3M Co (MMM) Stock Price Declined While Garland Capital Management Has Cut by $625,100 Its Position; Agrium (AGU) Holder Scheer Rowlett & Associates Investment Management LTD Lowered Its Holding

May 27, 2018 - By Nellie Frank

3M Company (NYSE:MMM) Logo

Scheer Rowlett & Associates Investment Management Ltd decreased its stake in Agrium Inc. (AGU) by 2.11% based on its latest 2017Q4 regulatory filing with the SEC. Scheer Rowlett & Associates Investment Management Ltd sold 15,598 shares as the company’s stock 0.00% . The institutional investor held 724,464 shares of the agricultural chemicals company at the end of 2017Q4, valued at $83.60 million, down from 740,062 at the end of the previous reported quarter. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Agrium Inc. for a number of months, seems to be less bullish one the $ market cap company. The stock increased 0.36% or $0.41 during the last trading session, reaching $115. About 833,843 shares traded or Infinity% up from the average. Agrium Inc. (NYSE:AGU) has 0.00% since May 27, 2017 and is . It has underperformed by 11.55% the S&P500.

Garland Capital Management Inc decreased its stake in 3M Co (MMM) by 9.45% based on its latest 2017Q4 regulatory filing with the SEC. Garland Capital Management Inc sold 2,660 shares as the company’s stock declined 8.03% with the market. The institutional investor held 25,492 shares of the medical and dental instruments company at the end of 2017Q4, valued at $6.00 million, down from 28,152 at the end of the previous reported quarter. Garland Capital Management Inc who had been investing in 3M Co for a number of months, seems to be less bullish one the $118.16B market cap company. The stock decreased 0.19% or $0.38 during the last trading session, reaching $199.03. About 1.69M shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 27, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Scheer Rowlett & Associates Investment Management Ltd, which manages about $1.71 billion US Long portfolio, upped its stake in Crescent Point Energy Corp. (NYSE:CPG) by 2.00M shares to 4.54 million shares, valued at $34.71 million in 2017Q4, according to the filing. It also increased its holding in Teck Resources Ltd. (NYSE:TCK) by 136,792 shares in the quarter, for a total of 757,272 shares, and has risen its stake in Transalta Corp. (NYSE:TAC).

Among 25 analysts covering Agrium Inc. (NYSE:AGU), 14 have Buy rating, 2 Sell and 9 Hold. Therefore 56% are positive. Agrium Inc. had 78 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Agrium Inc. (NYSE:AGU) earned “Outperform” rating by RBC Capital Markets on Monday, February 13. As per Thursday, August 18, the company rating was maintained by Barclays Capital. The stock of Agrium Inc. (NYSE:AGU) has “Outperform” rating given on Wednesday, October 21 by RBC Capital Markets. As per Friday, August 5, the company rating was upgraded by CLSA. The stock of Agrium Inc. (NYSE:AGU) has “Overweight” rating given on Monday, October 5 by Barclays Capital. The company was maintained on Thursday, February 11 by Barclays Capital. The firm earned “Buy” rating on Tuesday, June 27 by RBC Capital Markets. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, September 13. The company was downgraded on Thursday, June 9 by Credit Agricole. The company was upgraded on Tuesday, May 31 by Stifel Nicolaus.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 earnings per share, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56B for 18.92 P/E if the $2.63 EPS becomes a reality. After $2.50 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

Since January 31, 2018, it had 0 insider purchases, and 16 selling transactions for $30.99 million activity. 13,480 3M Company (NYSE:MMM) shares with value of $3.33M were sold by Keel Paul A. $56,178 worth of stock was sold by Vrohidis Ippocratis on Thursday, February 1. Shin Hak Cheol sold 1,900 shares worth $474,944. Another trade for 1,681 shares valued at $419,846 was sold by Gangestad Nicholas C. $1.54M worth of 3M Company (NYSE:MMM) was sold by Vale Michael G. on Friday, February 2. $700,790 worth of 3M Company (NYSE:MMM) was sold by Bauman James L on Friday, February 2.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) earned “Outperform” rating by Credit Suisse on Wednesday, October 25. The firm earned “Underperform” rating on Wednesday, December 16 by RBC Capital Markets. Barclays Capital maintained the shares of MMM in report on Monday, March 26 with “Underweight” rating. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by RBC Capital Markets on Tuesday, July 25. The rating was maintained by Barclays Capital on Monday, October 5 with “Equal-Weight”. The firm earned “Buy” rating on Thursday, May 3 by RBC Capital Markets. Stifel Nicolaus maintained 3M Company (NYSE:MMM) on Wednesday, December 13 with “Hold” rating. RBC Capital Markets maintained it with “Hold” rating and $24100 target in Thursday, March 22 report. On Wednesday, July 26 the stock rating was maintained by Morgan Stanley with “Underweight”. Jefferies maintained it with “Buy” rating and $234.0 target in Monday, August 14 report.

More notable recent 3M Company (NYSE:MMM) news were published by: Benzinga.com which released: “RBC: 3M Remains One Of The Strongest Industrials” on May 03, 2018, also 247Wallst.com with their article: “Procter & Gamble Remains the Dow’s Worst Performing Stock” published on May 26, 2018, Livetradingnews.com published: “3M Company (NYSE:MMM) Stock Oversold” on April 30, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Livetradingnews.com and their article: “3M Company (NYSE:MMM) Stock Worth Watching” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “Jefferies cautious on 3M amid rate, recession fears” with publication date: May 16, 2018.

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.06, from 0.77 in 2017Q3. It improved, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. Garde Capital holds 4,560 shares or 0.2% of its portfolio. Private Tru Na holds 0.98% in 3M Company (NYSE:MMM) or 19,591 shares. Modera Wealth Mngmt Ltd Company accumulated 14,462 shares or 0.73% of the stock. Mitchell Sinkler And Starr Pa holds 2.49% or 7,147 shares in its portfolio. Eastern Savings Bank accumulated 11,958 shares. Azimuth Capital Mngmt Limited Co invested in 50,585 shares. Sei Invs has invested 0.14% of its portfolio in 3M Company (NYSE:MMM). Swedbank stated it has 528,495 shares or 0.67% of all its holdings. Cohen Lawrence B has invested 2.7% of its portfolio in 3M Company (NYSE:MMM). Hall Laurie J Trustee has 36,846 shares for 4.94% of their portfolio. Abner Herrman Brock Limited Liability Corp reported 0.23% of its portfolio in 3M Company (NYSE:MMM). 404,378 are owned by Fifth Third Savings Bank. Gratry Ltd Company holds 0.28% of its portfolio in 3M Company (NYSE:MMM) for 1,000 shares. Nuwave Investment Management reported 2,368 shares or 0.66% of all its holdings. Janney Capital Limited holds 0.69% or 68,515 shares.

3M Company (NYSE:MMM) Institutional Positions Chart

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