3M Company (MMM) Market Valuation Rose While Lodestar Investment Counsel Has Boosted Its Position; Simcoe Capital Management Increases Holding in Ituran Location And Control (ITRN)

February 23, 2018 - By John Mackenzie

Lodestar Investment Counsel Llc increased its stake in 3M Company (MMM) by 4.25% based on its latest 2017Q3 regulatory filing with the SEC. Lodestar Investment Counsel Llc bought 3,420 shares as the company’s stock rose 7.02% with the market. The institutional investor held 83,875 shares of the medical and dental instruments company at the end of 2017Q3, valued at $17.61M, up from 80,455 at the end of the previous reported quarter. Lodestar Investment Counsel Llc who had been investing in 3M Company for a number of months, seems to be bullish on the $140.66 billion market cap company. The stock increased 0.09% or $0.2 during the last trading session, reaching $236.2. About 395,013 shares traded. 3M Company (NYSE:MMM) has risen 18.59% since February 23, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Simcoe Capital Management Llc increased its stake in Ituran Location And Control (ITRN) by 635.78% based on its latest 2017Q3 regulatory filing with the SEC. Simcoe Capital Management Llc bought 540,372 shares as the company’s stock rose 13.25% with the market. The institutional investor held 625,365 shares of the electronic components company at the end of 2017Q3, valued at $22.54M, up from 84,993 at the end of the previous reported quarter. Simcoe Capital Management Llc who had been investing in Ituran Location And Control for a number of months, seems to be bullish on the $704.20M market cap company. The stock increased 0.10% or $0.03 during the last trading session, reaching $33.58. About 3,515 shares traded. Ituran Location and Control Ltd. (NASDAQ:ITRN) has risen 53.77% since February 23, 2017 and is uptrending. It has outperformed by 37.07% the S&P500.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It dived, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. Moreover, Alexandria Lc has 0.06% invested in 3M Company (NYSE:MMM) for 1,082 shares. 40,129 were reported by Culbertson A N And Communications. Fiera Cap Corp accumulated 2.08% or 2.08M shares. Parthenon Lc has 0.47% invested in 3M Company (NYSE:MMM) for 9,389 shares. Fjarde Ap has invested 0.59% in 3M Company (NYSE:MMM). Illinois-based Wolverine Asset Mngmt Lc has invested 0.03% in 3M Company (NYSE:MMM). Argent Tru Communication invested 1.6% in 3M Company (NYSE:MMM). Nordea Investment Mngmt Ab has invested 0.09% in 3M Company (NYSE:MMM). Bremer Trust Association invested in 37,157 shares or 2.17% of the stock. Intersect Cap Limited Liability holds 0.32% in 3M Company (NYSE:MMM) or 2,690 shares. Covington Cap Management holds 0.87% or 62,478 shares in its portfolio. Findlay Park Prtnrs Ltd Liability Partnership has 3.9% invested in 3M Company (NYSE:MMM) for 1.88 million shares. Boston Common Asset Mgmt accumulated 1.08% or 41,272 shares. Neuberger Berman Gru Limited Liability Corporation reported 1.60 million shares. Clearbridge Invests Limited Liability owns 2.45M shares.

Since October 27, 2017, it had 0 buys, and 20 insider sales for $33.77 million activity. THULIN INGE G sold $8.85 million worth of 3M Company (NYSE:MMM) on Wednesday, January 31. 8,014 3M Company (NYSE:MMM) shares with value of $2.00M were sold by Shin Hak Cheol. Another trade for 1,500 shares valued at $351,708 was made by Little Frank R Jr. on Friday, October 27. Bauman James L sold $700,790 worth of stock or 2,826 shares. Another trade for 1,681 shares valued at $419,846 was sold by Gangestad Nicholas C. $547,377 worth of stock was sold by Fong Ivan K on Friday, October 27.

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M had 79 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, October 23 with “Underperform”. The rating was maintained by Jefferies on Thursday, July 13 with “Buy”. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, July 25. UBS maintained it with “Buy” rating and $175 target in Wednesday, December 16 report. Jefferies maintained 3M Company (NYSE:MMM) on Thursday, June 1 with “Buy” rating. The stock of 3M Company (NYSE:MMM) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. On Thursday, February 15 the stock rating was maintained by Stifel Nicolaus with “Hold”. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, December 13 report. The firm has “Hold” rating given on Wednesday, December 14 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, March 30 by UBS.

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