Nykredit A S Takes Position in 3M Company $MMM

Nykredit A S acquired a new position in 3M Company (NYSE:MMM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 132,498 shares of the conglomerate’s stock, valued at approximately $21,453,000.

Other large investors have also added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC bought a new position in 3M in the fourth quarter valued at $28,000. Cornerstone Planning Group LLC boosted its stake in shares of 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 position in shares of 3M during the 4th quarter worth about $45,000. West Paces Advisors Inc. bought a new position in shares of 3M in the 2nd quarter valued at about $49,000. Finally, WFA of San Diego LLC bought a new position in shares of 3M in the 2nd quarter valued at about $61,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Insider Activity at 3M

In related news, insider Karin Chavez sold 3,635 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total transaction of $663,423.85. Following the transaction, the insider directly owned 14,035 shares of the company’s stock, valued at approximately $2,561,527.85. The trade was a 20.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MMM shares. Citigroup upped their target price on 3M from $166.00 to $183.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Jefferies Financial Group raised their price target on 3M from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Monday, June 29th. UBS Group boosted their price target on 3M from $190.00 to $218.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Mizuho upped their price objective on 3M from $160.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised 3M from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $177.21.

3M Stock Down 0.4%

Shares of MMM stock opened at $168.13 on Friday. 3M Company has a 52-week low of $139.34 and a 52-week high of $184.90. The stock has a market cap of $86.71 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 2.22 and a beta of 1.01. The firm’s 50-day moving average is $171.49 and its 200-day moving average is $159.29. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24.

3M (NYSE:MMM) last posted its quarterly 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. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.3M’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Sell-side analysts predict that 3M Company will post 8.96 EPS for the current year.

3M Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, August 24th. 3M’s payout ratio is currently 55.42%.

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).