Foster & Motley Inc. Acquires Shares of 3,854 3M Company $MMM

Foster & Motley Inc. acquired a new position in shares of 3M Company (NYSE:MMM) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 3,854 shares of the conglomerate’s stock, valued at approximately $624,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MMM. Commonwealth Retirement Investments LLC purchased a new position in 3M in the 4th quarter valued at $28,000. EQ Wealth Advisors LLC purchased a new position in 3M during the 4th quarter worth $40,000. Cornerstone Planning Group LLC raised its position in 3M by 32.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock worth $42,000 after buying an additional 71 shares during the last quarter. Sfam LLC acquired a new stake in shares of 3M in the 4th quarter worth $45,000. Finally, West Paces Advisors Inc. acquired a new stake in shares of 3M in the 2nd quarter worth $49,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MMM has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of 3M from $160.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. raised 3M from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $178.00 to $180.00 in a report on Friday, July 17th. Royal Bank Of Canada boosted their target price on 3M from $123.00 to $132.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised 3M from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price target on 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $177.21.

3M Stock Performance

NYSE MMM opened at $180.81 on Thursday. 3M Company has a 1-year low of $139.34 and a 1-year high of $184.90. The company has a market capitalization of $93.25 billion, a P/E ratio of 32.12, a PEG ratio of 2.19 and a beta of 1.01. The business has a 50 day moving average price of $168.45 and a 200 day moving average price of $158.57. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91.

3M (NYSE:MMM) last posted its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the business earned $2.16 earnings per share. 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. Sell-side analysts expect that 3M Company will post 8.96 EPS for the current fiscal year.

3M Dividend Announcement

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

Insider Activity

In other 3M news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the company’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 sale, the insider owned 14,035 shares of the company’s stock, valued at $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by company insiders.

3M 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).