3M Company (NYSE:MMM) Receives $175.36 Average Price Target from Analysts

Shares of 3M Company (NYSE:MMM) have earned an average rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $175.3636.

Several brokerages have commented on MMM. JPMorgan Chase & Co. reissued a “neutral” rating and set a $182.00 price target on shares of 3M in a research report on Friday, January 16th. UBS Group lifted their target price on 3M from $184.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price target on 3M from $179.00 to $181.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Citigroup lowered their price target on 3M from $181.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada upped their price objective on 3M from $131.00 to $136.00 and gave the stock an “underperform” rating in a research note on Wednesday, January 21st.

Insider Activity at 3M

In other news, EVP Zoe L. Dickson sold 13,826 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $169.78, for a total transaction of $2,347,378.28. Following the transaction, the executive vice president directly owned 6,162 shares in the company, valued at $1,046,184.36. The trade was a 69.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On 3M

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in 3M by 806.1% in the fourth quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock valued at $50,345,000 after buying an additional 279,757 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of 3M by 0.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 267,676 shares of the conglomerate’s stock worth $41,538,000 after acquiring an additional 2,316 shares during the last quarter. Adams Diversified Equity Fund Inc. acquired a new position in shares of 3M during the 2nd quarter worth approximately $21,009,000. Willis Investment Counsel raised its stake in 3M by 1.5% in the 4th quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate’s stock valued at $21,796,000 after acquiring an additional 2,077 shares during the period. Finally, McGowan Group Asset Management Inc. lifted its holdings in 3M by 1.1% during the 2nd quarter. McGowan Group Asset Management Inc. now owns 128,659 shares of the conglomerate’s stock valued at $19,587,000 after purchasing an additional 1,416 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

3M Trading Down 2.0%

NYSE MMM opened at $153.25 on Thursday. 3M has a 52 week low of $121.98 and a 52 week high of $174.69. 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 stock’s 50 day moving average price is $164.33 and its two-hundred day moving average price is $159.74. The stock has a market capitalization of $81.41 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.19 and a beta of 1.09.

3M (NYSE:MMM) last posted its quarterly earnings data on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. The company had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.03 billion. 3M had a net margin of 13.03% and a return on equity of 95.36%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. As a group, analysts anticipate that 3M will post 7.8 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 14th were paid a $0.73 dividend. The ex-dividend date was Friday, November 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.9%. 3M’s dividend payout ratio (DPR) is currently 48.67%.

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).