3M Company (MMM) to Distribute Quarterly Dividend of $0.78 on September 11th

3M Company (NYSE:MMM – Get Free Report) announced a quarterly dividend on Friday, August 14th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.78 per share by the conglomerate on Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th.

3M has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. 3M has a payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect 3M to earn $9.75 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 32.0%.

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3M Stock Performance

Shares of 3M stock traded up $0.84 on Friday, reaching $178.93. 2,587,897 shares of the stock were exchanged, compared to its average volume of 3,153,263. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. 3M has a twelve month low of $139.34 and a twelve month high of $184.90. The firm has a market capitalization of $92.28 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.16 and a beta of 1.01. The business has a 50 day moving average price of $169.27 and a two-hundred day moving average price of $158.89.

3M (NYSE:MMM – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, topping 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 company 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 company earned $2.16 EPS. 3M’s quarterly revenue was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Analysts anticipate that 3M will post 8.95 earnings per share for the current fiscal year.

Insider Activity at 3M

In related news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of 3M stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the transaction, the insider owned 14,035 shares in the company, valued at $2,561,527.85. The trade was a 20.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MMM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 3M by 7.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,935,534 shares of the conglomerate’s stock worth $637,202,000 after acquiring an additional 270,458 shares in the last quarter. SG Americas Securities LLC boosted its holdings in 3M by 653.6% in the 1st quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after buying an additional 2,055,419 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in 3M during the 4th quarter worth approximately $65,009,000. Ascentis Wealth Management LLC raised its holdings in shares of 3M by 22,972.5% during the second quarter. Ascentis Wealth Management LLC now owns 347,472 shares of the conglomerate’s stock valued at $56,259,000 after acquiring an additional 345,966 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of 3M by 1.5% in the fourth quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock valued at $43,511,000 after acquiring an additional 4,101 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

About 3M

(Get Free Report)

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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