Could 3M Co (MMM) See a Reversal After Breaking All Highs?

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27 May, 2017

Stifel Nicolaus has "Hold" rating and $202 target. On Thursday, January 21 the stock rating was initiated by Citigroup with "Buy".

The Carlyle Group L.P.is a diversified multi-product global alternative asset management firm. The rating was downgraded by Zacks to "Hold" on Thursday, August 20. On Wednesday, March 30 the stock rating was maintained by Bernstein with "Market Perform". Credit Suisse has "Outperform" rating and $175 target. The stock has "Buy" rating by Rafferty on Tuesday, October 25.

Oakbrook Investments Llc increased Keycorp (KEY) stake by 56.97% reported in 2016Q4 SEC filing. 2,160 are held by Security Natl Bank Of So Dak. Cambridge Company holds 1.48% or 117,998 shares. Following the sale, the insider now owns 2,238 shares in the company, valued at approximately $441,378.36.

About 887,204 shares traded. It has outperformed by 1.89% the S&P500. Rikoon Group LLC acquired a new position in 3M during the third quarter worth approximately $351,000. It also reduced Conocophillips (NYSE:COP) stake by 34,850 shares and now owns 116,000 shares. Sterling Capital Stratton Mid was reduced too. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Therefore 45% are positive.

On average, analysts expect that 3M will report full year earnings of $8.87 per share for the current fiscal year, with EPS estimates ranging from $8.70 to $8.97. UBS maintained 3M Co (NYSE:MMM) on Friday, July 24 with "Buy" rating. RBC Capital Markets maintained the shares of MMM in report on Tuesday, August 4 with "Underperform" rating. Barclays Capital upgraded it to "Overweight" rating and $194 target in Monday, October 24 report. The rating was maintained by Credit Suisse with "Buy" on Friday, April 28. The stock of 3M Co (NYSE:MMM) earned "Buy" rating by UBS on Wednesday, March 30. Royal Bank of Canada restated an "outperform" rating and set a $191.00 price objective (up from $187.00) on shares of 3M in a research report on Saturday, April 29th. Stifel Nicolaus maintained the stock with "Hold" rating in Wednesday, January 25 report. The stock of 3M Co (NYSE:MMM) has "Underperform" rating given on Friday, July 24 by RBC Capital Markets. MoneyOnMobile Inc (OTCMKTS:MOMT) has 0.00% since May 25, 2016 and is. On Tuesday, December 13 Roman Michael F sold $726,480 worth of 3M Co (NYSE:MMM) or 4,036 shares. 10,440 shares were sold by Vale Michael G., worth $1.90 million. The stock of 3M Co (NYSE:MMM) earned "Sector Perform" rating by RBC Capital Markets on Wednesday, December 7. Another trade for 28,183 shares valued at $5.00M was made by THULIN INGE G on Thursday, February 9. McGrath Marlene Mary had sold 14,766 shares worth $2.88 million. Another trade for 1,300 shares valued at $256,388 was sold by Lindekugel Jon T. Shares for $523,613 were sold by Gangestad Nicholas C.

Finally, Jackson Grant Investment Advisers Inc. increased its stake in shares of 3M by 0.6% in the fourth quarter. Its up 0.08, from 0.78 in 2016Q3.

Shares of 3M Co (NYSE:MMM) opened at 199.54 on Friday. Jackson Grant Investment Advisers Inc. raised its position in shares of 3M by 0.6% in the fourth quarter. The conglomerate reported $2.16 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.07 by $0.09.

MMM has been the topic of a number of research reports. Bb&T invested in 83,093 shares or 0.3% of the stock. Invesco reported 1.63M shares or 0.1% of all its holdings. Marshwinds Advisory Company has 1.75% invested in 3M Co (NYSE:MMM). Ibm Retirement Fund reported 55,282 shares or 0.44% of all its holdings. Berkshire Asset Management Ltd Liability Pa has 6,002 shares for 0.14% of their portfolio. Bartlett And Ltd stated it has 32,181 shares. Ameriprise Financial Inc. now owns 1,789,729 shares of the conglomerate's stock worth $315,408,000 after buying an additional 734,451 shares during the period. Employees Retirement Association Of Colorado reported 0.16% of its portfolio in 3M Co (NYSE:MMM). Inverness Counsel Limited Liability reported 12,771 shares.

Hollencrest Securities LLC decreased its stake in shares of 3M Co (NYSE:MMM) by 14.1% during the first quarter, according to its most recent 13F filing with the SEC. Peninsula Asset owns 16,959 shares. California-based First Quadrant Lp Ca has invested 0.02% in 3M Co (NYSE:MMM).

Investors sentiment increased to 1.38 in Q4 2016. Clean Yield Gru accumulated 20,718 shares. Blackrock stated it has 0% of its portfolio in Fabrinet (NYSE:FN). Stifel invested in 0% or 27,524 shares.

Reilly Advsr Limited Liability Company owns 618 shares. Saybrook Nc accumulated 38,581 shares. Moreover, Kcg Hldg has 0.01% invested in Fabrinet (NYSE:FN). State Of Tennessee Treasury Department reported 28,790 shares. 3M posted earnings of $2.08 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.6%. KeyCorp (NYSE:KEY) has risen 43.10% since May 24, 2016 and is uptrending. It has underperformed by 8.03% the S&P500. Also, insider Paul A. Keel sold 8,440 shares of the stock in a transaction on Monday, February 13th. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. It has a 12.57 P/E ratio. The Company's customer base includes companies in industries that require precision manufacturing capabilities, such as optical communications, industrial lasers, automotive, medical and sensors.

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