Key Points
- 3M insider Rodriguez Beatriz Karin Chavez sold 3,635 shares for approximately $663,424, reducing her holdings by 20.57% to 14,035 shares.
- 3M shares opened at $180.64 and were down 0.8%, near their 52-week high of $184.90. The company recently exceeded quarterly earnings and revenue estimates, reporting $2.40 EPS and $6.50 billion in revenue.
- 3M declared a quarterly dividend of $0.78 per share, equivalent to an annualized $3.12 payout and a 1.7% yield. Analysts’ consensus rating is Hold, with an average price target of $177.21.
3M Company (NYSE:MMM - Get Free Report) insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the transaction, the insider owned 14,035 shares of the company's stock, valued at $2,561,527.85. This trade represents a 20.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
3M Trading Down 0.8%
NYSE:MMM opened at $180.64 on Friday. The stock has a market cap of $93.16 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.21 and a beta of 1.01. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24. 3M Company has a 1 year low of $139.34 and a 1 year high of $184.90. The business has a fifty day moving average of $163.33 and a 200-day moving average of $157.12.
3M (NYSE:MMM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.15. The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.40 billion. 3M had a net margin of 11.90% and a return on equity of 115.87%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Equities analysts predict that 3M Company will post 8.95 earnings per share for the current year.
3M Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 22nd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, May 22nd. 3M's payout ratio is 55.42%.
Hedge Funds Weigh In On 3M
A number of institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of 3M by 26.6% during the fourth quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate's stock valued at $1,149,000 after acquiring an additional 1,872 shares during the period. Bison Wealth LLC boosted its stake in 3M by 10.2% in 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 period. BI Asset Management Fondsmaeglerselskab A S grew its position in 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 in the last quarter. WFA of San Diego LLC purchased a new position in 3M during the 2nd quarter worth approximately $61,000. Finally, Morse Asset Management Inc raised its stake in 3M by 1.8% during the 2nd quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate's stock valued at $1,568,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.
Wall Street Analyst Weigh In
MMM has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of 3M from $166.00 to $183.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada boosted their target price on 3M from $123.00 to $132.00 and gave the stock an "underperform" rating in a report on Wednesday, July 22nd. Wells Fargo & Company upped their target price on 3M from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Mizuho increased their price target on 3M from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, Wolfe Research reiterated an "outperform" rating on shares of 3M in a research report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, 3M presently has an average rating of "Hold" and a consensus price target of $177.21.
Check Out Our Latest Research Report on MMM
3M Company Profile
(
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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