Analysts Set 3M Company (NYSE:MMM) Target Price at $169.09

Shares of 3M Company (NYSE:MMM) have earned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $169.0909.

MMM has been the subject of several research reports. Citigroup reduced their target price on 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a research note on Monday. Jefferies Financial Group reduced their target price on 3M from $180.00 to $160.00 and set a “hold” rating for the company in a research note on Monday, March 30th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $182.00 target price on shares of 3M in a research note on Friday, January 16th. Royal Bank Of Canada reduced their target price on 3M from $136.00 to $125.00 and set an “underperform” rating for the company in a research note on Wednesday, April 8th. Finally, Weiss Ratings downgraded 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th.

Insiders Place Their Bets

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the firm’s 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 transaction, the chief accounting officer owned 2,585 shares of the company’s stock, valued at approximately $446,558.75. This trade represents a 66.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On 3M

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of 3M by 26.6% during the 4th quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate’s stock worth $1,149,000 after buying an additional 1,872 shares in the last quarter. Bison Wealth LLC increased its stake in shares of 3M by 10.2% during the 4th quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock worth $355,000 after purchasing an additional 255 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of 3M by 11.4% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate’s stock worth $3,289,000 after purchasing an additional 2,203 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of 3M during the 2nd quarter worth approximately $61,000. Finally, Morse Asset Management Inc increased its stake in shares of 3M by 1.8% during the 2nd quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate’s stock worth $1,568,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

3M Stock Performance

NYSE MMM opened at $150.58 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.71 and a debt-to-equity ratio of 2.30. The stock has a fifty day simple moving average of $155.51 and a 200 day simple moving average of $160.37. 3M has a twelve month low of $124.65 and a twelve month high of $177.41. The company has a market capitalization of $78.66 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 2.20 and a beta of 1.09.

3M (NYSE:MMM) last issued its quarterly earnings results on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.03. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.03 billion. 3M had a return on equity of 95.36% and a net margin of 13.03%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Sell-side analysts expect that 3M will post 7.8 EPS for the current year.

3M Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 13th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from 3M’s previous quarterly dividend of $0.73. 3M’s payout ratio is 52.00%.

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).