Braun Stacey Associates Inc. Buys 4,895 Shares of 3M Company $MMM

Braun Stacey Associates Inc. lifted its position in 3M Company (NYSE:MMM) by 2.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 186,491 shares of the conglomerate’s stock after purchasing an additional 4,895 shares during the period. Braun Stacey Associates Inc.’s holdings in 3M were worth $30,195,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC raised its position in shares of 3M by 653.6% in the first quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after buying an additional 2,055,419 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in 3M during the fourth quarter worth about $65,009,000. Ascentis Wealth Management LLC increased its stake in 3M by 22,972.5% in the 2nd quarter. Ascentis Wealth Management LLC now owns 347,472 shares of the conglomerate’s stock worth $56,259,000 after acquiring an additional 345,966 shares during the last quarter. Handelsbanken Fonder AB increased its stake in 3M by 1.5% in the 4th quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock worth $43,511,000 after acquiring an additional 4,101 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of 3M by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock valued at $25,084,000 after acquiring an additional 4,372 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

3M Price Performance

Shares of 3M stock opened at $174.14 on Friday. The firm has a market capitalization of $89.81 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.17 and a beta of 1.01. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63. 3M Company has a 12 month low of $139.34 and a 12 month high of $184.90. The business’s 50-day moving average price is $171.09 and its 200-day moving average price is $159.46.

3M (NYSE:MMM) last released its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.3M’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 EPS. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Sell-side analysts forecast that 3M Company will post 8.96 EPS for the current fiscal year.

3M Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 24th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 24th. 3M’s payout ratio is presently 55.42%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein raised their target price on shares of 3M from $140.00 to $145.00 and gave the company an “underperform” rating in a research note on Wednesday, July 22nd. UBS Group lifted their target price on shares of 3M from $190.00 to $218.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group boosted 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. Finally, Citigroup increased their price target on shares of 3M from $166.00 to $183.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, 3M currently has a consensus rating of “Hold” and a consensus price target of $177.21.

Insider Buying and Selling at 3M

In other news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the sale, the insider owned 14,035 shares of the company’s stock, valued at approximately $2,561,527.85. This represents a 20.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.19% of the company’s stock.

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).