3M Company (NYSE:MMM) Receives Consensus Rating of “Hold” from Analysts

3M Company (NYSE:MMM) has received a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $175.3636.

A number of research analysts have recently commented on MMM shares. Barclays increased their target price on 3M from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Citigroup decreased their price target 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. Wolfe Research dropped their price objective on shares of 3M from $197.00 to $196.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Weiss Ratings cut shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $182.00 price target on shares of 3M in a report on Friday, January 16th.

Insider Buying and Selling at 3M

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the 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 approximately $446,558.75. This represents a 66.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On 3M

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Trust boosted its stake in shares of 3M by 3.4% during the 4th quarter. American Trust now owns 1,803 shares of the conglomerate’s stock worth $289,000 after purchasing an additional 60 shares during the period. Walter & Keenan Wealth Management LLC IN ADV lifted its stake in 3M by 1.0% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,045 shares of the conglomerate’s stock worth $938,000 after purchasing an additional 61 shares during the last quarter. Private Trust Co. NA boosted its position in shares of 3M by 0.8% during the third quarter. Private Trust Co. NA now owns 9,205 shares of the conglomerate’s stock valued at $1,428,000 after buying an additional 69 shares during the period. MJT & Associates Financial Advisory Group Inc. grew its stake in shares of 3M by 6.0% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 1,255 shares of the conglomerate’s stock valued at $195,000 after buying an additional 71 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of 3M by 4.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,802 shares of the conglomerate’s stock worth $288,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

3M Trading Up 1.1%

Shares of 3M stock opened at $166.90 on Monday. 3M has a twelve month low of $121.98 and a twelve month high of $177.41. 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 business has a 50-day moving average price of $163.74 and a 200-day moving average price of $161.49. The firm has a market cap of $87.90 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.34 and a beta of 1.09.

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

3M Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 13th will be issued a $0.78 dividend. This is a positive change from 3M’s previous quarterly dividend of $0.73. The ex-dividend date is Friday, February 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. 3M’s dividend payout ratio (DPR) is presently 52.00%.

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).