Analysts Set 3M Company (NYSE:MMM) Price Target at $175.90

3M Company (NYSE:MMM) has received an average rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $175.90.

Several research analysts have commented on MMM shares. Wells Fargo & Company dropped their price objective on shares of 3M from $183.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their target price on 3M from $179.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $182.00 price target on shares of 3M in a research note on Friday, January 16th. Mizuho set a $160.00 price target on 3M in a report on Wednesday, January 21st. Finally, Weiss Ratings downgraded 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th.

Insider Activity

In other news, CAO Theresa E. Reinseth sold 5,145 shares of 3M stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total value of $888,798.75. Following the completion of the transaction, the chief accounting officer owned 2,585 shares in the company, valued at approximately $446,558.75. The trade was a 66.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is owned by insiders.

Institutional Trading of 3M

A number of institutional investors have recently bought and sold shares of MMM. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of 3M in the fourth quarter worth approximately $65,009,000. SG Americas Securities LLC boosted its holdings in 3M by 806.1% during the 4th quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock valued at $50,345,000 after acquiring an additional 279,757 shares during the period. Handelsbanken Fonder AB boosted its holdings in 3M by 1.5% during the 4th quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock valued at $43,511,000 after acquiring an additional 4,101 shares during the period. Captrust Financial Advisors grew its position in 3M by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock valued at $25,084,000 after acquiring an additional 4,372 shares during the last quarter. Finally, Willis Investment Counsel increased its stake in 3M by 1.5% in the fourth quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate’s stock worth $21,796,000 after purchasing an additional 2,077 shares during the period. 65.25% of the stock is currently owned by institutional investors.

3M Stock Performance

NYSE:MMM opened at $141.02 on Friday. The stock has a 50-day moving average price of $160.99 and a 200 day moving average price of $161.52. The stock has a market capitalization of $74.28 billion, a P/E ratio of 23.50, a P/E/G ratio of 2.05 and a beta of 1.08. 3M has a 12-month low of $121.98 and a 12-month high of $177.41. 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 (NYSE:MMM) last posted its quarterly 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. The company had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.03 billion. 3M had a return on equity of 95.36% and a net margin of 13.03%.The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Equities research analysts forecast that 3M will post 7.8 EPS for the current fiscal year.

3M Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 13th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.2%. This is a boost from 3M’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, February 13th. 3M’s dividend payout ratio (DPR) is currently 52.00%.

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).