Barclays Lowers 3M (NYSE:MMM) Price Target to $185.00

3M (NYSE:MMM) had its target price cut by research analysts at Barclays from $190.00 to $185.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s target price points to a potential upside of 28.04% from the stock’s current price.

Several other research analysts have also weighed in on MMM. Morgan Stanley upped their price objective on shares of 3M from $160.00 to $165.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of 3M from $179.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Wolfe Research upped their price target on shares of 3M from $196.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. 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 report on Wednesday, January 21st. Finally, Weiss Ratings cut 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, 3M presently has an average rating of “Hold” and a consensus target price of $172.64.

3M Trading Down 0.5%

Shares of MMM opened at $144.49 on Wednesday. The business’s 50-day moving average price is $157.37 and its 200 day moving average price is $160.78. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $75.48 billion, a P/E ratio of 24.08, a P/E/G ratio of 2.11 and a beta of 1.09. 3M has a 1-year low of $121.98 and a 1-year high of $177.41.

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

Insider Activity

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total value of $888,798.75. Following the completion of the sale, the chief accounting officer directly owned 2,585 shares in the company, valued at approximately $446,558.75. This represents a 66.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Institutional Trading of 3M

A number of institutional investors and hedge funds have recently made changes to their positions in MMM. American Trust raised its stake in shares of 3M by 3.4% in the 4th quarter. American Trust now owns 1,803 shares of the conglomerate’s stock valued at $289,000 after acquiring an additional 60 shares in the last quarter. Walter & Keenan Wealth Management LLC IN ADV boosted its position in 3M by 1.0% during 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 period. Private Trust Co. NA grew its holdings in 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 purchasing an additional 69 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. grew its holdings in 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 purchasing an additional 71 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its position 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 valued at $288,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

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).