3M (NYSE:MMM) Releases FY 2026 Earnings Guidance

3M (NYSE:MMM) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 8.50-8.700 for the period, compared to the consensus earnings per share estimate of 8.610. The company issued revenue guidance of $25.3 billion-$25.3 billion, compared to the consensus revenue estimate of $25.0 billion.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of 3M in a research note on Wednesday, October 8th. Barclays raised their target price on 3M from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Royal Bank Of Canada reiterated an “underperform” rating and set a $131.00 price target on shares of 3M in a report on Thursday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $182.00 price objective on shares of 3M in a research report on Friday. Finally, Wolfe Research decreased their target price on shares of 3M from $197.00 to $196.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $175.80.

3M Stock Down 7.6%

Shares of MMM stock traded down $12.83 during trading on Tuesday, reaching $154.98. The company’s stock had a trading volume of 4,608,678 shares, compared to its average volume of 3,219,429. 3M has a 1-year low of $121.98 and a 1-year high of $174.69. The stock’s 50-day moving average price is $166.12 and its 200 day moving average price is $159.62. The company has a market capitalization of $82.33 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 2.34 and a beta of 1.09. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.84 and a quick ratio of 1.40.

3M (NYSE:MMM) last issued its quarterly earnings results on Tuesday, January 20th. The conglomerate reported $1.83 EPS for the quarter, meeting the consensus estimate of $1.83. 3M had a net margin of 13.70% and a return on equity of 98.47%. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the company posted $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, research analysts anticipate that 3M will post 7.8 EPS for the current year.

3M Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 14th were issued a dividend of $0.73 per share. The ex-dividend date was Friday, November 14th. This represents a $2.92 annualized dividend and a yield of 1.9%. 3M’s dividend payout ratio is 46.65%.

Insider Transactions at 3M

In related news, EVP Zoe L. Dickson sold 13,826 shares of the firm’s stock in a transaction that occurred 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 $1,046,184.36. This trade represents a 69.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark W. Murphy sold 19,061 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $166.55, for a total transaction of $3,174,609.55. Following the transaction, the executive vice president owned 6,594 shares of the company’s stock, valued at $1,098,230.70. This trade represents a 74.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,516 shares of company stock worth $7,836,465 in the last ninety days. 0.48% of the stock is owned by corporate insiders.

3M News Roundup

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

• Positive Sentiment: Better-than-feet-forwards margins and cash flow — 3M posted adjusted operating-margin expansion, adjusted EPS growth, and roughly $1.3B of adjusted free cash flow in Q4, supporting its ability to sustain buybacks and dividend restoration. 3M Reports Fourth-Quarter and Full-Year 2025 Results; Initiates Full-Year 2026 Financial Guidance
• Positive Sentiment: Management sees faster revenue growth in 2026 and reiterated guidance for 2026 EPS (midpoint ~ $8.60), which underpins a constructive multi-year outlook for earnings and capital returns. This supports the bulls’ case that growth and buybacks/dividends can drive longer-term upside. 3M Sees Faster Revenue Growth in 2026 After Strong 4th-Quarter Sales
• Neutral Sentiment: Quarterly results were largely as-expected: adjusted EPS roughly met/beat consensus while reported revenue was marginally below some estimates; organically revenue showed low-single-digit growth. Investors are digesting the mixed read. Listen to Conference Call
• Neutral Sentiment: Macroeconomic/calendar noise (Davos/President Trump appearance, busy economic week) adds background volatility that can amplify reactions to corporate guidance but is not a company-specific driver. Q4 Earnings, Davos Tension Inform Late Start to Trading Week
• Negative Sentiment: Guidance/forecast disappointed some investors and analysts — commentary that the profit/revenue outlook was less aggressive than hoped prompted selling despite the solid quarter, which is the main reason the stock is lower today. 3M Stock Sinks as Profit Forecast Disappoints

Hedge Funds Weigh In On 3M

Several large investors have recently bought and sold shares of MMM. WFA of San Diego LLC acquired a new position in 3M in the second quarter valued at $61,000. Triumph Capital Management increased its position in 3M by 6.8% in the 3rd quarter. Triumph Capital Management now owns 1,565 shares of the conglomerate’s stock valued at $243,000 after acquiring an additional 100 shares during the period. American Trust raised its stake in 3M by 28.4% during the 3rd quarter. American Trust now owns 1,743 shares of the conglomerate’s stock valued at $270,000 after acquiring an additional 385 shares during the last quarter. FWL Investment Management LLC lifted its position in 3M by 1,705.0% during the 3rd quarter. FWL Investment Management LLC now owns 1,805 shares of the conglomerate’s stock worth $280,000 after acquiring an additional 1,705 shares during the period. Finally, Bison Wealth LLC grew its stake in shares of 3M by 10.2% in the 4th quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock valued at $355,000 after purchasing an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About 3M

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).