3M (NYSE:MMM) Releases FY 2025 Earnings Guidance

3M (NYSE:MMM) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 7.950-8.05 for the period, compared to the consensus estimate of 7.930. The company issued revenue guidance of -, compared to the consensus revenue estimate of $24.2 billion.

3M Price Performance

Shares of MMM opened at $166.99 on Thursday. The company has a market cap of $88.94 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.74 and a beta of 1.05. 3M has a 1-year low of $121.98 and a 1-year high of $169.18. The company’s fifty day simple moving average is $155.31 and its 200 day simple moving average is $149.31. The company has a current ratio of 1.72, a quick ratio of 1.20 and a debt-to-equity ratio of 2.87.

3M (NYSE:MMM) last issued its earnings results on Tuesday, February 21st. The conglomerate reported $2.45 earnings per share for the quarter. The business had revenue of $8.38 billion for the quarter. 3M had a net margin of 13.70% and a return on equity of 100.89%. On average, research analysts forecast that 3M will post 7.8 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, August 25th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, August 25th. 3M’s payout ratio is presently 40.61%.

Analyst Upgrades and Downgrades

MMM has been the topic of a number of recent analyst reports. Citigroup boosted their target price on shares of 3M from $160.00 to $169.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. raised their target price on shares of 3M from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada raised their target price on shares of 3M from $120.00 to $130.00 and gave the stock an “underperform” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of 3M from $176.00 to $183.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Barclays upped their price target on shares of 3M from $172.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.67.

Insider Activity

In other 3M news, CAO Theresa E. Reinseth sold 3,477 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.63, for a total value of $523,740.51. Following the transaction, the chief accounting officer directly owned 2,561 shares of the company’s stock, valued at $385,763.43. This trade represents a 57.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christian T. Goralski, Jr. sold 6,165 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $150.18, for a total transaction of $925,859.70. Following the completion of the transaction, the insider directly owned 2,900 shares in the company, valued at approximately $435,522. This represents a 68.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On 3M

Hedge funds have recently bought and sold shares of the company. WFA of San Diego LLC bought a new position in 3M in the 2nd quarter valued at about $61,000. Bison Wealth LLC lifted its holdings in shares of 3M by 10.2% in the fourth quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock worth $355,000 after acquiring an additional 255 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of 3M by 26.6% in the fourth quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate’s stock worth $1,149,000 after acquiring an additional 1,872 shares during the last quarter. Morse Asset Management Inc lifted its holdings in shares of 3M by 1.8% in the second quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate’s stock worth $1,568,000 after acquiring an additional 185 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of 3M by 11.4% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate’s stock worth $3,289,000 after acquiring an additional 2,203 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

3M Company Profile

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.