5 Value Stocks to Buy According to Joel Greenblatt

4. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 41 

3M Company (NYSE:MMM) is a diversified technology company. The firm’s latest 13F filing reveals that Greenblatt’s fund owned 78,792 shares of the company at the end of the fourth quarter of 2021 worth $13.9 million, representing 0.45% of the value of its 13F portfolio. The investment firm upped its stake in the firm by 45% in the fourth quarter. 

On February 15, Wells Fargo analyst Joseph O’Dea kept an ‘Equal Weight’ rating on 3M Company (NYSE:MMM) with a price target of $173. The stock has nosedived in recent weeks after the firm lost a $50 million jury verdict in its ongoing stream of defective earplug lawsuits. 

Among the hedge funds being tracked by Insider Monkey, Washington-based firm Fisher Asset Management is a leading shareholder in 3M Company (NYSE:MMM) with 5.7 million shares worth more than $1 billion.