Pennsylvania Trust Company increased its position in 3M Co (NYSE:MMM) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 110,374 shares of the company’s stock after buying an additional 2,261 shares during the period. 3M accounts for 1.4% of Pennsylvania Trust Company’s holdings, making the stock its 15th largest position. Pennsylvania Trust Company’s holdings in 3M were worth $16,627,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First American Trust bought a new position in 3M during the fourth quarter worth approximately $204,000. Hollencrest Securities raised its position in 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 during the period. Vicus Capital raised its position in 3M by 6.0% in the fourth quarter. Vicus Capital now owns 1,849 shares of the company’s stock worth $279,000 after buying an additional 105 shares during the period. Founders Capital Management raised its position in 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 during the period. Finally, Renaissance Investment Group raised its position in 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 during the period.

Shares of 3M Co (NYSE:MMM) opened at 139.52 on Monday. 3M Co has a 12 month low of $134.00 and a 12 month high of $170.50. The company’s 50-day moving average price is $147.60 and its 200-day moving average price is $149.34. The company has a market cap of $85.90 billion and a price-to-earnings ratio of 18.03.

A number of equities analysts have commented on the company. RBC Capital lowered their price objective on 3M from $141.00 to $138.00 and set an “underperform” rating on the stock in a research note on Friday, October 23rd. Credit Suisse raised their price objective on 3M from $167.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, December 14th. Citigroup Inc. assumed coverage on 3M in a research note on Thursday. They set a “buy” rating and a $166.00 price objective on the stock. Zacks Investment Research upgraded 3M from a “sell” rating to a “hold” rating in a research note on Monday, December 7th. Finally, Bank of America lowered their price objective on 3M from $181.00 to $178.00 in a research note on Friday, October 16th. 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 assigned a strong buy rating to the stock. 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 stock in a transaction 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 owns 10,198 shares of the company’s stock, valued at $1,624,133.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joaquin Delgado sold 11,370 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $158.29, for a total value of $1,799,757.30. Following the transaction, the executive vice president now directly owns 14,568 shares in the company, valued at $2,305,968.72. 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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