Rep. Julie Johnson Purchases Shares of 3M Company (NYSE:MMM)

Representative Julie Johnson (D-Texas) recently bought shares of 3M Company (NYSE:MMM). In a filing disclosed on July 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in 3M stock on June 18th. The trade occurred in the Representative’s “CHASE BROKERAGE ACCOUNT (3935)” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Palantir Technologies (NASDAQ:PLTR) on 6/30/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 6/13/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Bank of New York Mellon (NYSE:BK) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 5/2/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.

3M Price Performance

MMM opened at $153.81 on Friday. The business has a fifty day moving average of $149.91 and a 200 day moving average of $145.43. 3M Company has a 52-week low of $101.77 and a 52-week high of $164.15. The company has a quick ratio of 1.25, a current ratio of 1.66 and a debt-to-equity ratio of 2.72. The stock has a market cap of $82.78 billion, a P/E ratio of 19.42, a PEG ratio of 3.10 and a beta of 1.02.

3M (NYSE:MMM) last announced its quarterly earnings data on Friday, July 18th. The conglomerate reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.15. 3M had a return on equity of 96.19% and a net margin of 17.79%. The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the prior year, the firm earned $1.93 earnings per share. 3M’s revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that 3M Company will post 7.8 EPS for the current year.

3M Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.90%. 3M’s payout ratio is currently 36.87%.

Insider Transactions at 3M

In related news, EVP Zoe L. Dickson sold 7,915 shares of 3M stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.02, for a total value of $1,179,493.30. Following the completion of the transaction, the executive vice president owned 6,127 shares in the company, valued at $913,045.54. The trade was a 56.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Patrick Banovetz sold 7,759 shares of 3M stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $148.37, for a total value of $1,151,202.83. Following the completion of the transaction, the executive vice president owned 31,372 shares of the company’s stock, valued at approximately $4,654,663.64. This represents a 19.83% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On 3M

A number of institutional investors have recently modified their holdings of MMM. REAP Financial Group LLC raised its stake in shares of 3M by 88.7% during the 4th quarter. REAP Financial Group LLC now owns 200 shares of the conglomerate’s stock valued at $26,000 after buying an additional 94 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new position in shares of 3M during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new position in shares of 3M during the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of 3M during the 1st quarter valued at about $28,000. Finally, WPG Advisers LLC purchased a new position in shares of 3M during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MMM. Barclays set a $170.00 price objective on 3M in a research report on Friday. JPMorgan Chase & Co. set a $167.00 price objective on 3M in a research report on Friday. Wells Fargo & Company reissued an “overweight” rating on shares of 3M in a research report on Friday. Royal Bank Of Canada raised their price objective on 3M from $98.00 to $100.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 23rd. Finally, Citigroup raised their price objective on 3M from $141.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.33.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

About 3M

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.