3M (NYSE:MMM) Given New $225.00 Price Target at The Goldman Sachs Group

Posted by Stanley Muller on Nov 6th, 2026

3M (NYSE:MMM – Free Report) had its price target hoisted by The Goldman Sachs Group from $200.00 to $225.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the conglomerate’s stock.

MMM has been the topic of several other research reports. Weiss Ratings raised shares of 3M from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Sanford C. Bernstein lifted their price objective on 3M from $171.00 to $197.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 21st. Wells Fargo & Company initiated coverage on 3M in a research note on Thursday, September 24th. They set an “equal weight” rating and a $195.00 target price for the company. UBS Group set a $230.00 price objective on shares of 3M in a research report on Wednesday. Finally, Wolfe Research reissued an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $190.07.

Check Out Our Latest Stock Report on 3M

3M Stock Down 3.2%

Shares of NYSE MMM opened at $187.72 on Thursday. The company has a market cap of $97.00 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.53 and a beta of 1.01. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 3.01. 3M has a 12 month low of $139.34 and a 12 month high of $196.90. The stock has a 50-day moving average price of $168.84 and a two-hundred day moving average price of $161.65.

3M (NYSE:MMM – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The conglomerate reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.12. 3M had a return on equity of 123.11% and a net margin of 14.01%. The company had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the prior year, the company earned $2.19 EPS. 3M’s revenue was up 1.5% compared to the same quarter last year. As a group, analysts forecast that 3M will post 9.14 earnings per share for the current fiscal year.

3M Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be paid a $0.78 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.12 annualized dividend and a dividend yield of 1.7%. 3M’s payout ratio is presently 46.50%.

3M announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 4th that permits the company to repurchase $6 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy up to 6.6% of its stock through open market purchases. Share repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of 3M

Institutional investors have recently modified their holdings of the business. Maryland State Retirement & Pension System grew its stake in shares of 3M by 11.7% in the 3rd quarter. Maryland State Retirement & Pension System now owns 31,383 shares of the conglomerate’s stock worth $5,152,000 after buying an additional 3,275 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of 3M by 11.7% in the 3rd quarter. Ritholtz Wealth Management now owns 12,049 shares of the conglomerate’s stock worth $1,978,000 after acquiring an additional 1,262 shares during the last quarter. UNIVEST FINANCIAL Corp boosted its position in shares of 3M by 9.2% during the third quarter. UNIVEST FINANCIAL Corp now owns 1,702 shares of the conglomerate’s stock valued at $279,000 after buying an additional 143 shares during the period. Jacobi Capital Management LLC boosted its holdings in 3M by 0.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 18,977 shares of the conglomerate’s stock valued at $3,115,000 after acquiring an additional 152 shares during the period. Finally, International Private Wealth Advisors LLC bought a new stake in shares of 3M during the third quarter worth $410,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 3M

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

Positive Sentiment: Goldman Sachs raised its price target to $225 and assigned a Buy rating, signaling confidence in further upside. JPMorgan also raised its target, to $210, and maintained an Overweight rating.
Positive Sentiment: Safety & Industrial growth is gaining momentum, with broad-based demand, margin expansion and productivity gains supporting an upbeat 2026 outlook. Zacks article
Positive Sentiment: 3M authorized up to $6 billion in share repurchases, a potential source of shareholder returns and a signal the board sees value in the shares.
Positive Sentiment: A PFAS settlement may reduce a major litigation overhang. UBS said it covers about 99% of current personal-injury claims and costs less than investors had expected. Proactive Investors article
Positive Sentiment: 3M and Amazon Web Services are expanding their data-center optics collaboration. The buildout is expected to create more than 500 jobs and support demand tied to AI infrastructure. Yahoo Finance article
Neutral Sentiment: 3M declared a quarterly dividend of $0.78 per share, equivalent to $3.12 annually.
Negative Sentiment: The PFAS resolution still carries uncertainty: a report said the payment arrangement depends on a participation threshold that has not been publicly disclosed. The multibillion-dollar obligation also remains a substantial cost. 24/7 Wall St. article

3M Company Profile

(Get Free Report)

3M is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it developed from a mining venture into a global enterprise known for applying materials science and engineering to a broad range of industrial, commercial and consumer applications.

The company develops and manufactures products including adhesives, abrasives, filtration systems, personal protective equipment, medical and dental supplies, electrical and electronic materials, automotive components, reflective materials and workplace safety solutions.