Shares of 3M Company (NYSE:MMM – Get Free Report) have been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $181.36.
A number of research analysts have recently commented on MMM shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of 3M in a research report on Wednesday, July 22nd. Wells Fargo & Company initiated coverage on 3M in a research note on Thursday, September 24th. They issued an “equal weight” rating and a $195.00 price objective on the stock. Weiss Ratings raised shares of 3M from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. Wolfe Research reiterated an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Finally, Jefferies Financial Group lifted their target price on shares of 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Monday, June 29th.
Read Our Latest Research Report on MMM
3M Trading Up 0.8%
3M (NYSE:MMM – Get Free Report) last announced its quarterly earnings data 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 return on equity of 115.87% and a net margin of 11.90%.The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the company earned $2.16 earnings per share. 3M’s revenue was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Sell-side analysts expect that 3M will post 8.97 earnings per share for the current year.
3M Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, August 24th. 3M’s dividend payout ratio is presently 55.42%.
Insider Buying and Selling
In related news, insider Karin Chavez sold 3,635 shares of 3M stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the transaction, the insider directly owned 14,035 shares in the company, valued at approximately $2,561,527.85. The trade was a 20.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.
Institutional Investors Weigh In On 3M
Institutional investors have recently made changes to their positions in the stock. Diversified Management Inc. grew its position in shares of 3M by 2.4% in the third quarter. Diversified Management Inc. now owns 3,713 shares of the conglomerate’s stock valued at $609,000 after purchasing an additional 86 shares in the last quarter. Midwest Financial Partners Investments Inc. raised its stake in shares of 3M by 12.9% during the 3rd quarter. Midwest Financial Partners Investments Inc. now owns 5,441 shares of the conglomerate’s stock valued at $893,000 after purchasing an additional 622 shares during the period. Apella Capital LLC lifted its holdings in 3M by 26.8% during the 3rd quarter. Apella Capital LLC now owns 7,152 shares of the conglomerate’s stock worth $1,159,000 after purchasing an additional 1,512 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in 3M by 3.0% during the 3rd quarter. Everhart Financial Group Inc. now owns 4,914 shares of the conglomerate’s stock worth $807,000 after purchasing an additional 142 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its stake in 3M by 8.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 3,906 shares of the conglomerate’s stock worth $641,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.
3M Company Profile
3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.
The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.
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