As 3M Co (MMM) Market Valuation Declined, Carlson Capital Management Upped Position by $797,590; Community Bank Maintains Position in Home Depot (HD)

April 20, 2018 - By Ellis Scott

3M Company (NYSE:MMM) Logo

Carlson Capital Management increased its stake in 3M Co (MMM) by 3.61% based on its latest 2017Q4 regulatory filing with the SEC. Carlson Capital Management bought 3,394 shares as the company’s stock declined 8.03% with the market. The institutional investor held 97,510 shares of the medical and dental instruments company at the end of 2017Q4, valued at $22.95 million, up from 94,116 at the end of the previous reported quarter. Carlson Capital Management who had been investing in 3M Co for a number of months, seems to be bullish on the $130.15B market cap company. The stock decreased 0.31% or $0.67 during the last trading session, reaching $218.85. About 1.45 million shares traded. 3M Company (NYSE:MMM) has risen 13.36% since April 20, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Community Bank increased its stake in Home Depot Inc (HD) by 17.53% based on its latest 2017Q4 regulatory filing with the SEC. Community Bank bought 1,720 shares as the company’s stock declined 7.15% with the market. The institutional investor held 11,533 shares of the consumer services company at the end of 2017Q4, valued at $2.19 million, up from 9,813 at the end of the previous reported quarter. Community Bank who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $204.12 billion market cap company. The stock decreased 1.54% or $2.77 during the last trading session, reaching $177.08. About 5.41M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.94% since April 20, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

Community Bank, which manages about $934.95 million US Long portfolio, decreased its stake in Vanguard Reit Index Admiral (VGSLX) by 9,903 shares to 47,770 shares, valued at $5.62 million in 2017Q4, according to the filing. It also reduced its holding in Cove Street Capital Small Cap Val Instl by 25,760 shares in the quarter, leaving it with 178,246 shares, and cut its stake in Vanguard Growth Index Adm (VIGAX).

Among 34 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. The Home Depot Inc. had 116 analyst reports since August 19, 2015 according to SRatingsIntel. As per Friday, May 13, the company rating was maintained by Jefferies. Bank of America maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, November 8 with “Buy” rating. The company was maintained on Friday, October 13 by Robert W. Baird. Credit Suisse maintained the stock with “Buy” rating in Wednesday, November 29 report. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Deutsche Bank on Wednesday, August 17. The rating was initiated by Gordon Haskett Capital Corporation with “Buy” on Tuesday, October 3. On Wednesday, August 19 the stock rating was maintained by S&P Research with “Hold”. Robert W. Baird maintained The Home Depot, Inc. (NYSE:HD) rating on Tuesday, August 15. Robert W. Baird has “Buy” rating and $17500 target. Stifel Nicolaus maintained the shares of HD in report on Friday, December 22 with “Buy” rating. The firm has “Neutral” rating given on Monday, October 31 by PiperJaffray.

Since December 7, 2017, it had 2 buys, and 5 selling transactions for $36.57 million activity. Campbell Ann Marie also sold $7.02 million worth of The Home Depot, Inc. (NYSE:HD) on Thursday, February 22. On Wednesday, March 21 BRENNEMAN GREGORY D bought $3.00M worth of The Home Depot, Inc. (NYSE:HD) or 16,827 shares. Shares for $3.31 million were sold by Decker Edward P. on Tuesday, February 27. $1.19M worth of stock was bought by CODINA ARMANDO M on Friday, March 2. Another trade for 41,396 shares valued at $7.58 million was sold by Carey Matt. Menear Craig A also sold $20.89 million worth of The Home Depot, Inc. (NYSE:HD) shares.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.21, from 1.14 in 2017Q3. It fall, as 51 investors sold HD shares while 662 reduced holdings. 164 funds opened positions while 501 raised stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported. Gideon Cap, New York-based fund reported 5,320 shares. Compass Mngmt holds 0.07% or 2,388 shares in its portfolio. Southeast Asset Advisors stated it has 1,948 shares. Maverick has 0.02% invested in The Home Depot, Inc. (NYSE:HD) for 7,900 shares. Alpine Mgmt Limited Co has invested 0.64% in The Home Depot, Inc. (NYSE:HD). Gator Cap Lc invested in 1.27% or 7,000 shares. Bancshares Of The Ozarks stated it has 0.57% in The Home Depot, Inc. (NYSE:HD). Rdl Financial has 1,804 shares for 0.21% of their portfolio. The New York-based Nbt Retail Bank N A New York has invested 0.32% in The Home Depot, Inc. (NYSE:HD). Annex Advisory Services Lc owns 10,261 shares for 0.37% of their portfolio. Mitsubishi Ufj Securities Limited holds 1,380 shares. Invsts Asset Of Georgia Ga Adv has invested 2.62% in The Home Depot, Inc. (NYSE:HD). Walleye Trading Limited Liability Corporation has invested 0.05% in The Home Depot, Inc. (NYSE:HD). 1832 Asset Mngmt Lp invested in 0.51% or 829,317 shares. Wendell David Associates reported 14,474 shares stake.

Since October 27, 2017, it had 0 insider buys, and 21 insider sales for $34.51 million activity. Gangestad Nicholas C also sold $936,291 worth of 3M Company (NYSE:MMM) on Friday, October 27. 400 shares were sold by Lindekugel Jon T, worth $92,023 on Tuesday, October 31. On Wednesday, January 31 the insider THULIN INGE G sold $1.37 million. 1,500 shares valued at $351,708 were sold by Little Frank R Jr. on Friday, October 27. Another trade for 13,480 shares valued at $3.33 million was made by Keel Paul A on Thursday, February 1. 2,826 shares were sold by Bauman James L, worth $700,790.

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It increased, 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. Moreover, Fayerweather Charles has 4.97% invested in 3M Company (NYSE:MMM). Dnb Asset Mgmt As has invested 0.22% in 3M Company (NYSE:MMM). Dearborn Prtnrs stated it has 161,114 shares. Goldman Sachs Group stated it has 3.16M shares. Renaissance Investment Gp Limited Liability Company accumulated 0.24% or 2,512 shares. 86,945 were accumulated by Saratoga Rech Invest. Jarislowsky Fraser Ltd has invested 0.98% in 3M Company (NYSE:MMM). Finance Advisory Ser accumulated 1,990 shares or 0.12% of the stock. First Merchants Corporation reported 21,919 shares stake. North Carolina-based Bragg Advsr has invested 0.66% in 3M Company (NYSE:MMM). Cohen Lawrence B holds 2.7% or 18,084 shares. Moreover, Ironwood Invest Mngmt has 0.16% invested in 3M Company (NYSE:MMM) for 976 shares. Moreover, Lenox Wealth Mngmt Inc has 0.07% invested in 3M Company (NYSE:MMM). Clean Yield Grp holds 1.8% or 19,298 shares in its portfolio. Interocean Cap Ltd Liability Com holds 0.53% or 16,815 shares in its portfolio.

Carlson Capital Management, which manages about $1.18 billion and $374.54M US Long portfolio, decreased its stake in Vanguard Index Fds (VV) by 12,324 shares to 552,821 shares, valued at $67.77 million in 2017Q4, according to the filing.

3M Company (NYSE:MMM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: