3M Company $MMM Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its position in shares of 3M Company (NYSE:MMM) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,637 shares of the conglomerate’s stock after buying an additional 6,187 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in 3M were worth $9,720,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MMM. Brighton Jones LLC lifted its position in 3M by 26.6% in the fourth quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate’s stock valued at $1,149,000 after purchasing an additional 1,872 shares during the period. Bison Wealth LLC raised its stake in shares of 3M by 10.2% during the 4th quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock worth $355,000 after buying an additional 255 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of 3M by 83.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 1,142 shares of the conglomerate’s stock valued at $174,000 after buying an additional 519 shares during the period. Everett Harris & Co. CA lifted its holdings in shares of 3M by 10.6% in the 2nd quarter. Everett Harris & Co. CA now owns 6,971 shares of the conglomerate’s stock valued at $1,061,000 after buying an additional 666 shares during the period. Finally, L & S Advisors Inc boosted its stake in shares of 3M by 52.5% in the second quarter. L & S Advisors Inc now owns 44,112 shares of the conglomerate’s stock valued at $6,716,000 after buying an additional 15,180 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer owned 2,585 shares of the company’s stock, valued at approximately $446,558.75. The trade was a 66.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MMM shares. Mizuho set a $160.00 target price on 3M in a report on Wednesday, January 21st. Barclays increased their price target on shares of 3M from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Royal Bank Of Canada boosted their price objective on shares of 3M from $131.00 to $136.00 and gave the stock an “underperform” rating in a report on Wednesday, January 21st. Wolfe Research upped their target price on shares of 3M from $196.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $182.00 target price on shares of 3M in a report on Friday, January 16th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.18.

3M Trading Up 1.4%

Shares of 3M stock opened at $160.73 on Thursday. 3M Company has a 1 year low of $121.98 and a 1 year high of $177.41. 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 business has a 50 day moving average price of $164.02 and a 200 day moving average price of $161.92. The company has a market capitalization of $84.66 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.21 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. The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.03 billion. 3M had a return on equity of 95.36% and a net margin of 13.03%.3M’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Sell-side analysts anticipate that 3M Company will post 7.8 EPS for the current fiscal year.

3M Increases Dividend

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

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).