Whittier Trust Co. of Nevada Inc. Sells 2,852 Shares of 3M Company $MMM

Whittier Trust Co. of Nevada Inc. trimmed its stake in shares of 3M Company (NYSE:MMM) by 9.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,164 shares of the conglomerate’s stock after selling 2,852 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in 3M were worth $4,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new stake in 3M in the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC bought a new position in shares of 3M in the fourth quarter worth approximately $40,000. Sfam LLC bought a new position in shares of 3M in the fourth quarter worth approximately $45,000. Cornerstone Planning Group LLC increased its stake in shares of 3M by 32.1% in the first quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock worth $42,000 after buying an additional 71 shares during the period. Finally, West Paces Advisors Inc. purchased a new position in shares of 3M in the second quarter worth $49,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 3M news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the transaction, the insider directly owned 14,035 shares in the company, valued at approximately $2,561,527.85. This represents a 20.57% 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. Company insiders own 0.19% of the company’s stock.

3M Price Performance

MMM opened at $182.66 on Friday. 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 stock has a market capitalization of $94.20 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01. The stock’s 50 day moving average price is $166.38 and its 200-day moving average price is $157.90. 3M Company has a 52-week low of $139.34 and a 52-week high of $184.90.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, equities research analysts predict that 3M Company will post 8.96 EPS for the current year.

Wall Street Analysts Forecast Growth

MMM has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. raised shares of 3M from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $178.00 to $180.00 in a report on Friday, July 17th. HSBC boosted their price objective on shares of 3M from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Finally, Wolfe Research reissued an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, 3M has an average rating of “Hold” and an average target price of $177.21.

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).