Somerville Kurt F Has Trimmed Its Position in 3M (MMM) as Share Value Rose; Goodyear Tire & Rubber Co. (GT) Holder Icm Asset Management Trimmed Its Position

November 15, 2017 - By Adrian Mccoy

Icm Asset Management Inc decreased its stake in Goodyear Tire & Rubber Co. (GT) by 54.54% based on its latest 2017Q2 regulatory filing with the SEC. Icm Asset Management Inc sold 33,315 shares as the company’s stock declined 12.03% while stock markets rallied. The institutional investor held 27,770 shares of the automotive aftermarket company at the end of 2017Q2, valued at $971,000, down from 61,085 at the end of the previous reported quarter. Icm Asset Management Inc who had been investing in Goodyear Tire & Rubber Co. for a number of months, seems to be less bullish one the $7.23 billion market cap company. The stock increased 0.44% or $0.13 during the last trading session, reaching $29.36. About 50 shares traded. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since November 15, 2016 and is uptrending. It has outperformed by 0.56% the S&P500.

Somerville Kurt F decreased its stake in 3M (MMM) by 3.84% based on its latest 2017Q2 regulatory filing with the SEC. Somerville Kurt F sold 4,034 shares as the company’s stock rose 7.02% with the market. The institutional investor held 101,139 shares of the medical and dental instruments company at the end of 2017Q2, valued at $21.06 million, down from 105,173 at the end of the previous reported quarter. Somerville Kurt F who had been investing in 3M for a number of months, seems to be less bullish one the $136.59B market cap company. The stock increased 0.50% or $1.15 during the last trading session, reaching $229.33. About shares traded. 3M Co (NYSE:MMM) has risen 18.59% since November 15, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

More notable recent 3M Co (NYSE:MMM) news were published by: Nasdaq.com which released: “3M Co. (MMM) Has Surged To A New High After Q3 Profit Surpassed Expectations” on October 24, 2017, also Fool.com with their article: “3 Things to Look Out for When 3M Co Reports Earnings” published on October 19, 2017, Bloomberg.com published: “3M Jumps Most in Eight Years as Sales Strength Bolsters Outlook” on October 24, 2017. More interesting news about 3M Co (NYSE:MMM) were released by: Fool.com and their article: “Why 3M Company Stock Surged Higher in October” published on November 06, 2017 as well as Nasdaq.com‘s news article titled: “3M Co. Reports 8% Increase In Q3 Profit” with publication date: October 24, 2017.

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.10, from 0.81 in 2017Q1. It is positive, as 45 investors sold MMM shares while 589 reduced holdings. 131 funds opened positions while 449 raised stakes. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported. Shufro Rose And Com Limited Liability Corp has invested 1.08% in 3M Co (NYSE:MMM). Advantus has 60,326 shares. Martin And Com Inc Tn invested in 0.81% or 12,673 shares. Balasa Dinverno And Foltz Limited Company holds 0.13% of its portfolio in 3M Co (NYSE:MMM) for 3,702 shares. Nationwide Fund has invested 0.19% in 3M Co (NYSE:MMM). Condor Mngmt accumulated 34,002 shares. Affinity Advsr Ltd Limited Liability Company holds 0.05% of its portfolio in 3M Co (NYSE:MMM) for 1,835 shares. Cardinal Capital Management has invested 3.65% of its portfolio in 3M Co (NYSE:MMM). Winslow Evans And Crocker holds 3,950 shares or 0% of its portfolio. Da Davidson And holds 54,507 shares. 37,100 are held by Louisiana State Employees Retirement System. Dynamic Advsrs Solutions Ltd Liability Co holds 0.41% of its portfolio in 3M Co (NYSE:MMM) for 5,061 shares. Employees Retirement System Of Texas accumulated 134,400 shares or 0.38% of the stock. Tukman Grossman Cap stated it has 3.36% in 3M Co (NYSE:MMM). Ashfield Cap Partners Lc reported 51,571 shares stake.

Somerville Kurt F, which manages about $489.99M US Long portfolio, upped its stake in Fortive Corp by 13,612 shares to 33,369 shares, valued at $2.11M in 2017Q2, according to the filing. It also increased its holding in Unilever Plc New Adr (NYSE:UL) by 6,995 shares in the quarter, for a total of 174,868 shares, and has risen its stake in Smucker J M (NYSE:SJM).

