Rep. Josh Gottheimer Sells Off Shares of 3M Company (NYSE:MMM)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of 3M Company (NYSE:MMM). In a filing disclosed on November 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in 3M stock on October 20th. 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 NetEase (NASDAQ:NTES) on 10/17/2025.
• Purchased $1,001 – $15,000 in shares of NiCE (NASDAQ:NICE) on 10/17/2025.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 10/16/2025.
• Purchased $1,001 – $15,000 in shares of CommVault Systems (NASDAQ:CVLT) on 9/23/2025.
• Sold $1,001 – $15,000 in shares of Baldwin Insurance Group (NASDAQ:BWIN) on 9/23/2025.
• Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/22/2025.
• Sold $1,001 – $15,000 in shares of Diageo (NYSE:DEO) on 9/22/2025.
• Purchased $1,001 – $15,000 in shares of Natera (NASDAQ:NTRA) on 9/22/2025.
• Purchased $1,001 – $15,000 in shares of Independence Realty Trust (NYSE:IRT) on 9/22/2025.
• Purchased $1,001 – $15,000 in shares of Sysmex (OTCMKTS:SSMXY) on 9/22/2025.

3M Stock Up 2.1%

Shares of NYSE:MMM opened at $168.08 on Monday. The firm has a market cap of $89.29 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.90 and a beta of 1.06. 3M Company has a 12-month low of $121.98 and a 12-month high of $172.85. The business has a fifty day simple moving average of $160.26 and a 200 day simple moving average of $154.47. The company has a quick ratio of 1.40, a current ratio of 1.84 and a debt-to-equity ratio of 2.54.

3M (NYSE:MMM) last released its quarterly earnings results on Tuesday, February 21st. The conglomerate reported $2.45 EPS for the quarter. 3M had a return on equity of 98.47% and a net margin of 13.70%.The firm had revenue of $8.38 billion for the quarter. Analysts predict that 3M Company will post 7.8 earnings per share for the current year.

3M Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, November 14th. 3M’s dividend payout ratio is presently 46.65%.

Analyst Ratings Changes

A number of research firms have weighed in on MMM. Morgan Stanley set a $160.00 target price on shares of 3M and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Wolfe Research upped their price objective on shares of 3M from $187.00 to $197.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Citigroup increased their price objective on shares of 3M from $160.00 to $169.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Barclays lifted their target price on shares of 3M from $172.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of 3M from $177.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, 3M currently has an average rating of “Moderate Buy” and an average target price of $175.10.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Nippon Life Global Investors Americas Inc. boosted its holdings in 3M by 1.8% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 429,850 shares of the conglomerate’s stock worth $63,128,000 after acquiring an additional 7,620 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of 3M by 15.8% during the second quarter. Farther Finance Advisors LLC now owns 12,137 shares of the conglomerate’s stock worth $1,848,000 after purchasing an additional 1,652 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of 3M by 12.0% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 40,875 shares of the conglomerate’s stock worth $6,218,000 after purchasing an additional 4,384 shares in the last quarter. Aegis Wealth Management LLC grew its position in 3M by 50.8% in the 1st quarter. Aegis Wealth Management LLC now owns 13,101 shares of the conglomerate’s stock valued at $1,924,000 after purchasing an additional 4,411 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new stake in 3M during the 1st quarter valued at $68,822,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Insider Buying and Selling at 3M

In other 3M news, EVP Mark W. Murphy sold 19,061 shares of 3M stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $166.55, for a total transaction of $3,174,609.55. Following the completion of the transaction, the executive vice president owned 6,594 shares in the company, valued at approximately $1,098,230.70. The trade was a 74.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Zoe L. Dickson sold 13,826 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $169.78, for a total value of $2,347,378.28. Following the completion of the transaction, the executive vice president owned 6,162 shares in the company, valued at $1,046,184.36. This represents a 69.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 46,516 shares of company stock worth $7,836,465. Corporate insiders own 0.34% of the company’s stock.

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.

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.