3M Company (NYSE:MMM) Receives Average Rating of “Hold” from Brokerages

Shares of 3M Company (NYSE:MMM) have been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $175.90.

A number of research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on 3M from $131.00 to $136.00 and gave the company an “underperform” rating in a research report on Wednesday, January 21st. Mizuho set a $160.00 target price on 3M in a research report on Wednesday, January 21st. Weiss Ratings cut 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Wolfe Research boosted their price target on shares of 3M from $196.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Citigroup lowered their price target on shares of 3M from $181.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st.

Insider Activity at 3M

In other news, CAO Theresa E. Reinseth sold 5,145 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total transaction of $888,798.75. Following the completion of the transaction, the chief accounting officer directly owned 2,585 shares in the company, valued at approximately $446,558.75. The trade was a 66.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

Institutional Trading of 3M

Several hedge funds have recently added to or reduced their stakes in MMM. Commonwealth Retirement Investments LLC acquired a new position in shares of 3M during the fourth quarter valued at $28,000. J.Safra Asset Management Corp acquired a new stake in 3M in the third quarter worth about $34,000. Westside Investment Management Inc. lifted its holdings in 3M by 77.4% in the third quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 106 shares during the period. EQ Wealth Advisors LLC bought a new position in 3M in the 4th quarter valued at about $40,000. Finally, Sfam LLC bought a new position in 3M in the 4th quarter valued at about $45,000. Institutional investors own 65.25% of the company’s stock.

3M Price Performance

MMM opened at $146.60 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.71 and a debt-to-equity ratio of 2.30. The company’s 50-day moving average price is $160.11 and its 200 day moving average price is $161.39. 3M has a fifty-two week low of $121.98 and a fifty-two week high of $177.41. The firm has a market cap of $77.21 billion, a price-to-earnings ratio of 24.43, 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 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.03 billion. 3M had a return on equity of 95.36% and a net margin of 13.03%.3M’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. As a group, sell-side analysts expect that 3M will post 7.8 earnings per share for the current year.

3M Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 13th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from 3M’s previous quarterly dividend of $0.73. 3M’s dividend payout ratio (DPR) is presently 52.00%.

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).