3M Company (NYSE:MMM) Receives Average Rating of “Hold” from Brokerages

Shares of 3M Company (NYSE:MMM) have been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $175.3636.

Several analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on 3M from $183.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $182.00 target price on shares of 3M in a research note on Friday, January 16th. Royal Bank Of Canada upped their price target on shares of 3M from $131.00 to $136.00 and gave the company an “underperform” rating in a report on Wednesday, January 21st. Wolfe Research cut their price target on shares of 3M from $197.00 to $196.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Finally, Barclays boosted their price objective on shares of 3M from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th.

Insiders Place Their Bets

In other 3M news, EVP Zoe L. Dickson sold 13,826 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $169.78, for a total value of $2,347,378.28. Following the completion of the sale, the executive vice president owned 6,162 shares in the company, valued at approximately $1,046,184.36. This trade represents a 69.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Institutional Trading of 3M

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GFG Capital LLC bought a new position in 3M in the 2nd quarter worth $28,000. J.Safra Asset Management Corp purchased a new position in shares of 3M during the third quarter valued at about $34,000. Westside Investment Management Inc. raised its stake in 3M by 77.4% in the third quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock worth $38,000 after buying an additional 106 shares in the last quarter. Cloud Capital Management LLC bought a new position in 3M in the third quarter worth about $50,000. Finally, Collier Financial purchased a new stake in 3M in the third quarter worth about $52,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

3M Price Performance

Shares of NYSE:MMM opened at $155.86 on Thursday. 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 $82.80 billion, a PE ratio of 25.98, a PEG ratio of 2.21 and a beta of 1.09. The company’s fifty day moving average is $164.79 and its 200 day moving average is $159.78. 3M has a 52 week low of $121.98 and a 52 week high of $174.69.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. 3M had a return on equity of 95.36% and a net margin of 13.03%.The firm had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period last year, the firm earned $1.68 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Research analysts anticipate that 3M will post 7.8 earnings per share for the current year.

3M Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, November 14th. 3M’s payout ratio is currently 48.67%.

About 3M

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).