Analyst Don Bilson of Gordon Haskett suggests that 3M Company (NYSE:MMM) could be on the radar of an activist investor. Bilson’s belief stems from the fact that financial services giant Morgan Stanley (NYSE:MS) purchased over 4.5 million shares of 3M Company in Q3, as per a 13F regulatory filing. 3M Company operates in the fields of industry, worker safety, U.S. health care, and consumer goods. Interestingly, Morgan Stanley acts as a prime broker for large institutional clients and may have purchased the shares on behalf of an activist investor. Bilson believes that an activist investor could pursue 3M to separate its consumer business from the industrial business.
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