Motley Fool Asset Management LLC Boosts Stock Holdings in 3M Company $MMM

Motley Fool Asset Management LLC raised its holdings in 3M Company (NYSE:MMM) by 34.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,472 shares of the conglomerate’s stock after purchasing an additional 12,697 shares during the period. Motley Fool Asset Management LLC’s holdings in 3M were worth $7,920,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MMM. Commonwealth Retirement Investments LLC purchased a new position in shares of 3M in the fourth quarter worth about $28,000. EQ Wealth Advisors LLC purchased a new position in shares of 3M in the fourth quarter worth about $40,000. WFA of San Diego LLC purchased a new position in shares of 3M in the second quarter worth about $61,000. Ameriflex Group Inc. increased its stake in shares of 3M by 245.0% in the third quarter. Ameriflex Group Inc. now owns 414 shares of the conglomerate’s stock worth $64,000 after purchasing an additional 294 shares in the last quarter. Finally, Dunhill Financial LLC increased its stake in shares of 3M by 33.6% in the third quarter. Dunhill Financial LLC now owns 461 shares of the conglomerate’s stock worth $72,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MMM has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Citigroup reduced their target price on shares of 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Wolfe Research reduced their target price on shares of 3M from $205.00 to $186.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Sanford C. Bernstein initiated coverage on shares of 3M in a research note on Tuesday. They issued an “underperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of 3M from $181.00 to $171.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $171.17.

3M Price Performance

MMM stock opened at $156.36 on Wednesday. The firm has a 50 day moving average of $148.78 and a 200-day moving average of $157.28. The company has a current ratio of 1.59, a quick ratio of 1.19 and a debt-to-equity ratio of 3.29. 3M Company has a 12 month low of $139.34 and a 12 month high of $177.41. The firm has a market capitalization of $81.55 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03.

3M (NYSE:MMM) last released its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.16. 3M had a net margin of 11.14% and a return on equity of 104.75%. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.04 billion. During the same period last year, the business earned $1.88 earnings per share. 3M’s revenue was up 1.3% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. As a group, sell-side analysts predict that 3M Company will post 8.7 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 22nd. 3M’s dividend payout ratio (DPR) is 60.12%.

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).