Rep. Julie Johnson Buys 3M (NYSE:MMM) Shares

Representative Julie Johnson (D-Texas) recently bought shares of 3M (NYSE:MMM). In a filing disclosed on May 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in 3M stock on April 11th. The trade occurred in the Representative’s “CHASE BROKERAGE ACCOUNT (3935)” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Blue Bird (NASDAQ:BLBD) on 4/7/2025.

3M Stock Up 2.9%

MMM stock opened at $153.11 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.41 and a debt-to-equity ratio of 2.86. The business has a 50 day moving average price of $141.60 and a two-hundred day moving average price of $139.32. The company has a market cap of $82.40 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 3.30 and a beta of 1.02. 3M has a twelve month low of $96.76 and a twelve month high of $156.35.

3M (NYSE:MMM) last posted its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.78 billion. 3M had a return on equity of 100.77% and a net margin of 15.71%. Analysts anticipate that 3M will post 7.8 EPS for the current fiscal year.

3M Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.91%. 3M’s dividend payout ratio is 36.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MMM shares. Citigroup decreased their target price on 3M from $152.00 to $142.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Bank of America boosted their target price on 3M from $175.00 to $179.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of 3M in a report on Saturday, May 10th. Barclays boosted their target price on 3M from $160.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their target price on 3M from $140.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, 3M presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.08.

Institutional Trading of 3M

Several institutional investors have recently added to or reduced their stakes in MMM. Caitong International Asset Management Co. Ltd acquired a new position in 3M in the 1st quarter valued at $28,000. WPG Advisers LLC acquired a new position in 3M in the 1st quarter valued at $28,000. Financial Life Planners acquired a new position in 3M in the 4th quarter valued at $25,000. REAP Financial Group LLC raised its holdings in 3M by 88.7% in the 4th quarter. REAP Financial Group LLC now owns 200 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. Finally, Curat Global LLC acquired a new position in 3M in the 1st quarter valued at $29,000. 65.25% of the stock is currently owned by institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

3M Company Profile

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.