Taurus Asset Management Holds Holding in 3M Co (MMM); Permian Investment Partners LP Lowered Holding in Flir Sys (FLIR) by $36.31 Million

FLIR Systems, Inc. (NASDAQ:FLIR) Logo

Taurus Asset Management Llc increased its stake in 3M Co (MMM) by 13.99% based on its latest 2018Q2 regulatory filing with the SEC. Taurus Asset Management Llc bought 7,133 shares as the company’s stock rose 0.89% with the market. The institutional investor held 58,104 shares of the medical and dental instruments company at the end of 2018Q2, valued at $11.43M, up from 50,971 at the end of the previous reported quarter. Taurus Asset Management Llc who had been investing in 3M Co for a number of months, seems to be bullish on the $117.74B market cap company. The stock decreased 3.14% or $6.56 during the last trading session, reaching $202.2. About 2.70 million shares traded or 3.72% up from the average. 3M Company (NYSE:MMM) has declined 1.40% since December 5, 2017 and is downtrending. It has underperformed by 17.02% the S&P500. Some Historical MMM News: 24/04/2018 – 3M CO – IN QTR, RESOLVED A PREVIOUSLY DISCLOSED LAWSUIT WITH THE STATE OF MINNESOTA AND RECORDED A PRE-TAX CHARGE OF $897 MILLION; 24/04/2018 – [PAV] PAVILLON HOLDINGS : 3M UNPAID LEAVE FOR ZHENG FENGWEN, EX; 22/05/2018 – Vomela/3M Teambuilding Event Results in Donation to the YMCA of the Greater Twin Cities; 09/05/2018 – 3M NAMES MOJDEH POUL EVP, SAFETY-GRAPHICS GROUP; 08/05/2018 – 3M CO MMM.N SETS QUARTERLY DIVIDEND OF $1.36/SHR; 09/05/2018 – 3M Names Mojdeh Poul Exec VP, Safety/Graphics Business Group; 24/04/2018 – 3M Narrows 2018 View To Adj EPS $10.20-Adj EPS $10.55; 05/03/2018 – 3M names operating chief Michael Roman as next CEO; 24/04/2018 – 3M 1Q EPS 98c; 24/05/2018 – Malaysia 3M Interbank Yield at 3.70% by End-2Q18 (Survey)

Permian Investment Partners Lp decreased its stake in Flir Sys Inc (FLIR) by 73.11% based on its latest 2018Q2 regulatory filing with the SEC. Permian Investment Partners Lp sold 712,000 shares as the company’s stock rose 15.00% with the market. The institutional investor held 261,921 shares of the capital goods company at the end of 2018Q2, valued at $13.61 million, down from 973,921 at the end of the previous reported quarter. Permian Investment Partners Lp who had been investing in Flir Sys Inc for a number of months, seems to be less bullish one the $6.21B market cap company. The stock decreased 3.17% or $1.47 during the last trading session, reaching $44.86. About 1.15 million shares traded or 17.95% up from the average. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 59.23% since December 5, 2017 and is uptrending. It has outperformed by 43.61% the S&P500. Some Historical FLIR News: 25/04/2018 – STATE DEPT. CONCLUDES $30M SETTLEMENT W/ FLIR SYSTEMS; 07/03/2018 Flir Trading Activity Rises to Almost Five Times 20 Day Average; 25/04/2018 – FLIR 1Q REV. $439.6M, EST. $397.8M; 21/05/2018 – WINTON ADDED FLIR, POOL, CVCO, PLCE, CENT IN 1Q: 13F; 15/05/2018 – Empire Life Adds Maxar Technologies, Exits Flir: 13F; 25/04/2018 – FLIR SEES FY ADJ EPS $2.11 TO $2.16, EST. $2.10; 25/04/2018 – Flir Systems 1Q Net $39.2M; 21/05/2018 – Winton Adds Flir, Exits CF Industries, Cuts Air Products: 13F; 25/04/2018 – Flir Systems 1Q EPS 28c; 25/04/2018 – FLIR 1Q ADJ EPS 48C, EST. 42C

Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. 3M had 106 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Underweight” rating on Thursday, April 26 by JP Morgan. The company was maintained on Wednesday, October 25 by Credit Suisse. Bernstein maintained it with “Market Perform” rating and $170 target in Wednesday, March 30 report. On Tuesday, June 6 the stock rating was maintained by Bank of America with “Buy”. As per Friday, July 24, the company rating was maintained by UBS. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Wednesday, October 24 by Argus Research. The stock of 3M Company (NYSE:MMM) earned “Underperform” rating by RBC Capital Markets on Tuesday, August 4. The firm has “Hold” rating by RBC Capital Markets given on Thursday, March 22. The firm earned “Hold” rating on Wednesday, October 25 by Stifel Nicolaus. Credit Suisse maintained 3M Company (NYSE:MMM) rating on Wednesday, October 11. Credit Suisse has “Buy” rating and $237.0 target.

Taurus Asset Management Llc, which manages about $738.50M and $684.97 million US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 1,655 shares to 21,116 shares, valued at $5.73M in 2018Q2, according to the filing. It also reduced its holding in F M C Corp (NYSE:FMC) by 6,800 shares in the quarter, leaving it with 82,390 shares, and cut its stake in Church & Dwight Inc (NYSE:CHD).

