3M (NYSE:MMM) Shares Up 10.2% on Earnings Beat

3M Company (NYSE:MMM) shares were up 10.2% during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $174.51 and last traded at $175.32. Approximately 2,255,895 shares traded hands during trading, a decline of 42% from the average session volume of 3,913,072 shares. The stock had previously closed at $159.11.

The conglomerate reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.15. 3M had a net margin of 11.14% and a return on equity of 104.75%. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter last year, the company posted $2.16 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, May 22nd. 3M’s dividend payout ratio (DPR) is 60.12%.

More 3M News

Here are the key news stories impacting 3M this week:

• Positive Sentiment: 3M reported Q2 adjusted EPS of $2.40, beating Wall Street estimates, while revenue of $6.5 billion also came in ahead of expectations. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance
• Positive Sentiment: The company raised FY 2026 adjusted EPS guidance to $8.80-$8.95 from $8.50-$8.70, signaling management expects stronger profitability than previously forecast. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance
• Positive Sentiment: Growth in Safety & Industrial and Transportation & Electronics helped drive the beat, suggesting demand is improving across key businesses. 3M’s Q2 Earnings Top Estimates, Safety & Industrial Sales Rise Y/Y
• Positive Sentiment: Management said pricing actions and cost reductions should help offset higher inflation from oil, which supports margin durability even with input-cost pressure. 3m stock jumps 10% after earnings beat, raised annual profit outlook
• Neutral Sentiment: Investors are also weighing commentary that the turnaround looks real, but some of the improvement may already be reflected in the stock’s valuation. 3M: The Turnaround Is Real, But Already Priced In

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised 3M to a “buy” rating and set a $190.00 target price on the stock in a report on Monday, June 15th. Sanford C. Bernstein assumed coverage on shares of 3M in a research note on Tuesday, June 9th. They issued an “underperform” rating and a $131.00 price objective on the stock. Wolfe Research reiterated an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. HSBC lifted their price target on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on 3M from $181.00 to $171.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.43.

Institutional Investors Weigh In On 3M

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of 3M by 806.1% in the fourth quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock worth $50,345,000 after purchasing an additional 279,757 shares during the period. FSA Advisors Inc. bought a new stake in shares of 3M during the 4th quarter valued at $1,625,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of 3M during the 4th quarter valued at $65,009,000. Catalyst Funds Management Pty Ltd lifted its stake in shares of 3M by 260.4% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 17,300 shares of the conglomerate’s stock valued at $2,770,000 after buying an additional 12,500 shares in the last quarter. Finally, First Bank & Trust bought a new position in 3M in the 4th quarter worth $828,000. Institutional investors own 65.25% of the company’s stock.

3M Price Performance

The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.19 and a current ratio of 1.59. The company has a market cap of $89.30 billion, a P/E ratio of 32.99, a P/E/G ratio of 2.24 and a beta of 1.02. The firm’s fifty day moving average is $156.99 and its two-hundred day moving average is $156.17.

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).