First Bank & Trust Acquires Shares of 5,173 3M Company $MMM

First Bank & Trust bought a new stake in shares of 3M Company (NYSE:MMM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,173 shares of the conglomerate’s stock, valued at approximately $828,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. J.Safra Asset Management Corp acquired a new stake in 3M during the third quarter worth about $34,000. Westside Investment Management Inc. raised its position in shares of 3M by 77.4% in the 3rd quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after buying an additional 106 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of 3M in the 3rd quarter valued at approximately $50,000. Collier Financial bought a new stake in shares of 3M during the 3rd quarter worth approximately $52,000. Finally, WFA of San Diego LLC acquired a new stake in shares of 3M during the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on MMM shares. Citigroup decreased their price objective on shares of 3M from $181.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Mizuho set a $160.00 target price on 3M in a research note on Wednesday, January 21st. Morgan Stanley raised their target price on 3M from $160.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. Wells Fargo & Company lowered their price target on 3M from $183.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on 3M from $179.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $175.90.

3M Trading Up 0.9%

Shares of 3M stock opened at $147.96 on Thursday. The firm’s 50 day moving average is $159.68 and its 200 day moving average is $161.30. The firm has a market capitalization of $77.93 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. 3M Company has a 1 year low of $121.98 and a 1 year high of $177.41. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 2.30.

3M (NYSE:MMM) last issued its earnings results on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.03 billion. 3M had a net margin of 13.03% and a return on equity of 95.36%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.68 earnings per share. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Equities research analysts forecast that 3M Company will post 7.8 earnings per share for the current fiscal year.

3M Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 13th were issued a dividend of $0.78 per share. This is a positive change from 3M’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Friday, February 13th. This represents a $3.12 annualized dividend and a dividend yield of 2.1%. 3M’s dividend payout ratio (DPR) is 52.00%.

Insider Buying and Selling at 3M

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total transaction of $888,798.75. Following the sale, the chief accounting officer owned 2,585 shares in the company, valued at $446,558.75. The trade was a 66.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

3M Profile

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).