denkapparat Operations GmbH Invests $614,000 in 3M Company $MMM

denkapparat Operations GmbH bought a new stake in shares of 3M Company (NYSE:MMM) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,790 shares of the conglomerate’s stock, valued at approximately $614,000.

Other large investors have also recently bought and sold shares of the company. Premier Path Wealth Partners LLC increased its position in shares of 3M by 5.6% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,852 shares of the conglomerate’s stock valued at $1,109,000 after buying an additional 365 shares in the last quarter. NEOS Investment Management LLC raised its holdings in 3M by 13.1% during the second quarter. NEOS Investment Management LLC now owns 85,967 shares of the conglomerate’s stock worth $13,919,000 after acquiring an additional 9,965 shares in the last quarter. High Net Worth Advisory Group LLC bought a new position in shares of 3M in the 2nd quarter valued at about $215,000. Strengthening Families & Communities LLC raised its stake in 3M by 4.0% in the 2nd quarter. Strengthening Families & Communities LLC now owns 23,570 shares of the conglomerate’s stock valued at $3,816,000 after acquiring an additional 907 shares during the period. Finally, Nykredit A S acquired a new stake in 3M during the 2nd quarter worth approximately $21,453,000. Institutional investors own 65.25% of the company’s stock.

Analyst Ratings Changes

MMM has been the topic of a number of analyst reports. Wolfe Research restated an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Jefferies Financial Group boosted their price target on 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Monday, June 29th. Sanford C. Bernstein upped their price objective on 3M from $140.00 to $145.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada boosted their target price on 3M from $123.00 to $132.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $177.21.

3M Trading Up 0.1%

Shares of MMM stock opened at $168.44 on Friday. The stock has a market cap of $86.87 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 2.22 and a beta of 1.01. The stock has a 50-day moving average of $171.58 and a 200-day moving average of $159.35. 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 1-year low of $139.34 and a 1-year high of $184.90.

3M (NYSE:MMM) last posted its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. The company had revenue of $6.50 billion for 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 firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, equities research analysts forecast that 3M Company will post 8.96 earnings per share for the current year.

3M Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 24th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, August 24th. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. 3M’s dividend payout ratio is 55.42%.

Insider Buying and Selling at 3M

In related news, insider Karin Chavez sold 3,635 shares of 3M stock in a transaction on 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 transaction, the insider owned 14,035 shares of the company’s stock, valued at $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

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).