Financial Institutions Buying New Stock Positions in 3M Co.

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of 3M Co. (NYSE:MMM).

SEC data indicate that these institutions significantly increased their stock shares of 3M Co. in Q3 2011:

  • MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 4,644,692 shares, worth $331,120,093.
  • PGGM INVESTMENTS: On 06/30/2011, held 0 shares. On 09/30/2011, held 3,258,417 shares, worth $232,292,548.
  • ARTISAN PARTNERS LIMITED PARTNERSHIP: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,363,365 shares, worth $97,194,291.
  • RENAISSANCE TECHNOLOGIES LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 936,500 shares, worth $66,763,085.
  • WCG MANAGEMENT, L.P.: On 06/30/2011, held 0 shares. On 09/30/2011, held 672,216 shares, worth $47,922,279.

About the company: 3M Co. conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company’s businesses share technologies, manufacturing operations, brands, marketing channels, and other resources. 3M serves customers in countries located around the world.

Competitors to Watch: General Electric Company (NYSE:GE), Danaher Corporation (NYSE:DHR), Johnson & Johnson (NYSE:JNJ), DENTSPLY Intl. Inc. (NASDAQ:XRAY), Tyco International Ltd. (NYSE:TYC), Carlisle Companies, Inc. (NYSE:CSL), Honeywell Intl. Inc. (NYSE:HON), Siemens AG (NYSE:SI), and E.I. du Pont de Nemours & Co. (NYSE:DD).

(Note: Data regarding 3M Co.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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