Segall Bryant & Hamill LLC Lowers Stock Holdings in 3M Company $MMM

Segall Bryant & Hamill LLC lessened its holdings in shares of 3M Company (NYSE:MMM) by 40.0% during the first quarter, HoldingsChannel reports. The firm owned 25,031 shares of the conglomerate’s stock after selling 16,714 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in 3M were worth $3,635,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of 3M from $170.00 to $175.00 and gave the company a “hold” rating in a report on Monday, June 29th. Weiss Ratings raised 3M from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. upgraded 3M from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $178.00 to $180.00 in a report on Friday, July 17th. HSBC boosted their price target on 3M from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Sanford C. Bernstein upped their price target on 3M from $140.00 to $145.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, 3M has a consensus rating of “Hold” and an average target price of $177.21.

3M Stock Performance

Shares of MMM stock opened at $177.32 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63. The company has a market cap of $91.45 billion, a PE ratio of 31.50, a P/E/G ratio of 2.43 and a beta of 1.02. The company’s fifty day simple moving average is $161.69 and its 200-day simple moving average is $156.87. 3M Company has a 52 week low of $139.34 and a 52 week high of $184.90.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.15. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.16 EPS. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, equities research analysts anticipate that 3M Company will post 8.93 EPS for the current year.

3M Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, May 22nd. 3M’s dividend payout ratio (DPR) is presently 55.42%.

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).