3M Company (NYSE:MMM – Get Free Report) insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the sale, the insider directly owned 14,035 shares of the company’s stock, valued at $2,561,527.85. The trade was a 20.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
3M Stock Down 0.8%
MMM stock traded down $1.44 on Thursday, hitting $180.64. 2,432,908 shares of the company’s stock were exchanged, compared to its average volume of 3,958,719. The firm has a 50 day moving average price of $162.77 and a two-hundred day moving average price of $157.03. 3M Company has a 12-month low of $139.34 and a 12-month high of $184.90. The stock has a market cap of $93.16 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24.
3M (NYSE:MMM – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same period last year, the business posted $2.16 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, equities research analysts expect that 3M Company will post 8.95 EPS for the current fiscal year.
3M Announces Dividend
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Wolfe Research restated an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. Mizuho lifted their target price on 3M from $160.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Royal Bank Of Canada upped their target price on 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a research report on Wednesday, July 22nd. Finally, HSBC raised their price target on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, 3M currently has an average rating of “Hold” and an average price target of $177.21.
Get Our Latest Stock Report on 3M
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC boosted its position in 3M by 0.4% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 70,541 shares of the conglomerate’s stock worth $11,421,000 after purchasing an additional 314 shares in the last quarter. Texas Bank & Trust Co boosted its holdings in 3M by 49.2% during the second quarter. Texas Bank & Trust Co now owns 4,212 shares of the conglomerate’s stock worth $682,000 after buying an additional 1,388 shares in the last quarter. Bank of Stockton grew its position in 3M by 4.8% during the second quarter. Bank of Stockton now owns 5,560 shares of the conglomerate’s stock valued at $900,000 after buying an additional 255 shares during the period. Waterloo Capital L.P. increased its holdings in 3M by 3.3% in the second quarter. Waterloo Capital L.P. now owns 24,889 shares of the conglomerate’s stock valued at $4,030,000 after buying an additional 793 shares in the last quarter. Finally, Baldwin Investment Management LLC purchased a new position in 3M in the second quarter valued at $348,000. 65.25% of the stock is owned by institutional investors and hedge funds.
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).
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