Rockland Trust Co Has Raised Its Position in 3M Co (MMM) as Stock Value Declined; As Allegheny Technologies (ATI) Market Value Rose, Holder Paradigm Capital Management Boosted Position

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Rockland Trust Co increased its stake in 3M Co (MMM) by 21.58% based on its latest 2018Q1 regulatory filing with the SEC. Rockland Trust Co bought 1,669 shares as the company’s stock declined 18.48% with the market. The institutional investor held 9,404 shares of the medical and dental instruments company at the end of 2018Q1, valued at $2.06 million, up from 7,735 at the end of the previous reported quarter. Rockland Trust Co who had been investing in 3M Co for a number of months, seems to be bullish on the $116.35 billion market cap company. The stock increased 0.54% or $1.05 during the last trading session, reaching $195.97. About 1.98 million shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 29, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 24/04/2018 – 3M heads for worst day in 9 years after cutting its earnings forecast; 13/04/2018 – U.S. 3M Libor Yield at 2.49% by End-3Q vs 2.38% Prior (Correct); 24/04/2018 – 3M CO – QTRLY ORGANIC LOCAL-CURRENCY SALES GROWTH OF 2.8 PERCENT; 09/04/2018 – REG-Interim Report 3M:2018; 24/04/2018 – 3M sinks 8%, eyes biggest drop since 2007; 23/03/2018 – Sweden 3M Stibor at -0.30% by End-18 vs -0.14% Prior (Survey); 12/04/2018 – U.S. 3M Libor Yield at 2.49% by End-3Q vs 2.38% Prior (Survey); 24/04/2018 – 3M CO – UPDATED ITS 2018 ORGANIC LOCAL-CURRENCY SALES GROWTH GUIDANCE TO BE IN THE RANGE OF 3 TO 4 PERCENT, VERSUS A PRIOR RANGE OF 3 TO 5 PERCENT; 04/04/2018 – 3M REPORTS NEW LEADERSHIP APPOINTMENT; 08/05/2018 – 3M CO SAYS EXPECTS FY 2018 GROSS SHARE REPURCHASES WILL BE IN THE RANGE OF $3.0 BLN TO $5.0 BLN – SEC FILING

Paradigm Capital Management Inc increased its stake in Allegheny Technologies Inc (ATI) by 30.44% based on its latest 2018Q1 regulatory filing with the SEC. Paradigm Capital Management Inc bought 15,600 shares as the company’s stock rose 1.33% while stock markets declined. The institutional investor held 66,850 shares of the steel and iron ore company at the end of 2018Q1, valued at $1.58M, up from 51,250 at the end of the previous reported quarter. Paradigm Capital Management Inc who had been investing in Allegheny Technologies Inc for a number of months, seems to be bullish on the $3.16B market cap company. The stock decreased 0.48% or $0.12 during the last trading session, reaching $25.11. About 1.05 million shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 70.09% since June 29, 2017 and is uptrending. It has outperformed by 57.52% the S&P500. Some Historical ATI News: 01/05/2018 – Allegheny Technologies at Non-Deal Roadshow Hosted By Seaport; 24/04/2018 – Allegheny Technologies 1Q Adj EPS 32c; 22/03/2018 – ATI to Expand Aerospace Iso-Thermal Forging Capacity; 24/04/2018 – ALLEGHENY TECHNOLOGIES 1Q ADJ EPS 32C, EST. 24C; 27/03/2018 – Allegheny & Tsingshan Stainless Joint Venture Files Tariff Exclusion Request; 27/03/2018 – Allegheny Tech: Tariff Exclusion Review Will Take Up to 90 Days to Complete; 23/04/2018 – DJ Allegheny Technologies Incorporated, Inst Holders, 1Q 2018 (ATI); 24/04/2018 – ALLEGHENY TECHNOLOGIES INC ATI.N – QTRLY SALES TO AEROSPACE AND DEFENSE MARKETS WERE $462 MLN AND REPRESENTED 47% OF ATI SALES; 27/03/2018 – ALLEGHENY & TSINGSHAN STAINLESS JOINT VENTURE FILES REQUEST; 24/04/2018 – Allegheny Technologies Volume Jumps Almost Six Times Average

