3M (NYSE:MMM) Shares Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of 3M (NYSE:MMM). In a filing disclosed on May 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in 3M stock on April 5th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 4/23/2025.
• Purchased $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Hillman Solutions (NASDAQ:HLMN) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/17/2025.

3M Trading Up 2.9%

NYSE MMM opened at $153.11 on Friday. The firm has a market capitalization of $82.40 billion, a PE ratio of 20.28, a P/E/G ratio of 3.30 and a beta of 1.02. The stock’s 50 day moving average is $141.60 and its 200 day moving average is $139.40. 3M has a twelve month low of $96.76 and a twelve month high of $156.35. The company has a quick ratio of 1.08, a current ratio of 1.41 and a debt-to-equity ratio of 2.86.

3M (NYSE:MMM) last announced its earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.78 billion. 3M had a net margin of 15.71% and a return on equity of 100.77%. Research analysts forecast that 3M will post 7.8 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.91%. 3M’s payout ratio is presently 36.87%.

Institutional Trading of 3M

Institutional investors and hedge funds have recently bought and sold shares of the stock. Czech National Bank boosted its stake in 3M by 5.5% during the fourth quarter. Czech National Bank now owns 118,072 shares of the conglomerate’s stock valued at $15,242,000 after buying an additional 6,163 shares during the last quarter. Aprio Wealth Management LLC increased its stake in 3M by 19.1% in the 4th quarter. Aprio Wealth Management LLC now owns 3,195 shares of the conglomerate’s stock worth $412,000 after acquiring an additional 513 shares during the last quarter. Matrix Trust Co increased its stake in 3M by 602.9% in the 4th quarter. Matrix Trust Co now owns 738 shares of the conglomerate’s stock worth $95,000 after acquiring an additional 633 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of 3M by 19.3% during the 4th quarter. Wedmont Private Capital now owns 2,951 shares of the conglomerate’s stock worth $387,000 after acquiring an additional 477 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in shares of 3M by 310.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 6,552 shares of the conglomerate’s stock valued at $846,000 after acquiring an additional 4,954 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MMM shares. Barclays raised their price objective on 3M from $160.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of 3M from $140.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America raised their price target on shares of 3M from $175.00 to $179.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of 3M in a report on Saturday, May 10th. Finally, Citigroup decreased their target price on 3M from $152.00 to $142.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, 3M currently has a consensus rating of “Moderate Buy” and an average target price of $152.08.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

3M Company Profile

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.