Among 14 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. 3M had 65 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, November 21 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Hold” rating given on Tuesday, July 25 by RBC Capital Markets. The firm has “Buy” rating by Citigroup given on Wednesday, October 25. The rating was maintained by Argus Research with “Buy” on Wednesday, October 25. The company was maintained on Wednesday, July 26 by Morgan Stanley. The stock has “Buy” rating by Jefferies on Thursday, July 13. The firm has “Buy” rating given on Friday, April 28 by Credit Suisse. The firm has “Market Perform” rating by Bernstein given on Wednesday, March 30. The stock of 3M Co (NYSE:MMM) earned “Hold” rating by Stifel Nicolaus on Wednesday, July 19. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, April 26.

Analysts await 3M Co (NYSE:MMM) to report earnings on January, 23. They expect $2.00 EPS, up 6.38% or $0.12 from last year’s $1.88 per share. MMM’s profit will be $1.19 billion for 28.67 P/E if the $2.00 EPS becomes a reality. After $2.33 actual EPS reported by 3M Co for the previous quarter, Wall Street now forecasts -14.16% negative EPS growth.

Among 12 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Goodyear Tire had 27 analyst reports since October 28, 2015 according to SRatingsIntel. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) earned “Buy” rating by KeyBanc Capital Markets on Thursday, November 9. Jefferies maintained the stock with “Buy” rating in Thursday, October 12 report. The firm has “Hold” rating given on Friday, July 28 by Deutsche Bank. Jefferies upgraded the shares of GT in report on Tuesday, June 20 to “Buy” rating. On Monday, October 30 the stock rating was downgraded by Citigroup to “Neutral”. As per Monday, October 30, the company rating was maintained by JP Morgan. The firm earned “Buy” rating on Monday, August 7 by Jefferies. Jefferies maintained it with “Buy” rating and $3900 target in Friday, July 28 report. Jefferies initiated the stock with “Buy” rating in Tuesday, November 29 report. The firm earned “Hold” rating on Wednesday, March 1 by Standpoint Research.

Icm Asset Management Inc, which manages about $79.81M US Long portfolio, upped its stake in Microsoft Corp. (NASDAQ:MSFT) by 94,060 shares to 208,110 shares, valued at $14.35M in 2017Q2, according to the filing.

Investors sentiment increased to 1.14 in Q2 2017. Its up 0.03, from 1.11 in 2017Q1. It improved, as 47 investors sold GT shares while 141 reduced holdings. 56 funds opened positions while 158 raised stakes. 225.19 million shares or 2.30% less from 230.50 million shares in 2017Q1 were reported. Centurylink Investment Management invested in 0.36% or 30,331 shares. Thrivent Financial For Lutherans holds 9,560 shares or 0% of its portfolio. Ameritas Invest Partners Inc holds 5,789 shares. Tradewinds Capital Mngmt Ltd Llc invested 0% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT). Da Davidson & stated it has 0.01% in Goodyear Tire & Rubber Co (NASDAQ:GT). Employees Retirement Association Of Colorado holds 0.46% or 1.77M shares. Norinchukin Bancorporation The holds 0.05% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT) for 66,015 shares. Advisors Capital Ltd Liability Com reported 163,227 shares. Seatown Holdings Pte reported 620,300 shares stake. Moreover, Dimensional Fund Advsr LP has 0.07% invested in Goodyear Tire & Rubber Co (NASDAQ:GT). Kistler reported 0% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT). State Of Alaska Department Of Revenue reported 10,778 shares stake. Cibc Ww Mkts Inc owns 129,771 shares. Grimes & holds 0.64% in Goodyear Tire & Rubber Co (NASDAQ:GT) or 163,551 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh, Germany-based fund reported 96,026 shares.

Analysts await Goodyear Tire & Rubber Co (NASDAQ:GT) to report earnings on February, 14. They expect $0.73 EPS, down 23.16% or $0.22 from last year’s $0.95 per share. GT’s profit will be $179.76 million for 10.05 P/E if the $0.73 EPS becomes a reality. After $0.71 actual EPS reported by Goodyear Tire & Rubber Co for the previous quarter, Wall Street now forecasts 2.82% EPS growth.

Since June 9, 2017, it had 0 insider buys, and 1 insider sale for $220,566 activity.

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: