Tukman Grossman Capital Management Lowered 3M Co (MMM) Position; Duluth Holdings – Class B (DLTH) Sellers Increased By 8.8% Their Shorts

Tukman Grossman Capital Management Inc decreased 3M Co (MMM) stake by 61.64% reported in 2017Q3 SEC filing. Tukman Grossman Capital Management Inc sold 28,800 shares as 3M Co (MMM)’s stock rose 7.02%. The Tukman Grossman Capital Management Inc holds 17,926 shares with $3.76 million value, down from 46,726 last quarter. 3M Co now has $137.76B valuation. The stock decreased 1.77% or $4.17 during the last trading session, reaching $231.34. About 3.49M shares traded or 41.86% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since March 2, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Duluth Holdings Inc – Class B (NASDAQ:DLTH) had an increase of 8.8% in short interest. DLTH’s SI was 6.23 million shares in March as released by FINRA. Its up 8.8% from 5.72 million shares previously. With 186,200 avg volume, 33 days are for Duluth Holdings Inc – Class B (NASDAQ:DLTH)’s short sellers to cover DLTH’s short positions. The SI to Duluth Holdings Inc – Class B’s float is 63.98%. The stock increased 1.19% or $0.2 during the last trading session, reaching $17.02. About 204,047 shares traded. Duluth Holdings Inc. (NASDAQ:DLTH) has declined 9.53% since March 2, 2017 and is downtrending. It has underperformed by 26.23% the S&P500.

Since October 27, 2017, it had 0 buys, and 21 selling transactions for $34.51 million activity. On Wednesday, January 31 the insider THULIN INGE G sold $4.75M. Shares for $547,377 were sold by Fong Ivan K. Shares for $742,051 were sold by Little Frank R Jr. on Friday, February 23. $936,291 worth of 3M Company (NYSE:MMM) was sold by Gangestad Nicholas C on Friday, October 27. Vale Michael G. sold $1.54 million worth of stock or 6,243 shares. Shin Hak Cheol sold $1.86M worth of stock. Keel Paul A also sold $3.33 million worth of 3M Company (NYSE:MMM) on Thursday, February 1.

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24. They expect $2.53 earnings per share, up 17.13% or $0.37 from last year’s $2.16 per share. MMM’s profit will be $1.51B for 22.86 P/E if the $2.53 EPS becomes a reality. After $2.10 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 20.48% EPS growth.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It turned negative, 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. The Missouri-based Century has invested 0.54% in 3M Company (NYSE:MMM). The New York-based Loeb Partners has invested 0.23% in 3M Company (NYSE:MMM). Edgestream Ptnrs Ltd Partnership owns 3,882 shares or 0.43% of their US portfolio. Saturna Cap Corporation has 262,867 shares for 1.79% of their portfolio. Fred Alger Mngmt invested 0% in 3M Company (NYSE:MMM). Texas-based Exxonmobil Investment Mngmt Tx has invested 0.58% in 3M Company (NYSE:MMM). New York-based Neuberger Berman Ltd Llc has invested 0.42% in 3M Company (NYSE:MMM). Oakworth Capital reported 7,250 shares or 0.38% of all its holdings. Motco reported 0.14% stake. Alpha Cubed Limited Liability owns 6,299 shares or 0.2% of their US portfolio. Barrington Strategic Wealth Mngmt Limited Co reported 0.2% of its portfolio in 3M Company (NYSE:MMM). Ronna Sue Cohen holds 10,857 shares or 1.74% of its portfolio. 124 are owned by Shine Inv Advisory Ser Inc. Firsthand Cap Management reported 0.19% of its portfolio in 3M Company (NYSE:MMM). Economic Planning Grp Adv has invested 0.13% in 3M Company (NYSE:MMM).

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M has $275.0 highest and $135 lowest target. $232.40’s average target is 0.46% above currents $231.34 stock price. 3M had 79 analyst reports since July 24, 2015 according to SRatingsIntel. Citigroup maintained the shares of MMM in report on Monday, October 9 with “Buy” rating. On Friday, May 26 the stock rating was maintained by Jefferies with “Buy”. The company was maintained on Wednesday, October 25 by Citigroup. The company was maintained on Tuesday, July 25 by RBC Capital Markets. RBC Capital Markets maintained 3M Company (NYSE:MMM) on Tuesday, December 12 with “Hold” rating. J.P. Morgan maintained 3M Company (NYSE:MMM) on Thursday, January 18 with “Sell” rating. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Bank of America on Wednesday, October 25. The stock has “Underperform” rating by RBC Capital Markets on Friday, October 23. Bernstein maintained 3M Company (NYSE:MMM) rating on Wednesday, March 30. Bernstein has “Market Perform” rating and $170 target. The firm has “Underperform” rating by RBC Capital Markets given on Wednesday, October 26.