Rep. Julia Letlow Sells Off Shares of 3M Company (NYSE:MMM)

Representative Julia Letlow (Republican-Louisiana) recently sold shares of 3M Company (NYSE:MMM). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in 3M stock on February 2nd. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of HF Sinclair (NYSE:DINO) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of BXP (NYSE:BXP) on 2/20/2026.
• Purchased $1,001 – $15,000 in shares of Travelers Companies (NYSE:TRV) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of Expand Energy (NASDAQ:EXE) on 2/17/2026.
• Sold $1,001 – $15,000 in shares of Public Service Enterprise Group (NYSE:PEG) on 2/17/2026.
• Purchased $1,001 – $15,000 in shares of Vistra (NYSE:VST) on 2/17/2026.
• Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 2/12/2026.
• Purchased $1,001 – $15,000 in shares of Extra Space Storage (NYSE:EXR) on 2/12/2026.
• Sold $1,001 – $15,000 in shares of Icon (NASDAQ:ICLR) on 2/12/2026.
• Purchased $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 2/12/2026.

3M Stock Performance

NYSE MMM opened at $143.04 on Monday. The stock has a market cap of $74.72 billion, a PE ratio of 23.84, a P/E/G ratio of 2.08 and a beta of 1.08. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.33 and a current ratio of 1.71. The firm has a 50-day moving average of $158.64 and a 200-day moving average of $161.22. 3M Company has a 52-week low of $121.98 and a 52-week high of $177.41.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, January 20th. The conglomerate reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.03 billion. 3M had a net margin of 13.03% and a return on equity of 95.36%. 3M’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. On average, sell-side analysts anticipate that 3M Company will post 7.8 EPS for the current year.

3M Increases Dividend

The business also recently announced 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. The ex-dividend date was Friday, February 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from 3M’s previous quarterly dividend of $0.73. 3M’s dividend payout ratio is 52.00%.

Wall Street Analysts Forecast Growth

MMM has been the topic of several research reports. Morgan Stanley upped their target price on 3M from $160.00 to $165.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Weiss Ratings cut 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Wells Fargo & Company reduced their price target on 3M from $183.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their price objective on 3M from $131.00 to $136.00 and gave the stock an “underperform” rating in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on 3M from $179.00 to $181.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $175.90.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Commonwealth Retirement Investments LLC bought a new stake in 3M during the fourth quarter worth $28,000. J.Safra Asset Management Corp bought a new position in shares of 3M in the 3rd quarter valued at $34,000. Westside Investment Management Inc. increased its stake in shares of 3M by 77.4% in the 3rd quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after purchasing an additional 106 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in 3M in the fourth quarter valued at about $40,000. Finally, Sfam LLC bought a new position in 3M in the fourth quarter valued at about $45,000. 65.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Theresa E. Reinseth sold 5,145 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total value of $888,798.75. Following the completion of the transaction, the chief accounting officer owned 2,585 shares of the company’s stock, valued at approximately $446,558.75. This represents a 66.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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).