Deutsche Bank Aktiengesellschaft Issues Positive Forecast for 3M (NYSE:MMM) Stock Price

3M (NYSE:MMM) had its price objective raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $192.00 to $194.00 in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 15.12% from the stock’s previous close.

A number of other brokerages also recently commented on MMM. Jefferies Financial Group increased their price objective on shares of 3M from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Monday, June 29th. Citigroup lifted their price objective on shares of 3M from $166.00 to $183.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Mizuho boosted their target price 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. The Goldman Sachs Group restated a “buy” rating on shares of 3M in a research note on Wednesday, July 22nd. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of 3M in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $181.36.

3M Stock Down 0.6%

3M stock opened at $168.52 on Wednesday. The firm has a market capitalization of $86.91 billion, a P/E ratio of 29.93, a P/E/G ratio of 2.23 and a beta of 1.01. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63. 3M has a twelve month low of $139.34 and a twelve month high of $184.90. The stock’s fifty day simple moving average is $173.77 and its 200-day simple moving average is $159.85.

3M (NYSE:MMM) last released its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.15. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.3M’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, equities analysts expect that 3M will post 8.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 3M news, insider Karin Chavez sold 3,635 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the transaction, the insider owned 14,035 shares in the company, valued at $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of 3M by 0.4% during the second quarter. State Street Corp now owns 27,828,966 shares of the conglomerate’s stock worth $4,505,788,000 after acquiring an additional 105,222 shares during the last quarter. Amundi increased its holdings in shares of 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 acquiring an additional 1,819,178 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 3M by 7.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,935,534 shares of the conglomerate’s stock valued at $637,202,000 after purchasing an additional 270,458 shares during the last quarter. SG Americas Securities LLC boosted its stake in 3M by 653.6% during the 1st quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after purchasing an additional 2,055,419 shares during the period. Finally, National Pension Service boosted its stake in 3M by 3.6% during the 2nd quarter. National Pension Service now owns 1,401,543 shares of the conglomerate’s stock worth $226,924,000 after purchasing an additional 48,167 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

3M Company Profile

3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.

The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.