Handelsbanken Fonder AB Has $43.51 Million Holdings in 3M Company $MMM

Handelsbanken Fonder AB grew its position in shares of 3M Company (NYSE:MMM) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 271,777 shares of the conglomerate’s stock after buying an additional 4,101 shares during the period. Handelsbanken Fonder AB’s holdings in 3M were worth $43,511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. PFA Pension Forsikringsaktieselskab bought a new stake in shares of 3M during the fourth quarter valued at approximately $65,009,000. SG Americas Securities LLC increased its holdings in shares of 3M by 806.1% during the fourth quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock valued at $50,345,000 after acquiring an additional 279,757 shares in the last quarter. Willis Investment Counsel increased 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 valued at $21,796,000 after acquiring an additional 2,077 shares in the last quarter. Allied Investment Advisors LLC increased its holdings in shares of 3M by 3.3% during the third quarter. Allied Investment Advisors LLC now owns 83,269 shares of the conglomerate’s stock valued at $12,922,000 after acquiring an additional 2,637 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in shares of 3M by 11.0% during the third quarter. Segall Bryant & Hamill LLC now owns 62,637 shares of the conglomerate’s stock valued at $9,720,000 after acquiring an additional 6,187 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

3M Trading Down 2.2%

Shares of 3M stock opened at $149.16 on Wednesday. The stock has a fifty day simple moving average of $147.24 and a 200 day simple moving average of $158.66. 3M Company has a 12-month low of $139.34 and a 12-month high of $177.41. The company has a market capitalization of $77.80 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.19 and a debt-to-equity ratio of 3.29.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.16. 3M had a return on equity of 104.75% and a net margin of 11.14%.The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.04 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. 3M’s revenue was up 1.3% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. On average, sell-side analysts anticipate that 3M Company will post 8.7 earnings per share for the current fiscal year.

3M Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on MMM. Wolfe Research decreased their price objective on 3M from $205.00 to $186.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Citigroup decreased their price objective on 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Jefferies Financial Group boosted their price objective on 3M from $160.00 to $170.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Company boosted 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on 3M from $181.00 to $171.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, 3M currently has a consensus rating of “Hold” and an average price target of $171.17.

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).