3M Company (NYSE:MMM) Receives $175.36 Average Target Price from Analysts

3M Company (NYSE:MMM) has received an average rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat reports. One 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 1 year price target among brokers that have updated their coverage on the stock in the last year is $176.1818.

A number of research firms have issued reports on MMM. Deutsche Bank Aktiengesellschaft upped their target price on shares of 3M from $179.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Weiss Ratings downgraded 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Morgan Stanley raised their price objective on 3M from $160.00 to $165.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on 3M from $131.00 to $136.00 and gave the company an “underperform” rating in a research report on Wednesday, January 21st. Finally, Mizuho set a $160.00 price target on 3M in a research note on Wednesday, January 21st.

Insiders Place Their Bets

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of 3M 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 transaction, the chief accounting officer owned 2,585 shares in the company, valued at $446,558.75. This trade represents a 66.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PFA Pension Forsikringsaktieselskab acquired a new position in shares of 3M in the 4th quarter valued at about $65,009,000. SG Americas Securities LLC boosted its position in 3M by 806.1% during the 4th 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. Handelsbanken Fonder AB boosted its position in shares of 3M by 1.5% in the fourth quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock worth $43,511,000 after buying an additional 4,101 shares during the period. Captrust Financial Advisors raised its holdings in shares of 3M by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock valued at $25,084,000 after buying an additional 4,372 shares during the period. Finally, Willis Investment Counsel lifted its position in 3M by 1.5% during the 4th quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate’s stock worth $21,796,000 after acquiring an additional 2,077 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M Stock Down 0.9%

MMM stock opened at $164.75 on Monday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.71 and a quick ratio of 1.33. The company’s 50 day simple moving average is $164.01 and its 200-day simple moving average is $161.85. 3M has a 12 month low of $121.98 and a 12 month high of $177.41. The firm has a market capitalization of $86.77 billion, a PE ratio of 27.46, a P/E/G ratio of 2.31 and a beta of 1.08.

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

3M Increases Dividend

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