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M has $28400 highest and $135 lowest target. $230’s average target is 17.36% above currents $195.97 stock price. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of MMM in report on Wednesday, October 25 with “Outperform” rating. On Wednesday, March 30 the stock rating was maintained by UBS with “Buy”. The stock of 3M Company (NYSE:MMM) has “Underweight” rating given on Thursday, April 26 by JP Morgan. On Wednesday, December 14 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Citigroup on Wednesday, July 26. Goldman Sachs upgraded the stock to “Hold” rating in Wednesday, October 25 report. The rating was initiated by Citigroup on Thursday, January 21 with “Buy”. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, February 15. The firm has “Buy” rating given on Wednesday, December 16 by UBS. Jefferies maintained 3M Company (NYSE:MMM) rating on Thursday, June 1. Jefferies has “Buy” rating and $23400 target.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “Don’t Give Up On Industrials – Cramer’s Mad Money (6/21/18)” on June 22, 2018, also Nasdaq.com with their article: “Should You Bite on Eaton Corporation PLC’s Yield?” published on June 28, 2018, Fool.com published: “The 1 Reason to Avoid 3M Company’s Stock” on June 06, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M Company: Time To Break Up This Giant?” published on June 09, 2018 as well as Seekingalpha.com‘s news article titled: “The Evolution Of A Stock Price Over 30 Years” with publication date: May 31, 2018.

Since January 31, 2018, it had 0 buys, and 16 insider sales for $30.99 million activity. THULIN INGE G sold $8.85M worth of stock or 35,236 shares. Bauman James L sold 8,834 shares worth $2.19M. On Friday, February 23 the insider Little Frank R Jr. sold $742,051. The insider Roman Michael F sold 4,146 shares worth $1.02M. The insider Keel Paul A sold 13,480 shares worth $3.33 million. Shin Hak Cheol sold $1.86M worth of 3M Company (NYSE:MMM) on Thursday, February 1.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.06, from 0.83 in 2017Q4. It dived, as 65 investors sold MMM shares while 643 reduced holdings. 113 funds opened positions while 434 raised stakes. 377.88 million shares or 1.35% less from 383.04 million shares in 2017Q4 were reported. Moreover, Goelzer Inc has 0.66% invested in 3M Company (NYSE:MMM) for 25,174 shares. Philadelphia Tru Company accumulated 6,617 shares. Gyroscope Capital Mgmt Grp Lc reported 2,257 shares. San Francisco Sentry Invest Gru (Ca) has invested 0.65% in 3M Company (NYSE:MMM). Edgewood Limited Liability Corp accumulated 677,011 shares or 0.59% of the stock. Shell Asset Mgmt owns 186,927 shares for 0.82% of their portfolio. Raymond James Services Advisors reported 176,564 shares stake. Btr Mngmt, a California-based fund reported 3,777 shares. Addison Communications has invested 0.31% in 3M Company (NYSE:MMM). Moreover, Sun Life Financial has 0% invested in 3M Company (NYSE:MMM) for 1,461 shares. Obermeyer Wood Inv Counsel Lllp reported 2,953 shares or 0.06% of all its holdings. Alpine Woods Cap Investors Ltd Liability invested in 3,000 shares or 0.03% of the stock. Manchester Mngmt Lc holds 0.19% in 3M Company (NYSE:MMM) or 5,558 shares. Cap Associate owns 2,425 shares or 0.82% of their US portfolio. Capwealth Advsrs Ltd Liability Co invested in 1.55% or 36,504 shares.

