Brokerages Set 3M Company (NYSE:MMM) PT at $171.17

3M Company (NYSE:MMM) has received a consensus recommendation of “Hold” from the twelve analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $171.1667.

Several equities analysts have recently issued reports on MMM shares. Citigroup decreased their price target on shares of 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Royal Bank Of Canada decreased their target price on 3M from $134.00 to $133.00 and set an “underperform” rating for the company in a research note on Wednesday, April 22nd. Mizuho set a $160.00 price target on 3M in a report on Wednesday, January 21st. Barclays dropped their price target on 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, Wells Fargo & Company lifted their price objective on 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd.

3M Stock Performance

Shares of NYSE:MMM opened at $146.90 on Friday. The firm’s 50 day simple moving average is $147.95 and its 200 day simple moving average is $159.19. 3M has a fifty-two week low of $139.34 and a fifty-two week high of $177.41. The company has a market capitalization of $76.62 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.07 and a beta of 1.03. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.19.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.16. The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.04 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.88 earnings per share. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. As a group, sell-side analysts forecast that 3M will post 8.7 earnings per share for the current year.

3M Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 2.1%. 3M’s payout ratio is presently 60.12%.

Institutional Investors Weigh In On 3M

Several large investors have recently made changes to their positions in MMM. SG Americas Securities LLC boosted its stake in 3M by 653.6% in the 1st quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after purchasing an additional 2,055,419 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of 3M in the 4th quarter valued at about $65,009,000. Handelsbanken Fonder AB lifted its holdings in shares of 3M by 1.5% in the fourth quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock valued at $43,511,000 after purchasing an additional 4,101 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of 3M by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock worth $25,084,000 after buying an additional 4,372 shares during the period. Finally, Willis Investment Counsel grew its holdings in shares of 3M by 1.5% during the fourth quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate’s stock worth $21,796,000 after buying an additional 2,077 shares in the last quarter. Institutional investors own 65.25% 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).