GTS Securities LLC Has $1.45 Million Holdings in 3M Company $MMM

GTS Securities LLC boosted its holdings in shares of 3M Company (NYSE:MMM) by 108.5% in the second quarter, HoldingsChannel reports. The firm owned 8,937 shares of the conglomerate’s stock after acquiring an additional 4,651 shares during the period. GTS Securities LLC’s holdings in 3M were worth $1,447,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 3M by 7.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,935,534 shares of the conglomerate’s stock worth $637,202,000 after purchasing an additional 270,458 shares during the last quarter. SG Americas Securities LLC raised its holdings 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 last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in 3M in the fourth quarter valued at approximately $65,009,000. Ascentis Wealth Management LLC lifted its stake in shares of 3M by 22,972.5% in the 2nd quarter. Ascentis Wealth Management LLC now owns 347,472 shares of the conglomerate’s stock valued at $56,259,000 after purchasing an additional 345,966 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in 3M by 1.5% during the fourth quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock worth $43,511,000 after buying an additional 4,101 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Insider Activity

In other news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the sale, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. The trade was a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup boosted their target price on 3M from $166.00 to $183.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $192.00 price objective on shares of 3M in a research note on Wednesday, July 22nd. Mizuho boosted their price objective on shares of 3M from $160.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Wolfe Research reiterated an “outperform” rating on shares of 3M in a report on Thursday, July 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, 3M currently has an average rating of “Hold” and an average price target of $177.21.

3M Price Performance

Shares of MMM opened at $174.14 on Friday. The stock has a 50 day simple moving average of $171.09 and a 200 day simple moving average of $159.46. 3M Company has a 52-week low of $139.34 and a 52-week 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. The firm has a market capitalization of $89.81 billion, a PE ratio of 30.93, a P/E/G ratio of 2.11 and a beta of 1.01.

3M (NYSE:MMM) last announced its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, topping the consensus estimate of $2.25 by $0.15. 3M had a net margin of 11.90% and a return on equity of 115.87%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period last year, the company posted $2.16 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. 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 fiscal year.

3M Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 24th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 24th. 3M’s dividend payout ratio (DPR) is presently 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).