SG Americas Securities LLC Boosts Stock Holdings in 3M Company $MMM

SG Americas Securities LLC lifted its position in 3M Company (NYSE:MMM) by 806.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,460 shares of the conglomerate’s stock after purchasing an additional 279,757 shares during the period. SG Americas Securities LLC owned about 0.06% of 3M worth $50,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MMM. Walter & Keenan Wealth Management LLC IN ADV increased its holdings in 3M by 1.0% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,045 shares of the conglomerate’s stock valued at $938,000 after buying an additional 61 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of 3M by 0.8% during the 3rd quarter. Private Trust Co. NA now owns 9,205 shares of the conglomerate’s stock worth $1,428,000 after acquiring an additional 69 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. grew its position in shares of 3M by 6.0% during the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 1,255 shares of the conglomerate’s stock valued at $195,000 after acquiring an additional 71 shares during the period. Harbor Investment Advisory LLC grew its position in shares of 3M by 4.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,802 shares of the conglomerate’s stock valued at $288,000 after acquiring an additional 72 shares during the period. Finally, Quent Capital LLC increased its stake in shares of 3M by 2.6% in the 3rd quarter. Quent Capital LLC now owns 2,845 shares of the conglomerate’s stock valued at $441,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Insider Buying and Selling

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the stock in a transaction 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 directly owned 2,585 shares of the company’s stock, valued at approximately $446,558.75. This represents a 66.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MMM shares. Wolfe Research upped their price target on 3M from $196.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Weiss Ratings cut 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 4th. Barclays upped 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. Deutsche Bank Aktiengesellschaft increased their target price on 3M from $179.00 to $181.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Finally, Mizuho set a $160.00 price target on shares of 3M in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $175.90.

3M Trading Up 0.0%

Shares of 3M stock opened at $146.60 on Wednesday. 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 Company has a twelve month low of $121.98 and a twelve month high of $177.41. The firm has a market capitalization of $77.21 billion, a PE ratio of 24.43, a P/E/G ratio of 2.13 and a beta of 1.08. The firm’s 50-day moving average price is $160.11 and its 200 day moving average price is $161.39.

3M (NYSE:MMM) last posted its quarterly earnings data on Tuesday, January 20th. The conglomerate reported $1.83 EPS for the quarter, topping the consensus estimate of $1.80 by $0.03. 3M had a return on equity of 95.36% and a net margin of 13.03%.The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period in the previous year, the business earned $1.68 EPS. 3M’s quarterly revenue was up 1.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. On average, sell-side analysts predict that 3M Company will post 7.8 EPS for the current fiscal year.

3M Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 13th were given a dividend of $0.78 per share. The ex-dividend date was Friday, February 13th. This is a positive change from 3M’s previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a dividend yield of 2.1%. 3M’s dividend payout ratio (DPR) is presently 52.00%.

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).