3M Company (NYSE:MMM – Get Free Report) has been given a consensus rating of “Hold” by the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $177.2143.
MMM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of 3M from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $178.00 to $180.00 in a research report on Friday, July 17th. The Goldman Sachs Group restated a “buy” rating on shares of 3M in a research report on Wednesday, July 22nd. Barclays cut their target price on 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company increased their price target on 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, HSBC boosted their price objective on 3M from $175.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd.
Read Our Latest Research Report on 3M
3M Trading Up 3.2%
3M (NYSE:MMM – Get Free Report) last announced its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.15. 3M had a net margin of 11.90% and a return on equity of 115.87%. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the firm posted $2.16 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, analysts anticipate that 3M will post 8.91 earnings per share for the current year.
3M Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, May 22nd. 3M’s dividend payout ratio (DPR) is 55.42%.
Institutional Investors Weigh In On 3M
Several large investors have recently added to or reduced their stakes in MMM. SG Americas Securities LLC increased its position in shares of 3M by 653.6% during the first quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after acquiring an additional 2,055,419 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of 3M in the fourth quarter valued at approximately $65,009,000. Ascentis Wealth Management LLC boosted its holdings in shares of 3M by 22,972.5% in the second quarter. Ascentis Wealth Management LLC now owns 347,472 shares of the conglomerate’s stock valued at $56,259,000 after purchasing an additional 345,966 shares during the period. Entropy Technologies LP bought a new position in 3M in the first quarter worth approximately $10,945,000. Finally, Wealth Architects LLC grew its stake in 3M by 1,610.6% in the second quarter. Wealth Architects LLC now owns 27,267 shares of the conglomerate’s stock worth $4,415,000 after purchasing an additional 25,673 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.
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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