Rep. Julia Letlow Sells 3M Company (NYSE:MMM) Stock

Representative Julia Letlow (Republican-Louisiana) recently sold shares of 3M Company (NYSE:MMM). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in 3M stock on February 4th. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Travelers Companies (NYSE:TRV) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of BXP (NYSE:BXP) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of HF Sinclair (NYSE:DINO) on 2/20/2026.
• Purchased $1,001 – $15,000 in shares of Vistra (NYSE:VST) on 2/17/2026.
• Sold $1,001 – $15,000 in shares of Public Service Enterprise Group (NYSE:PEG) on 2/17/2026.
• Sold $1,001 – $15,000 in shares of Expand Energy (NASDAQ:EXE) on 2/17/2026.
• Sold $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/12/2026.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 2/12/2026.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 2/12/2026.
• Purchased $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 2/12/2026.

3M Stock Performance

MMM traded up $1.29 during trading on Wednesday, reaching $147.96. The company’s stock had a trading volume of 2,238,165 shares, compared to its average volume of 4,573,822. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.33 and a current ratio of 1.71. The company’s fifty day moving average price is $159.68 and its 200-day moving average price is $161.30. 3M Company has a 52-week low of $121.98 and a 52-week high of $177.41. The company has a market capitalization of $77.93 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.

3M (NYSE:MMM) last issued its earnings results 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. 3M had a return on equity of 95.36% and a net margin of 13.03%.The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the business posted $1.68 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. On average, equities analysts forecast that 3M Company will post 7.8 earnings per share for the current fiscal year.

3M Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 13th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $3.12 dividend on an annualized basis and a yield of 2.1%. This is a boost from 3M’s previous quarterly dividend of $0.73. 3M’s dividend payout ratio is presently 52.00%.

Insider Activity

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of the company’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 sale, the chief accounting officer owned 2,585 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by company insiders.

Institutional Trading of 3M

Institutional investors have recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new position in shares of 3M during the 4th quarter worth $28,000. J.Safra Asset Management Corp acquired a new stake in 3M in the 3rd quarter valued at about $34,000. Westside Investment Management Inc. grew its stake in 3M by 77.4% in the 3rd quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 106 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in 3M during the 4th quarter valued at about $40,000. Finally, Sfam LLC acquired a new position in 3M during the fourth quarter worth about $45,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MMM. Royal Bank Of Canada raised their target price on 3M from $131.00 to $136.00 and gave the company an “underperform” rating in a report on Wednesday, January 21st. Morgan Stanley upped their price target on shares of 3M from $160.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of 3M in a report on Friday, March 13th. Weiss Ratings downgraded shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Finally, Citigroup lowered their target price on shares of 3M from $181.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, 3M currently has a consensus rating of “Hold” and a consensus price target of $175.90.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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).