As 3M Co (MMM) Share Value Declined, Holder Minneapolis Portfolio Management Group Lowered by $5.02 Million Its Position; Echo Street Capital Management Has Trimmed Its Realpage (RP) Stake by $11.26 Million; Shares Rose

May 23, 2018 - By Marie Mckinney

3M Company (NYSE:MMM) Logo

Greg Poole decreased its stake in Realpage Inc (RP) by 25.53% based on its latest 2017Q4 regulatory filing with the SEC. Echo Street Capital Management Llc sold 255,952 shares as the company’s stock rose 18.81% while stock markets declined. The hedge fund run by Greg Poole held 746,441 shares of the technology company at the end of 2017Q4, valued at $33.07 million, down from 1.00 million at the end of the previous reported quarter. Echo Street Capital Management Llc who had been investing in Realpage Inc for a number of months, seems to be less bullish one the $4.96 billion market cap company. The stock decreased 2.02% or $1.2 during the last trading session, reaching $58.3. About 607,392 shares traded or 22.25% up from the average. RealPage, Inc. (NASDAQ:RP) has risen 49.71% since May 23, 2017 and is uptrending. It has outperformed by 38.16% the S&P500.

Minneapolis Portfolio Management Group Llc decreased its stake in 3M Co (MMM) by 16.46% based on its latest 2017Q4 regulatory filing with the SEC. Minneapolis Portfolio Management Group Llc sold 21,357 shares as the company’s stock declined 8.03% with the market. The institutional investor held 108,430 shares of the medical and dental instruments company at the end of 2017Q4, valued at $25.52M, down from 129,787 at the end of the previous reported quarter. Minneapolis Portfolio Management Group Llc who had been investing in 3M Co for a number of months, seems to be less bullish one the $118.13 billion market cap company. The stock decreased 1.38% or $2.79 during the last trading session, reaching $198.97. About 2.31 million shares traded. 3M Company (NYSE:MMM) has risen 13.36% since May 23, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Investors sentiment decreased to 0.8 in Q4 2017. Its down 0.28, from 1.08 in 2017Q3. It dropped, as 26 investors sold RP shares while 70 reduced holdings. 25 funds opened positions while 52 raised stakes. 60.64 million shares or 4.44% more from 58.06 million shares in 2017Q3 were reported. Portolan Cap Limited Co owns 132,495 shares. California State Teachers Retirement Systems holds 0.01% or 92,540 shares in its portfolio. American Century has 274,397 shares for 0.01% of their portfolio. Eqis Management owns 33,811 shares. Eagle Asset Mgmt Inc invested 0.6% of its portfolio in RealPage, Inc. (NASDAQ:RP). Rothschild Asset Mgmt, New York-based fund reported 1.09M shares. State Street Corp has 1.38M shares. Moreover, Point72 Asia (Hong Kong) has 0.03% invested in RealPage, Inc. (NASDAQ:RP). Eaton Vance Management accumulated 525,247 shares. Albion Finance Gp Ut has 0.16% invested in RealPage, Inc. (NASDAQ:RP) for 23,092 shares. Vanguard Group has invested 0.01% in RealPage, Inc. (NASDAQ:RP). Macquarie Grp Ltd invested in 69,062 shares or 0.01% of the stock. Pacad Investment reported 1,000 shares. Contour Asset Mngmt Ltd Limited Liability Company owns 1.88 million shares. Franklin Resources Inc accumulated 0.02% or 904,002 shares.

Among 7 analysts covering RealPage (NASDAQ:RP), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. RealPage had 22 analyst reports since June 8, 2016 according to SRatingsIntel. Stephens maintained the shares of RP in report on Thursday, August 3 with “Buy” rating. The rating was maintained by Stephens with “Buy” on Friday, April 20. The stock of RealPage, Inc. (NASDAQ:RP) has “Buy” rating given on Tuesday, December 19 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the shares of RP in report on Monday, February 5 with “Buy” rating. RBC Capital Markets maintained RealPage, Inc. (NASDAQ:RP) on Wednesday, January 17 with “Hold” rating. The firm has “Buy” rating by Benchmark given on Tuesday, June 28. The rating was maintained by Deutsche Bank on Thursday, August 3 with “Buy”. RBC Capital Markets maintained the shares of RP in report on Sunday, July 23 with “Hold” rating. Morgan Stanley upgraded the shares of RP in report on Tuesday, January 30 to “Overweight” rating. The firm has “Hold” rating given on Monday, June 19 by RBC Capital Markets.

Analysts await RealPage, Inc. (NASDAQ:RP) to report earnings on August, 1. They expect $0.25 earnings per share, up 92.31% or $0.12 from last year’s $0.13 per share. RP’s profit will be $21.27M for 58.30 P/E if the $0.25 EPS becomes a reality. After $0.28 actual earnings per share reported by RealPage, Inc. for the previous quarter, Wall Street now forecasts -10.71% negative EPS growth.

