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

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

A number of brokerages have issued reports on MMM. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $192.00 price target on shares of 3M in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of 3M from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Citigroup increased their target price on shares of 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein upped their price target on shares of 3M from $140.00 to $145.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 22nd. Finally, UBS Group increased their price objective on shares of 3M from $190.00 to $218.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd.

3M Stock Performance

MMM stock opened at $178.93 on Monday. 3M has a 1 year low of $139.34 and a 1 year high of $184.90. The stock has a market capitalization of $92.28 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.16 and a beta of 1.01. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24. The stock’s fifty day moving average is $169.27 and its two-hundred day moving average is $158.89.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, beating 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 firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period last year, the firm posted $2.16 EPS. 3M’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. On average, research analysts predict that 3M will post 8.95 EPS for the current year.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th. 3M’s dividend payout ratio (DPR) is presently 55.42%.

Insider Activity at 3M

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new stake in 3M in the 4th quarter valued at about $28,000. EQ Wealth Advisors LLC bought a new stake in shares of 3M in the 4th quarter worth approximately $40,000. Sfam LLC bought a new stake in shares of 3M in the 4th quarter worth approximately $45,000. Cornerstone Planning Group LLC lifted its stake in 3M by 32.1% during the first quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 71 shares during the last quarter. Finally, West Paces Advisors Inc. acquired a new stake in 3M during the second quarter valued at approximately $49,000. 65.25% of the stock is owned by institutional investors and hedge funds.

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).