3M (NYSE:MMM) Given New $185.00 Price Target at HSBC

3M (NYSE:MMM) had its price target lifted by HSBC from $175.00 to $185.00 in a research note published on Wednesday,MarketScreener reports. The firm currently has a buy rating on the conglomerate’s stock.

MMM has been the subject of several other reports. Wells Fargo & Company raised their target price on shares of 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of 3M from $182.00 to $178.00 and set a “neutral” rating for the company in a report on Wednesday. Royal Bank Of Canada decreased their price target on shares of 3M from $134.00 to $133.00 and set an “underperform” rating on the stock in a research note on Wednesday. Weiss Ratings cut shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley raised their price target on shares of 3M from $160.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, 3M has an average rating of “Hold” and a consensus target price of $171.17.

3M Price Performance

Shares of MMM traded down $0.18 during trading hours on Wednesday, reaching $145.60. The company had a trading volume of 1,070,839 shares, compared to its average volume of 3,996,528. The firm has a 50 day simple moving average of $153.72 and a 200-day simple moving average of $160.22. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 3.29. The company has a market capitalization of $76.06 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.16 and a beta of 1.09. 3M has a 12-month low of $134.85 and a 12-month high of $177.41.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.16. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.04 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.88 EPS. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Research analysts expect that 3M will post 8.65 earnings per share for the current year.

3M Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 13th were paid a dividend of $0.78 per share. This is an increase from 3M’s previous quarterly dividend of $0.73. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, February 13th. 3M’s payout ratio is 52.00%.

Insider Activity

In other news, CAO Theresa E. Reinseth sold 5,145 shares of 3M stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total transaction of $888,798.75. Following the sale, the chief accounting officer owned 2,585 shares in the company, valued at $446,558.75. This trade represents a 66.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Institutional Trading of 3M

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its holdings in 3M by 653.6% in the first quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after purchasing an additional 2,055,419 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in 3M in the fourth quarter worth $65,009,000. Handelsbanken Fonder AB boosted its holdings in 3M by 1.5% in the fourth quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock worth $43,511,000 after purchasing an additional 4,101 shares during the period. Captrust Financial Advisors boosted its holdings in 3M by 2.9% in the fourth quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock worth $25,084,000 after purchasing an additional 4,372 shares during the period. Finally, Willis Investment Counsel boosted its holdings in 3M by 1.5% in the fourth quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate’s stock worth $21,796,000 after purchasing an additional 2,077 shares during the period. Institutional investors own 65.25% of the company’s stock.

Trending Headlines about 3M

Here are the key news stories impacting 3M this week:

• Positive Sentiment: Q1 earnings beat and maintained outlook — 3M reported adjusted EPS of $2.14, topping estimates and citing margin gains and cost controls while holding its full-year guidance, which supports near-term earnings visibility. Read More.
• Positive Sentiment: Productivity and strategic actions highlighted — Coverage notes productivity gains and pricing steps helped offset sluggish organic growth, improving operating leverage that investors prize. Read More.
• Positive Sentiment: Analyst upgrades/target increases — Wells Fargo raised its target to $165 and kept an overweight rating, signaling renewed buy-side interest. Read More.
• Positive Sentiment: Jefferies lifted its price target to $170 (hold) — another vote of confidence that adds upward pressure on the stock. Read More.
• Positive Sentiment: Buy-the-dip commentary from some outlets — analysts/commentary pieces (e.g., Seeking Alpha) suggest starting to nibble given the beat and valuation metrics. Read More.
• Neutral Sentiment: Revenue mixed — reported revenue of $6.00B roughly met expectations (+3.9% Y/Y) but organic sales weakness tempers the quality of the beat. Read More.
• Neutral Sentiment: Deutsche Bank trims target but stays constructive — PT lowered to $171 from $181 and remains a hold, leaving room for upside but signaling more cautious near-term view. Read More.
• Negative Sentiment: RBC underperform/target cut — Royal Bank of Canada cut its PT to $133 and kept an underperform rating, introducing downside risk and reminding investors of differing views on growth and capital allocation. Read More.

About 3M

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).