Rockland Trust Co, which manages about $756.58M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 2,723 shares to 59,088 shares, valued at $9.44 million in 2018Q1, according to the filing. It also reduced its holding in Blackrock Inc (NYSE:BLK) by 864 shares in the quarter, leaving it with 14,276 shares, and cut its stake in Waddell & Reed Finl Inc (NYSE:WDR).

Investors sentiment decreased to 0.96 in Q1 2018. Its down 0.77, from 1.73 in 2017Q4. It dived, as 31 investors sold ATI shares while 93 reduced holdings. 48 funds opened positions while 71 raised stakes. 124.73 million shares or 1.21% less from 126.25 million shares in 2017Q4 were reported. Prudential Financial Incorporated invested 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Federated Invsts Inc Pa reported 0.02% stake. Prelude Cap Mngmt Limited reported 113 shares stake. 325,460 are held by Bain Cap Public Equity Ltd Liability. Teacher Retirement Sys Of Texas has 0% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 27,909 shares. Jfs Wealth Limited Com holds 2,443 shares. Manufacturers Life Ins Company The has 0.01% invested in Allegheny Technologies Incorporated (NYSE:ATI). Comml Bank Of America De, North Carolina-based fund reported 1.44M shares. Captrust Financial holds 0% or 184 shares. Macquarie Limited has 0% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 4,600 shares. California Public Employees Retirement Sys invested 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Boston owns 464,170 shares. Moreover, Northern has 0.01% invested in Allegheny Technologies Incorporated (NYSE:ATI). 63,115 are held by Mason Street. Citigroup Inc invested in 0% or 172,336 shares.

Among 16 analysts covering Allegheny Tech (NYSE:ATI), 11 have Buy rating, 2 Sell and 3 Hold. Therefore 69% are positive. Allegheny Tech has $40 highest and $7 lowest target. $26.20’s average target is 4.34% above currents $25.11 stock price. Allegheny Tech had 50 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, October 11. The company was upgraded on Monday, August 29 by Deutsche Bank. The firm has “Neutral” rating given on Thursday, January 5 by Seaport Global. As per Thursday, July 6, the company rating was maintained by Cowen & Co. As per Friday, September 9, the company rating was initiated by Seaport Global. The company was maintained on Wednesday, April 26 by Cowen & Co. As per Monday, January 8, the company rating was upgraded by Cowen & Co. On Friday, December 11 the stock rating was upgraded by Rosenblatt to “Buy”. KeyBanc Capital Markets upgraded the shares of ATI in report on Thursday, March 1 to “Buy” rating. The stock has “Market Perform” rating by Cowen & Co on Thursday, September 3.

Paradigm Capital Management Inc, which manages about $1.18 billion US Long portfolio, decreased its stake in Ensign Group Inc. (NASDAQ:ENSG) by 47,000 shares to 11,000 shares, valued at $289,000 in 2018Q1, according to the filing. It also reduced its holding in Wesco Aircraft Holdings (NYSE:WAIR) by 97,600 shares in the quarter, leaving it with 653,000 shares, and cut its stake in 8X8 Inc. (NASDAQ:EGHT).

More notable recent Allegheny Technologies Incorporated (NYSE:ATI) news were published by: Streetinsider.com which released: “Pre-Open Movers 06/25: (XRM) (VLRX) (GTN) Higher; (SPHS) (MACK) (ATI) Lower (more…)” on June 25, 2018, also Businesswire.com with their article: “ATI Announces Treasury Leadership Transition” published on June 04, 2018, Benzinga.com published: “36 Stocks Moving In Monday’s Mid-Day Session” on June 25, 2018. More interesting news about Allegheny Technologies Incorporated (NYSE:ATI) were released by: Streetinsider.com and their article: “Stephens Starts Allegheny Technologies (ATI) at Overweight” published on June 26, 2018 as well as Seekingalpha.com‘s news article titled: “Allegheny Technologies: Due For A Fall” with publication date: June 11, 2018.

Since June 15, 2018, it had 0 insider purchases, and 1 sale for $27,340 activity.

3M Company (NYSE:MMM) Institutional Positions Chart