3M (NYSE:MMM) Issues Quarterly Earnings Results, Beats Expectations By $0.13 EPS

3M (NYSE:MMM) announced its earnings results on Tuesday. The conglomerate reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.13, Briefing.com reports. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.16 EPS. 3M updated its FY 2026 guidance to 8.800-8.950 EPS.

3M Trading Down 0.2%

NYSE MMM opened at $159.60 on Tuesday. 3M has a 12 month low of $139.34 and a 12 month high of $177.41. The company has a current ratio of 1.59, a quick ratio of 1.19 and a debt-to-equity ratio of 3.29. The stock has a 50 day moving average of $156.43 and a 200-day moving average of $156.09. The company has a market cap of $83.24 billion, a PE ratio of 30.75, a PEG ratio of 2.25 and a beta of 1.02.

3M Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, May 22nd. 3M’s dividend payout ratio is presently 60.12%.

Institutional Investors Weigh In On 3M

Several hedge funds have recently bought and sold shares of MMM. Align Financial LLC acquired a new position in shares of 3M in the fourth quarter valued at $4,101,000. American Trust raised its holdings in 3M by 3.4% in the 4th quarter. American Trust now owns 1,803 shares of the conglomerate’s stock valued at $289,000 after acquiring an additional 60 shares during the period. DF Dent & Co. Inc. lifted its position in 3M by 106.7% during the fourth quarter. DF Dent & Co. Inc. now owns 4,971 shares of the conglomerate’s stock worth $796,000 after acquiring an additional 2,566 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of 3M by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock worth $25,084,000 after purchasing an additional 4,372 shares during the period. Finally, Williams Jones Wealth Management LLC. lifted its holdings in 3M by 2.4% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 3,250 shares of the conglomerate’s stock worth $520,000 after purchasing an additional 75 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Key 3M News

Here are the key news stories impacting 3M this week:

• Positive Sentiment: 3M beat Q2 expectations, posting adjusted EPS of $2.40 versus $2.27 expected and revenue of $6.5 billion versus $6.4 billion expected, which suggests stronger-than-expected demand and execution. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance
• Positive Sentiment: The company increased FY 2026 adjusted EPS guidance to $8.80 to $8.95 from $8.50 to $8.70, signaling management confidence in continued earnings growth. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance
• Positive Sentiment: Revenue grew 2.5% year over year, while adjusted sales were up 5.4% organically, indicating improving underlying business trends. 3M Press Release
• Neutral Sentiment: 3M also guided FY 2026 revenue to $23.2 billion-$25.4 billion, which brackets the Street estimate and points to a broadly in-line top-line outlook. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance
• Neutral Sentiment: Broader market futures were also firmer this morning, helping support sentiment for cyclical and industrial names like 3M. 5 Things to Know Before the Stock Market Opens on Tuesday
• Negative Sentiment: Operating margin in the quarter declined year over year on a GAAP basis, which could temper enthusiasm if investors focus on profitability quality rather than adjusted results. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. The Goldman Sachs Group raised 3M to a “buy” rating and set a $190.00 price objective for the company in a research report on Monday, June 15th. Sanford C. Bernstein initiated coverage on 3M in a research note on Tuesday, June 9th. They issued an “underperform” rating and a $131.00 target price on the stock. Jefferies Financial Group raised their price target on shares of 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. Wolfe Research reiterated an “outperform” rating on shares of 3M in a report on Thursday, July 9th. Finally, Royal Bank Of Canada reduced their target price on shares of 3M from $133.00 to $123.00 and set an “underperform” rating for the company in a report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, 3M presently has a consensus rating of “Hold” and a consensus price target of $169.43.

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).