3M (NYSE:MMM – Get Free Report)’s stock price shot up 2.7% on Wednesday following a better than expected earnings announcement. The company traded as high as $99.70 and last traded at $99.13. 4,265,833 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 5,827,912 shares. The stock had previously […]
3M (NYSE:MMM – Get Free Report) announced its quarterly earnings results on Tuesday. The conglomerate reported $2.39 EPS for the quarter, topping the consensus estimate of $2.10 by $0.29, Yahoo Finance reports. 3M had a negative net margin of 21.57% and a positive return on equity of 95.80%. The firm had revenue of $8 billion […]
Strategic Financial Concepts LLC raised its stake in 3M (NYSE:MMM – Free Report) by 63.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,172 shares of the conglomerate’s stock after buying an additional 1,625 shares during the period. Strategic Financial […]
3M (NYSE:MMM – Get Free Report) had its price objective raised by equities researchers at Royal Bank of Canada from $78.00 to $87.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “underperform” rating on the conglomerate’s stock. Royal Bank of Canada’s price target indicates a potential downside of 11.97% […]
Marco Investment Management LLC purchased a new stake in 3M (NYSE:MMM – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,265 shares of the conglomerate’s stock, valued at approximately $248,000. Several other hedge funds have also made changes to […]