Southpoint Capital Advisors LP Boosted Manitowoc (MTW) Position By $10.50 Million; 7 Analysts Are Bullish 3M Company (MMM) Last Week

December 7, 2017 - By Winifred Garcia

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. The stock of 3M Company (NYSE:MMM) earned “Underweight” rating by Morgan Stanley on Wednesday, March 30. The firm has “Hold” rating given on Wednesday, December 14 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, October 25 by Citigroup. Jefferies maintained it with “Buy” rating and $234.0 target in Monday, August 14 report. The firm earned “Hold” rating on Wednesday, October 25 by RBC Capital Markets. Stifel Nicolaus maintained 3M Company (NYSE:MMM) on Wednesday, October 25 with “Hold” rating. Jefferies maintained 3M Company (NYSE:MMM) rating on Thursday, June 1. Jefferies has “Buy” rating and $23400 target. The rating was maintained by Jefferies on Thursday, July 13 with “Buy”. On Monday, May 29 the stock rating was maintained by Jefferies with “Buy”. Deutsche Bank maintained the shares of MMM in report on Tuesday, August 25 with “Hold” rating. See 3M Company (NYSE:MMM) latest ratings:

25/10/2017 Broker: Citigroup Rating: Buy Old Target: $250 New Target: $262 Maintain
25/10/2017 Broker: Credit Suisse Rating: Outperform Old Target: $238 New Target: $260 Maintain
25/10/2017 Broker: Bank of America Rating: Buy Old Target: $227 New Target: $257 Maintain
25/10/2017 Broker: Argus Research Rating: Buy Old Target: $220 New Target: $260 Maintain
25/10/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $220 New Target: $244 Maintain
25/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $209.0 Maintain
25/10/2017 Broker: Goldman Sachs Rating: Hold New Target: $229.0 Upgrade
11/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $205.0 Maintain
11/10/2017 Broker: Credit Suisse Rating: Buy New Target: $237.0 Maintain
09/10/2017 Broker: Citigroup Rating: Buy Old Target: $228 New Target: $250 Maintain

Southpoint Capital Advisors Lp increased Manitowoc Inc (MTW) stake by 29.17% reported in 2017Q2 SEC filing. Southpoint Capital Advisors Lp acquired 1.75M shares as Manitowoc Inc (MTW)’s stock declined 13.91%. The Southpoint Capital Advisors Lp holds 7.75M shares with $46.58 million value, up from 6.00 million last quarter. Manitowoc Inc now has $1.38 billion valuation. The stock decreased 3.01% or $1.22 during the last trading session, reaching $39.28. About 369,929 shares traded. The Manitowoc Company, Inc. (NYSE:MTW) has risen 0.72% since December 7, 2016 and is uptrending. It has underperformed by 15.98% the S&P500.

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.10, from 0.81 in 2017Q1. It is positive, as 45 investors sold 3M Company 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. 1,370 are held by Altavista Wealth Mngmt. Meristem Llp invested in 1.9% or 22,232 shares. Mitchell Sinkler And Starr Pa holds 2.5% or 7,344 shares. Lenox Wealth Mngmt Inc holds 0.08% of its portfolio in 3M Company (NYSE:MMM) for 975 shares. Los Angeles Cap & Equity Rech stated it has 0.43% in 3M Company (NYSE:MMM). Ingalls & Snyder Ltd Liability has 0.12% invested in 3M Company (NYSE:MMM) for 10,672 shares. Bb&T Secs Ltd Liability reported 221,499 shares. The Ohio-based Fifth Third National Bank & Trust has invested 0.64% in 3M Company (NYSE:MMM). Cannell Peter B holds 0.26% or 35,700 shares in its portfolio. Johnson Investment Counsel reported 0.79% stake. Mutual Of Omaha Bancorp Wealth Mngmt invested 0.22% of its portfolio in 3M Company (NYSE:MMM). Pensionfund Dsm Netherlands holds 0.99% of its portfolio in 3M Company (NYSE:MMM) for 30,800 shares. Schaper Benz Wise Invest Counsel Wi owns 1,454 shares. Jpmorgan Chase And has 2.79M shares for 0.13% of their portfolio. Kentucky Retirement accumulated 38,308 shares.

The stock increased 0.17% or $0.41 during the last trading session, reaching $238.67. About 1.92 million shares traded or 3.26% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since December 7, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

3M Company operates as a diversified technology firm worldwide. The company has market cap of $142.15 billion. The companyÂ’s Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; advanced ceramics; sealants; specialty materials; separation and purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products. It has a 26.64 P/E ratio. The Company’s Safety and Graphics Business segment provides personal protection products, traffic safety and security products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules for asphalt shingles, and fall protection products.

Southpoint Capital Advisors Lp decreased Fedex Corp (NYSE:FDX) stake by 50,818 shares to 700,000 valued at $152.13 million in 2017Q2. It also reduced Synchrony Finl (NYSE:SYF) stake by 650,000 shares and now owns 2.35M shares. E Trade Financial Corp (NASDAQ:ETFC) was reduced too.

Investors sentiment increased to 1.01 in Q2 2017. Its up 0.03, from 0.98 in 2017Q1. It increased, as 20 investors sold MTW shares while 49 reduced holdings. 24 funds opened positions while 46 raised stakes. 109.24 million shares or 3.21% more from 105.84 million shares in 2017Q1 were reported. 109,649 were reported by Associated Banc. 3.55 million were accumulated by Franklin Resources Inc. Dimensional Fund Limited Partnership has invested 0.02% in The Manitowoc Company, Inc. (NYSE:MTW). Ameritas Invest Partners Inc accumulated 0% or 9,911 shares. Geode Capital Lc holds 0% or 1.09 million shares. Ksa Management Limited Liability Corporation accumulated 30,000 shares. Jane Street Gru Llc holds 0% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW) for 24,999 shares. Shell Asset Mngmt reported 0.03% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW). Ny State Common Retirement Fund owns 134,200 shares or 0% of their US portfolio. Ifc Inc Fl has 0.02% invested in The Manitowoc Company, Inc. (NYSE:MTW) for 37,200 shares. 4.22M were reported by Investec Asset. Amalgamated Bancorporation holds 16,183 shares. Coldstream Capital Mngmt has 10,000 shares for 0.01% of their portfolio. Hsbc Holdings Public Limited Com reported 45,734 shares or 0% of all its holdings. 3,000 were reported by Winfield.

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