Winning Points Advisors LLC Acquires Shares of 3,232 3M Company $MMM

Winning Points Advisors LLC acquired a new stake in 3M Company (NYSE:MMM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,232 shares of the conglomerate’s stock, valued at approximately $517,000. 3M comprises about 0.5% of Winning Points Advisors LLC’s portfolio, making the stock its 28th largest position.

Other hedge funds also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new stake in 3M in the 4th quarter valued at about $28,000. EQ Wealth Advisors LLC acquired a new stake in shares of 3M during the 4th quarter worth approximately $40,000. WFA of San Diego LLC acquired a new stake in shares of 3M during the 2nd quarter worth approximately $61,000. Ameriflex Group Inc. increased its holdings in shares of 3M by 245.0% during the 3rd quarter. Ameriflex Group Inc. now owns 414 shares of the conglomerate’s stock worth $64,000 after buying an additional 294 shares during the last quarter. Finally, Dunhill Financial LLC increased its holdings in shares of 3M by 33.6% during the 3rd quarter. Dunhill Financial LLC now owns 461 shares of the conglomerate’s stock worth $72,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M Stock Performance

NYSE:MMM opened at $157.99 on Friday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.19 and a current ratio of 1.59. The stock has a market capitalization of $82.40 billion, a P/E ratio of 30.44, a PEG ratio of 2.27 and a beta of 1.03. The company has a 50 day moving average price of $149.33 and a 200 day moving average price of $157.16. 3M Company has a fifty-two week low of $139.34 and a fifty-two week high of $177.41.

3M (NYSE:MMM) last posted its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.16. The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.04 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $1.88 EPS. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Equities research analysts forecast that 3M Company will post 8.7 EPS for the current year.

3M Announces Dividend

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

Analyst Ratings Changes

MMM has been the subject of a number of recent analyst reports. Wolfe Research cut their price target on shares of 3M from $205.00 to $186.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Sanford C. Bernstein initiated coverage on shares of 3M in a report on Tuesday. They set an “underperform” rating and a $131.00 price target for the company. Jefferies Financial Group raised their price target on shares of 3M from $160.00 to $170.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of 3M from $181.00 to $171.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, 3M currently has a consensus rating of “Hold” and a consensus target price of $168.08.

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).