3M Company (NYSE:MMM) Receives $175.79 Average PT from Analysts

Shares of 3M Company (NYSE:MMM) have received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $177.2143.

MMM has been the topic of several recent research reports. Mizuho raised their price objective on shares of 3M from $160.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays dropped their price target on shares of 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company raised their price target on shares of 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Citigroup lifted their price objective on shares of 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, HSBC upped their price objective on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd.

3M Price Performance

MMM stock opened at $172.44 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 3.63. 3M has a one year low of $139.34 and a one year high of $177.41. The firm has a market capitalization of $88.93 billion, a PE ratio of 30.63, a P/E/G ratio of 2.38 and a beta of 1.02. The firm has a 50-day moving average of $158.49 and a two-hundred day moving average of $156.42.

3M (NYSE:MMM) last released its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.15. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, analysts forecast that 3M will post 8.91 earnings per share for the current year.

3M Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, May 22nd. 3M’s dividend payout ratio is currently 55.42%.

Institutional Trading of 3M

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MMM. Brighton Jones LLC grew its position in 3M by 26.6% during the fourth quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate’s stock worth $1,149,000 after buying an additional 1,872 shares in the last quarter. Bison Wealth LLC raised its holdings in 3M by 10.2% in the 4th quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock valued at $355,000 after acquiring an additional 255 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in 3M by 11.4% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate’s stock valued at $3,289,000 after acquiring an additional 2,203 shares in the last quarter. WFA of San Diego LLC bought a new stake in shares of 3M in the 2nd quarter worth approximately $61,000. Finally, Morse Asset Management Inc lifted its position in shares of 3M by 1.8% in the 2nd quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate’s stock worth $1,568,000 after acquiring an additional 185 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

About 3M

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).