3M (NYSE:MMM) Price Target Raised to $191.00

3M (NYSE:MMM) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $185.00 to $191.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the conglomerate’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 12.05% from the company’s current price.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group reissued a “hold” rating and issued a $186.00 price target on shares of 3M in a research report on Wednesday. Raymond James Financial reaffirmed a “market perform” rating on shares of 3M in a report on Wednesday. Royal Bank Of Canada lifted their price objective on 3M from $132.00 to $135.00 and gave the company an “underperform” rating in a report on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating on shares of 3M in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of 3M in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $183.14.

3M Price Performance

Shares of MMM stock traded down $0.92 during mid-day trading on Wednesday, reaching $170.45. The company’s stock had a trading volume of 915,799 shares, compared to its average volume of 3,673,284. The firm’s 50-day moving average is $169.35 and its two-hundred day moving average is $161.70. The company has a market cap of $87.91 billion, a P/E ratio of 30.27, a PEG ratio of 2.27 and a beta of 0.99. 3M has a 1-year low of $139.34 and a 1-year high of $184.90. 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 issued its earnings results on Tuesday, October 20th. The conglomerate reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.12. 3M had a net margin of 11.90% and a return on equity of 115.87%. The business had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the business earned $2.19 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. On average, research analysts predict that 3M will post 8.96 earnings per share for the current year.

Insider Buying and Selling

In other 3M news, insider 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 transaction of $663,423.85. Following the sale, the insider directly owned 14,035 shares of the company’s stock, valued at approximately $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of 3M

Several hedge funds have recently modified their holdings of the company. Engineers Gate Manager LP boosted its holdings in shares of 3M by 74.0% in the 2nd quarter. Engineers Gate Manager LP now owns 287,652 shares of the conglomerate’s stock worth $46,574,000 after acquiring an additional 122,368 shares in the last quarter. North Star Asset Management Inc. acquired a new stake in 3M during the 2nd quarter valued at $1,424,000. Moore Capital Management LP acquired a new stake in 3M during the 2nd quarter valued at $7,948,000. B.A. Schrock Wealth Management Inc. acquired a new stake in 3M during the 3rd quarter valued at $1,770,000. Finally, Amundi raised its position in 3M by 67.0% in the 2nd quarter. Amundi now owns 4,536,148 shares of the conglomerate’s stock valued at $734,448,000 after purchasing an additional 1,819,178 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Key 3M News

Here are the key news stories impacting 3M this week:

• Positive Sentiment: Quarterly earnings beat expectations. 3M reported adjusted EPS of $2.50, up 12% year over year and above the $2.38 consensus estimate. GAAP EPS was $2.63, while revenue reached approximately $6.6 billion. Adjusted operating margin expanded to 26.2%, supported by productivity improvements and industrial-market strength. 3M Reports Third-Quarter 2026 Results; Raises Full-Year EPS Guidance
• Positive Sentiment: Full-year outlook increased. Management raised its 2026 adjusted EPS forecast to $9.10-$9.15, marking the third consecutive quarterly guidance increase and reinforcing the turnaround narrative. 3M raises 2026 earnings guidance after quarterly profit growth
• Positive Sentiment: Amazon partnership strengthens data-center exposure. Amazon expanded its commercial relationship with 3M, including warrants potentially worth about $521 million tied largely to purchases of optical-connectivity and other data-center products. The agreement gives 3M greater exposure to artificial-intelligence infrastructure spending and is linked to as much as $6 billion in data-center sales. 3M expands Amazon data center partnership, shares gain
• Positive Sentiment: New-product momentum is another potential catalyst. Sales of new products reportedly rose 34% year to date to nearly $3 billion, while 3M also announced a collaboration with Taiwan-based Genius Electronic Optical Co. to advance optical manufacturing. 3M: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Unusually heavy options activity included 24,152 call contracts, about 159% above average, indicating increased speculative interest but not guaranteeing further gains.
• Negative Sentiment: Royal Bank of Canada raised its price target from $132 to $135 but maintained an Underperform rating. The revised target remains materially below MMM’s current trading level, signaling valuation concerns despite the improved outlook.

3M Company Profile

3M is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it developed from a mining venture into a global enterprise known for applying materials science and engineering to a broad range of industrial, commercial and consumer applications.

The company develops and manufactures products including adhesives, abrasives, filtration systems, personal protective equipment, medical and dental supplies, electrical and electronic materials, automotive components, reflective materials and workplace safety solutions.