Northwestern Mutual Wealth Management Co. Has $13.18 Million Stock Position in 3M Company $MMM

Northwestern Mutual Wealth Management Co. decreased its position in shares of 3M Company (NYSE:MMM) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,379 shares of the conglomerate’s stock after selling 3,013 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in 3M were worth $13,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new position in 3M in the 4th quarter valued at approximately $28,000. Sfam LLC bought a new position in shares of 3M in the 4th quarter worth about $45,000. Cornerstone Planning Group LLC increased its holdings in 3M by 32.1% in the first quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 71 shares in the last quarter. West Paces Advisors Inc. acquired a new position in shares of 3M during the 2nd quarter valued at $49,000. Finally, WFA of San Diego LLC bought a new stake in 3M in the second quarter valued at $61,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Insiders Place Their Bets

In other 3M news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total transaction of $663,423.85. Following the completion of the sale, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

3M Trading Down 0.9%

Shares of MMM opened at $168.66 on Thursday. The firm’s 50 day simple moving average is $171.48 and its 200 day simple moving average is $159.31. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91. The company has a market capitalization of $86.98 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.24 and a beta of 1.01. 3M Company has a 1-year low of $139.34 and a 1-year high of $184.90.

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

3M Announces Dividend

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%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MMM shares. Citigroup boosted their price objective on 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada increased their price objective on shares of 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a research note on Wednesday, July 22nd. Mizuho lifted their target price on 3M from $160.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. raised shares of 3M from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $178.00 to $180.00 in a report on Friday, July 17th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of 3M in a research note on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $177.21.

3M 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).