J. W. Burns & Company continued to hold its stake in 3M Co (NYSE:MMM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,275 shares of the company’s stock at the end of the fourth quarter. J. W. Burns & Company’s holdings in 3M were worth $493,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. First American Trust acquired a new stake in shares of 3M during the fourth quarter worth about $204,000. Hollencrest Securities raised its stake in shares of 3M by 2.6% in the fourth quarter. Hollencrest Securities now owns 1,779 shares of the company’s stock worth $268,000 after buying an additional 45 shares in the last quarter. Founders Capital Management raised its stake in shares of 3M by 0.4% in the fourth quarter. Founders Capital Management now owns 1,900 shares of the company’s stock worth $286,000 after buying an additional 8 shares in the last quarter. Renaissance Investment Group raised its stake in shares of 3M by 51.4% in the fourth quarter. Renaissance Investment Group now owns 2,401 shares of the company’s stock worth $362,000 after buying an additional 815 shares in the last quarter. Finally, Palo Capital raised its stake in shares of 3M by 7.0% in the third quarter. Palo Capital now owns 6,090 shares of the company’s stock worth $863,000 after buying an additional 400 shares in the last quarter.

Shares of 3M Co (NYSE:MMM) traded up 1.28% on Friday, reaching $139.52. The company had a trading volume of 2,979,077 shares. The firm’s 50 day moving average is $147.60 and its 200 day moving average is $149.34. The firm has a market capitalization of $85.90 billion and a PE ratio of 18.03. 3M Co has a 12 month low of $134.00 and a 12 month high of $170.50.

MMM has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on 3M from $156.00 to $147.00 in a research note on Wednesday, October 7th. Bank of America reduced their price objective on 3M from $181.00 to $178.00 in a report on Friday, October 16th. Zacks Investment Research upgraded 3M from a “sell” rating to a “hold” rating in a report on Monday, December 7th. Barclays raised their price objective on 3M from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. Finally, Credit Suisse raised their price objective on 3M from $167.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, December 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $160.32.

In related news, VP Marlene Mary Mcgrath sold 9,126 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $159.26, for a total value of $1,453,406.76. Following the transaction, the vice president now directly owns 10,198 shares in the company, valued at $1,624,133.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Khandpur K. Ashish sold 3,155 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $156.60, for a total value of $494,073.00. Following the completion of the transaction, the vice president now owns 951 shares in the company, valued at $148,926.60. The disclosure for this sale can be found here.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial, which serves a range of markets, such as automotive original equipment manufacturer (NYSE:MMM) and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction; Safety and Graphics, which serves a range of markets for the safety, security and productivity of people, facilities and systems; Electronics and Energy, which serves customers in electronics and energy markets, including solutions for electronic devices, telecommunications networks, electrical products, power generation and distribution, and infrastructure protection; Health Care, which serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems, and Consumer, which serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets.

12 Month Chart for NYSE:MMM

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