Analysts Set 3M Company (NYSE:MMM) PT at $175.36

3M Company (NYSE:MMM) has been assigned an average recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $175.3636.

MMM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of 3M from $179.00 to $181.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada boosted their price objective on 3M from $131.00 to $136.00 and gave the company an “underperform” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a $182.00 target price on shares of 3M in a research note on Friday, January 16th. Wells Fargo & Company dropped their price target on shares of 3M from $183.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. Finally, Mizuho set a $160.00 target price on 3M in a research note on Wednesday, January 21st.

Insiders Place Their Bets

In other news, EVP Zoe L. Dickson sold 13,826 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $169.78, for a total value of $2,347,378.28. Following the sale, the executive vice president owned 6,162 shares of the company’s stock, valued at approximately $1,046,184.36. This represents a 69.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On 3M

Several large investors have recently added to or reduced their stakes in the stock. Walter & Keenan Wealth Management LLC IN ADV raised its stake in shares of 3M by 1.0% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,045 shares of the conglomerate’s stock valued at $938,000 after acquiring an additional 61 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of 3M by 0.8% in the 3rd quarter. Private Trust Co. NA now owns 9,205 shares of the conglomerate’s stock worth $1,428,000 after buying an additional 69 shares during the period. MJT & Associates Financial Advisory Group Inc. increased its stake in shares of 3M by 6.0% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 1,255 shares of the conglomerate’s stock valued at $195,000 after buying an additional 71 shares during the period. Harbor Investment Advisory LLC raised its holdings in shares of 3M by 4.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,802 shares of the conglomerate’s stock valued at $288,000 after acquiring an additional 72 shares in the last quarter. Finally, Quent Capital LLC lifted its stake in 3M by 2.6% in the third quarter. Quent Capital LLC now owns 2,845 shares of the conglomerate’s stock worth $441,000 after acquiring an additional 73 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

3M Price Performance

Shares of MMM traded down $0.79 during midday trading on Thursday, reaching $163.01. The stock had a trading volume of 317,479 shares, compared to its average volume of 4,269,450. The company has a market capitalization of $86.59 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09. The company’s 50-day moving average is $163.55 and its 200 day moving average is $159.76. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 2.30. 3M has a 12-month low of $121.98 and a 12-month high of $174.69.

3M (NYSE:MMM) last issued its earnings results on Tuesday, January 20th. The conglomerate reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.03. 3M had a net margin of 13.03% and a return on equity of 95.36%. The company had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the company earned $1.68 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. On average, equities analysts predict that 3M will post 7.8 EPS for the current fiscal year.

3M Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 13th will be given a $0.78 dividend. This is an increase from 3M’s previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, February 13th. 3M’s dividend payout ratio (DPR) is 48.67%.

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).