More recent RealPage, Inc. (NASDAQ:RP) news were published by: Streetinsider.com which released: “RealPage (RP) Announces Proposed 6.5M Share Follow-on Public Offering of Common Stock” on May 21, 2018. Also Seekingalpha.com published the news titled: “RealPage’s (RP) CEO Steve Winn on Q1 2018 Results – Earnings Call Transcript” on May 07, 2018. Streetinsider.com‘s news article titled: “RealPage (RP) Tops Q1 EPS by 3c; Guides Above Views” with publication date: May 03, 2018 was also an interesting one.

Since December 8, 2017, it had 0 buys, and 25 insider sales for $143.58 million activity. Glover Ashley Chaffin also sold $135,210 worth of RealPage, Inc. (NASDAQ:RP) on Friday, December 8. $123,750 worth of stock was sold by Monk David G on Thursday, December 14. 201,968 shares were sold by WINN STEPHEN T, worth $9.19M on Wednesday, January 3. $375,200 worth of RealPage, Inc. (NASDAQ:RP) was sold by HILL W BRYAN. Blount Andrew also sold $2.88 million worth of RealPage, Inc. (NASDAQ:RP) on Friday, March 2. The insider Chaney William P sold $45,000.

Echo Street Capital Management Llc, which manages about $2.68B and $3.31 billion US Long portfolio, upped its stake in Abaxis Inc (NASDAQ:ABAX) by 33,602 shares to 487,204 shares, valued at $24.13M in 2017Q4, according to the filing. It also increased its holding in Weingarten Rlty Invs (NYSE:WRI) by 131,636 shares in the quarter, for a total of 590,615 shares, and has risen its stake in Mastercard Incorporated (NYSE:MA).

Minneapolis Portfolio Management Group Llc, which manages about $907.73 million and $734.01M US Long portfolio, upped its stake in Best Buy Inc (NYSE:BBY) by 8,685 shares to 406,253 shares, valued at $27.82M in 2017Q4, according to the filing. It also increased its holding in Fedex Corp (NYSE:FDX) by 1,866 shares in the quarter, for a total of 148,477 shares, and has risen its stake in Popular Inc (NASDAQ:BPOP).

Since January 31, 2018, it had 0 insider buys, and 16 selling transactions for $30.99 million activity. THULIN INGE G sold $4.75M worth of stock or 18,866 shares. Bauman James L had sold 8,834 shares worth $2.19M on Friday, February 2. Shin Hak Cheol also sold $474,944 worth of 3M Company (NYSE:MMM) on Thursday, February 1. Roman Michael F sold $1.02 million worth of stock. Gangestad Nicholas C sold $419,846 worth of stock. 13,480 shares valued at $3.33 million were sold by Keel Paul A on Thursday, February 1.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, July 13 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Hold” rating on Friday, January 26 by Stifel Nicolaus. The stock of 3M Company (NYSE:MMM) earned “Equal-Weight” rating by Barclays Capital on Monday, October 5. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, April 3. The firm earned “Hold” rating on Wednesday, July 19 by Stifel Nicolaus. The rating was maintained by Citigroup on Tuesday, April 19 with “Buy”. The stock of 3M Company (NYSE:MMM) has “Underweight” rating given on Wednesday, July 26 by Morgan Stanley. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, August 25. On Tuesday, April 24 the stock rating was maintained by RBC Capital Markets with “Hold”. Morgan Stanley maintained 3M Company (NYSE:MMM) on Wednesday, March 30 with “Underweight” rating.

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It improved, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. Firsthand Capital invested 0.17% in 3M Company (NYSE:MMM). Aimz Limited Liability Company reported 1.17% of its portfolio in 3M Company (NYSE:MMM). Tru Company Of Toledo Na Oh invested in 12,281 shares or 0.72% of the stock. Bankshares Of Nova Scotia Tru accumulated 50,993 shares or 1.3% of the stock. Cullen Frost Bankers Inc has invested 0.26% in 3M Company (NYSE:MMM). Fiera reported 2.00M shares stake. 20,700 were reported by Centre Asset Mgmt Limited Liability Corp. Hyman Charles D invested in 88,314 shares or 2.39% of the stock. Murphy Pohlad Asset Management Limited Liability Com holds 1.54% or 9,926 shares in its portfolio. Kbc Gru Nv invested 0.11% in 3M Company (NYSE:MMM). First Financial Bank Of Hutchinson holds 1,000 shares. Old Mutual Customised Solutions (Proprietary) Limited has 0.78% invested in 3M Company (NYSE:MMM) for 32,413 shares. Burt Wealth has 3,554 shares for 0.52% of their portfolio. Guardian Advisors Ltd Partnership reported 13,025 shares. Stephens Inc Ar invested in 51,692 shares or 0.46% of the stock.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “Jefferies cautious on 3M amid rate, recession fears” on May 16, 2018, also 247Wallst.com with their article: “Why 3M Earnings Aren’t Enough” published on April 24, 2018, Investorplace.com published: “Resistance Looms Large for 3M Co Stock — Short It!” on May 11, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Livetradingnews.com and their article: “3M Company (NYSE:MMM) Stock Worth Watching” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “3M Stumbles, And The Knives Come Out” with publication date: April 26, 2018.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 EPS, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56 billion for 18.91 P/E if the $2.63 EPS becomes a reality. After $2.50 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

RealPage, Inc. (NASDAQ:RP) Institutional Positions Chart

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