Key Points
- Insider sale: CAO Theresa Reinseth sold 5,145 shares at an average of $172.75 for a total of $888,798.75, reducing her holding by 66.56% to 2,585 shares (filed with the SEC).
- Dividend increase: 3M raised its quarterly dividend to $0.78 (from $0.73), an annualized $3.12 payout with a ~1.8% yield; the ex-dividend date was Feb. 13 and payment is scheduled for Mar. 12.
- Earnings and guidance: 3M reported $1.83 EPS for the quarter (vs. $1.80 estimate) on $6.0B revenue and set FY2026 guidance of $8.50–$8.70 EPS, above the sell-side consensus of ~7.8 EPS.
3M Company (NYSE:MMM - Get Free Report) CAO Theresa Reinseth sold 5,145 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total transaction of $888,798.75. Following the completion of the transaction, the chief accounting officer owned 2,585 shares in the company, valued at approximately $446,558.75. This represents a 66.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
3M Trading Up 1.0%
3M stock opened at $174.65 on Friday. 3M Company has a 12 month low of $121.98 and a 12 month high of $177.41. 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 market cap of $91.99 billion, a P/E ratio of 29.11, a P/E/G ratio of 2.42 and a beta of 1.09. The company's fifty day simple moving average is $163.59 and its 200-day simple moving average is $160.55.
3M (NYSE:MMM - Get Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.03. 3M had a return on equity of 95.36% and a net margin of 13.03%.The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the company earned $1.68 earnings per share. 3M's quarterly revenue was up 1.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. As a group, sell-side analysts forecast that 3M Company will post 7.8 EPS for the current fiscal year.
3M Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 13th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.8%. This is a boost from 3M's previous quarterly dividend of $0.73. The ex-dividend date is Friday, February 13th. 3M's dividend payout ratio is presently 48.67%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Wolfe Research reduced their price objective on shares of 3M from $197.00 to $196.00 and set an "outperform" rating for the company in a research note on Thursday, January 15th. Morgan Stanley boosted their price objective on shares of 3M from $160.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of 3M from $179.00 to $181.00 and gave the company a "hold" rating in a research note on Wednesday, January 21st. Barclays boosted their price objective on 3M from $180.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, December 4th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $182.00 price target on shares of 3M in a research report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, 3M currently has an average rating of "Hold" and an average target price of $175.36.
View Our Latest Stock Analysis on MMM
Institutional Investors Weigh In On 3M
A number of institutional investors have recently added to or reduced their stakes in MMM. PFA Pension Forsikringsaktieselskab acquired a new position in 3M in the 4th quarter valued at approximately $65,009,000. SG Americas Securities LLC increased its position in shares of 3M by 806.1% during the fourth quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate's stock valued at $50,345,000 after purchasing an additional 279,757 shares during the period. Handelsbanken Fonder AB raised its stake 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 purchasing an additional 4,101 shares in the last quarter. Adams Diversified Equity Fund Inc. bought a new position in 3M in the second quarter worth $21,009,000. Finally, Willis Investment Counsel lifted its position in 3M by 1.5% in the fourth quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate's stock worth $21,796,000 after purchasing an additional 2,077 shares during the period. 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).
Further Reading
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