3M (NYSE:MMM) Insider Rodriguez Beatriz Karin Chavez Sells 3,635 Shares

3M Company (NYSE:MMM) insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

3M Trading Down 0.8%

Shares of MMM opened at $180.64 on Friday. 3M Company has a 12 month low of $139.34 and a 12 month high of $184.90. The stock’s 50-day moving average is $163.33 and its two-hundred day moving average is $157.12. 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 stock has a market cap of $93.16 billion, a PE ratio of 32.09, a P/E/G ratio of 2.21 and a beta of 1.01.

3M (NYSE:MMM) last posted 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 business 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Equities analysts forecast that 3M Company will post 8.95 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 22nd were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 1.7%. 3M’s dividend payout ratio (DPR) is 55.42%.

Hedge Funds Weigh In On 3M

Hedge funds have recently added to or reduced their stakes in the business. FSA Advisors Inc. acquired a new stake in shares of 3M in the 4th quarter worth about $1,625,000. PFA Pension Forsikringsaktieselskab acquired a new position in 3M during the 4th quarter valued at about $65,009,000. Catalyst Funds Management Pty Ltd grew its position in 3M by 260.4% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 17,300 shares of the conglomerate’s stock worth $2,770,000 after purchasing an additional 12,500 shares during the last quarter. Entropy Technologies LP bought a new position in 3M in the 1st quarter worth about $10,945,000. Finally, SG Americas Securities LLC increased its stake 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 valued at $344,178,000 after purchasing an additional 2,055,419 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MMM shares. HSBC boosted their target price on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Weiss Ratings raised shares of 3M from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Mizuho boosted their price objective on shares of 3M from $160.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Citigroup upped their price objective 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. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, 3M presently has a consensus rating of “Hold” and an average price target of $177.21.

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).