startribune.com with their article: “Michael Roman takes 3M’s top operating role, becoming potential successor to CEO” published on June 20, 2017, Bizjournals.com published: “Austin real estate investment firm buys large 3M campus” on June 28, 2017. More interesting news about 3M Co (NYSE:MMM) were released by: Gurufocus.com and their article: “Trust Co Of Toledo Na Buys AT&T Inc, 3M Co, Union Pacific Corp, Sells Kohl’s …” published on July 12, 2017 as well as Gurufocus.com‘s news article titled: “Grubman Wealth Management Buys Costco Wholesale Corp, 3M Co, Abeona …” with publication date: July 10, 2017.

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