S&CO Inc. Sells 6,465 Shares of 3M Company $MMM

S&CO Inc. lowered its position in 3M Company (NYSE:MMM) by 17.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,115 shares of the conglomerate’s stock after selling 6,465 shares during the period. S&CO Inc.’s holdings in 3M were worth $4,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. J.Safra Asset Management Corp bought a new position in 3M in the 3rd quarter valued at $34,000. Westside Investment Management Inc. boosted its stake in shares of 3M by 77.4% during the third quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after purchasing an additional 106 shares during the period. Cloud Capital Management LLC bought a new position in shares of 3M in the third quarter worth about $50,000. Collier Financial purchased a new position in 3M in the 3rd quarter worth about $52,000. Finally, WFA of San Diego LLC purchased a new position in 3M in the 2nd quarter worth about $61,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

3M Stock Performance

Shares of 3M stock opened at $170.37 on Tuesday. The company has a market capitalization of $89.73 billion, a PE ratio of 28.40, a P/E/G ratio of 2.42 and a beta of 1.09. The company has a 50-day simple moving average of $163.44 and a two-hundred day simple moving average of $160.20. 3M Company has a one year low of $121.98 and a one year high of $174.69. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.33 and a current ratio of 1.71.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.03. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Research analysts expect that 3M Company will post 7.8 EPS for the current fiscal year.

3M Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 13th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from 3M’s previous quarterly dividend of $0.73. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.8%. 3M’s payout ratio is currently 48.67%.

Insider Activity at 3M

In other news, EVP Zoe L. Dickson sold 13,826 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $169.78, for a total transaction 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 represents a 69.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $182.00 target price on shares of 3M in a research note on Friday, January 16th. Weiss Ratings lowered 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Royal Bank Of Canada increased their price objective on 3M from $131.00 to $136.00 and gave the stock an “underperform” rating in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their target price on 3M from $179.00 to $181.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Finally, UBS Group upped their target price on 3M from $184.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, 3M has an average rating of “Hold” and an average target price of $175.36.

3M Company 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).