Investors sentiment increased to 0.97 in 2018 Q2. Its up 0.20, from 0.77 in 2018Q1. It increased, as 73 investors sold MMM shares while 549 reduced holdings. 111 funds opened positions while 490 raised stakes. 374.25 million shares or 0.96% less from 377.88 million shares in 2018Q1 were reported. 149,069 were reported by Tocqueville Asset Management Lp. Cs Mckee LP owns 56,750 shares. Cliftonlarsonallen Wealth Advsrs Limited Liability owns 24,963 shares. State Bank Pictet & Cie (Asia) Limited stated it has 56,637 shares. Segment Wealth Mgmt Ltd owns 23,403 shares. Barrett Asset Mgmt Ltd reported 162,898 shares stake. Rice Hall James & Associate Limited Liability Co has invested 0.01% in 3M Company (NYSE:MMM). 1,825 are owned by West Oak Capital Lc. Raab And Moskowitz Asset Ltd Co reported 3,001 shares. Harding Loevner Limited Partnership stated it has 576,186 shares or 0.64% of all its holdings. Wall Street Access Asset Mgmt Lc holds 0.49% in 3M Company (NYSE:MMM) or 1,730 shares. Family Firm holds 1,838 shares. Reynders Mcveigh Capital Limited Co reported 0.7% of its portfolio in 3M Company (NYSE:MMM). Dodge Cox owns 0% invested in 3M Company (NYSE:MMM) for 18,021 shares. Horan Mgmt, a Maryland-based fund reported 610 shares.

Since September 10, 2018, it had 1 insider buy, and 1 insider sale for $90,252 activity. 1,000 shares valued at $184,500 were bought by PAGE GREGORY R on Friday, October 26.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M: Optimistic, But A Few Caveats – Seeking Alpha” on November 11, 2018, also Bizjournals.com with their article: “3M, Medtronic, Best Buy lead Minnesota companies on Management Top 250 list – bizjournals.com” published on December 03, 2018, Fool.com published: “7 Reasons That 3M’s Guidance Looks Overly Optimistic – Motley Fool” on November 29, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Investorplace.com and their article: “10 Boring Stocks to Buy for Red-Hot Returns – Investorplace.com” published on November 30, 2018 as well as Fool.com‘s news article titled: “Will 3M’s New 5-Year Financial Plan Help the Stock Recover? – The Motley Fool” with publication date: December 01, 2018.

Investors sentiment decreased to 0.96 in 2018 Q2. Its down 0.02, from 0.98 in 2018Q1. It turned negative, as 21 investors sold FLIR shares while 161 reduced holdings. 53 funds opened positions while 121 raised stakes. 118.69 million shares or 1.82% less from 120.88 million shares in 2018Q1 were reported. Public Sector Pension Board stated it has 7,753 shares. Coldstream Capital Management Inc invested in 0.09% or 17,770 shares. Axa holds 0.02% in FLIR Systems, Inc. (NASDAQ:FLIR) or 91,448 shares. Pittenger And Anderson holds 800 shares. 12,900 are owned by Moneta Grp Investment Limited Co. Us Bancshares De reported 113,511 shares. Laurion Cap Management LP owns 15,387 shares or 0.01% of their US portfolio. Stephens Investment Mngmt Gru Ltd Co accumulated 1.19M shares or 1.24% of the stock. Metropolitan Life Com New York invested in 0% or 21,044 shares. 165 were accumulated by Whittier Trust Company. Fort Lp holds 0.03% or 2,257 shares in its portfolio. Guggenheim Capital Llc has invested 0.09% in FLIR Systems, Inc. (NASDAQ:FLIR). Meiji Yasuda Asset Mngmt reported 14,277 shares stake. First Citizens Savings Bank And Tru has invested 0.16% of its portfolio in FLIR Systems, Inc. (NASDAQ:FLIR). Legal And General Gru Public Limited Co owns 0.03% invested in FLIR Systems, Inc. (NASDAQ:FLIR) for 644,056 shares.

Analysts await FLIR Systems, Inc. (NASDAQ:FLIR) to report earnings on February, 13. They expect $0.60 earnings per share, up 3.45% or $0.02 from last year’s $0.58 per share. FLIR’s profit will be $83.00 million for 18.69 P/E if the $0.60 EPS becomes a reality. After $0.57 actual earnings per share reported by FLIR Systems, Inc. for the previous quarter, Wall Street now forecasts 5.26% EPS growth.

Permian Investment Partners Lp, which manages about $823.32M and $752.86M US Long portfolio, upped its stake in Aon Plc (NYSE:AON) by 153,500 shares to 518,087 shares, valued at $71.07 million in 2018Q2, according to the filing.

Among 13 analysts covering FLIR Systems (NASDAQ:FLIR), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. FLIR Systems had 32 analyst reports since October 29, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 5 by SunTrust. Imperial Capital maintained the stock with “In-Line” rating in Thursday, March 22 report. Robert W. Baird maintained it with “Hold” rating and $52.0 target in Thursday, February 15 report. As per Friday, May 18, the company rating was initiated by William Blair. Seaport Global maintained the shares of FLIR in report on Thursday, February 15 with “Buy” rating. Needham maintained FLIR Systems, Inc. (NASDAQ:FLIR) rating on Tuesday, December 1. Needham has “Buy” rating and $35 target. The firm earned “Buy” rating on Friday, February 16 by Stephens. Seaport Global Securities initiated the shares of FLIR in report on Friday, October 7 with “Buy” rating. The stock has “Hold” rating by Drexel Hamilton on Monday, May 7. The firm has “Buy” rating by Needham given on Thursday, December 1.

FLIR Systems, Inc. (NASDAQ:FLIR) Institutional Positions Chart

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