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3M Co (MMM) Holder Conning Has Cut Its Position; As Cooper Std Hldgs (CPS) Stock Declined, Silver Point Capital LP Has Trimmed by $22.83 Million Its Stake

Conning Inc decreased its stake in 3M Co (MMM) by 3.98% based on its latest 2017Q3 regulatory filing with the SEC. Conning Inc sold 6,171 shares as the company’s stock rose 7.02% with the market. The institutional investor held 148,941 shares of the medical and dental instruments company at the end of 2017Q3, valued at $31.26 million, down from 155,112 at the end of the previous reported quarter. Conning Inc who had been investing in 3M Co for a number of months, seems to be less bullish one the $141.15B market cap company. The stock increased 0.43% or $1.02 during the last trading session, reaching $237.02. About 1.62 million shares traded. 3M Company (NYSE:MMM) has risen 18.59% since February 24, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Edward A. Mule decreased its stake in Cooper Std Hldgs Inc (CPS) by 14.03% based on its latest 2017Q3 regulatory filing with the SEC. Silver Point Capital Lp sold 198,500 shares as the company’s stock declined 4.98% while stock markets rallied. The hedge fund run by Edward A. Mule held 1.22 million shares of the o.e.m. company at the end of 2017Q3, valued at $141.01M, down from 1.41 million at the end of the previous reported quarter. Silver Point Capital Lp who had been investing in Cooper Std Hldgs Inc for a number of months, seems to be less bullish one the $2.19B market cap company. The stock increased 0.38% or $0.46 during the last trading session, reaching $122.19. About 72,074 shares traded. Cooper-Standard Holdings Inc. (NYSE:CPS) has risen 26.08% since February 24, 2017 and is uptrending. It has outperformed by 9.38% the S&P500.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It is 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. Jfs Wealth Lc, Pennsylvania-based fund reported 487 shares. Loeb Partners holds 0.23% or 3,600 shares in its portfolio. Arcadia Investment Mgmt Mi accumulated 2,780 shares. Edgemoor Invest invested 2.55% of its portfolio in 3M Company (NYSE:MMM). The United Kingdom-based Barclays Public Ltd has invested 0.21% in 3M Company (NYSE:MMM). Savant Cap Llc holds 6,181 shares or 0.29% of its portfolio. Garrison Bradford & Assocs owns 4,000 shares or 0.7% of their US portfolio. Moreover, Pettyjohn Wood & White has 0.95% invested in 3M Company (NYSE:MMM) for 12,161 shares. Edgar Lomax Va accumulated 74,794 shares. Goelzer Investment Mgmt owns 25,971 shares for 0.64% of their portfolio. Forte Ltd Liability Co Adv accumulated 2,697 shares or 0.18% of the stock. Moreover, Boulegeris Invests Incorporated has 0.19% invested in 3M Company (NYSE:MMM) for 1,630 shares. 5,392 were reported by Manchester Capital Mngmt Limited Liability Com. Boltwood Mgmt accumulated 2,837 shares. Blue Chip Prtn Inc has 1,721 shares for 0.12% of their portfolio.

Since October 27, 2017, it had 0 insider purchases, and 20 selling transactions for $33.77 million activity. $1.02M worth of stock was sold by Roman Michael F on Friday, February 2. THULIN INGE G sold $1.59 million worth of stock or 6,823 shares. Fong Ivan K also sold $547,377 worth of 3M Company (NYSE:MMM) on Friday, October 27. Shin Hak Cheol sold $474,944 worth of 3M Company (NYSE:MMM) on Thursday, February 1. Shares for $351,708 were sold by Little Frank R Jr. on Friday, October 27. $2.19M worth of 3M Company (NYSE:MMM) was sold by Bauman James L on Friday, February 2.

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24. They expect $2.53 EPS, up 17.13% or $0.37 from last year’s $2.16 per share. MMM’s profit will be $1.51 billion for 23.42 P/E if the $2.53 EPS becomes a reality. After $2.10 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 20.48% EPS growth.

Conning Inc, which manages about $80.03 billion and $2.94B US Long portfolio, upped its stake in Dominion Energy Inc (NYSE:D) by 35,425 shares to 52,813 shares, valued at $4.06 million in 2017Q3, according to the filing. It also increased its holding in At&T Inc (NYSE:T) by 179,778 shares in the quarter, for a total of 1.22M shares, and has risen its stake in Altria Group Inc (NYSE:MO).

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. As per Monday, October 2, the company rating was maintained by Morgan Stanley. UBS maintained it with “Buy” rating and $190 target in Wednesday, March 30 report. As per Wednesday, October 25, the company rating was upgraded by Goldman Sachs. RBC Capital Markets maintained 3M Company (NYSE:MMM) on Friday, October 23 with “Underperform” rating. The company was maintained on Wednesday, October 26 by RBC Capital Markets. The stock has “Outperform” rating by Credit Suisse on Friday, September 25. The company was maintained on Wednesday, October 25 by Argus Research. On Monday, October 24 the stock rating was upgraded by Barclays Capital to “Overweight”. The firm earned “Underweight” rating on Wednesday, July 26 by Morgan Stanley. The stock of 3M Company (NYSE:MMM) has “Hold” rating given on Wednesday, July 19 by Stifel Nicolaus.

Analysts await Cooper-Standard Holdings Inc. (NYSE:CPS) to report earnings on May, 1. They expect $3.03 EPS, up 2.71% or $0.08 from last year’s $2.95 per share. CPS’s profit will be $54.28 million for 10.08 P/E if the $3.03 EPS becomes a reality. After $3.42 actual EPS reported by Cooper-Standard Holdings Inc. for the previous quarter, Wall Street now forecasts -11.40% negative EPS growth.

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.23, from 1.24 in 2017Q2. It fall, as 19 investors sold CPS shares while 71 reduced holdings. 32 funds opened positions while 59 raised stakes. 16.41 million shares or 1.08% less from 16.59 million shares in 2017Q2 were reported. Credit Suisse Ag holds 0% or 26,053 shares. Prudential Fincl owns 383,105 shares. Schwab Charles Invest Mngmt owns 159,779 shares. Voya Investment Mgmt Limited Liability Co invested 0.01% of its portfolio in Cooper-Standard Holdings Inc. (NYSE:CPS). Ameriprise Fincl has 0.02% invested in Cooper-Standard Holdings Inc. (NYSE:CPS). Kames Cap Public Ltd Com holds 0.04% or 11,719 shares. Commercial Bank Of America De invested in 0% or 86,949 shares. Barclays Public Limited Co invested in 0% or 11,625 shares. Art Ltd Liability has invested 0.04% in Cooper-Standard Holdings Inc. (NYSE:CPS). Menta Capital Ltd Company owns 5,041 shares for 0.09% of their portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt Corp owns 14,230 shares for 0.02% of their portfolio. Louisiana State Employees Retirement Systems holds 6,500 shares. Legal General Pcl has invested 0% of its portfolio in Cooper-Standard Holdings Inc. (NYSE:CPS). Glob X Management Limited Liability owns 9,146 shares for 0.03% of their portfolio. Hancock holds 0.04% or 9,000 shares in its portfolio.

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