3M Company (NYSE:MMM) Receives $177.21 Consensus PT from Brokerages

Shares of 3M Company (NYSE:MMM) have been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $177.2143.

Several equities research analysts have weighed in on MMM shares. Weiss Ratings upgraded 3M from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $192.00 target price on shares of 3M in a research note on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Citigroup lifted their price target on shares of 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Sanford C. Bernstein boosted their price objective on shares of 3M from $140.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday, July 22nd.

3M Price Performance

Shares of 3M stock opened at $178.93 on Monday. The firm has a market cap of $92.28 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.01. 3M has a 12-month low of $139.34 and a 12-month high of $184.90. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. The company’s fifty day simple moving average is $169.27 and its two-hundred day simple moving average is $158.93.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, beating the consensus estimate of $2.25 by $0.15. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.40 billion. 3M had a net margin of 11.90% and a return on equity of 115.87%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, equities analysts expect that 3M will post 8.96 EPS for the current year.

3M Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.7%. 3M’s payout ratio is presently 55.42%.

Insider Buying and Selling at 3M

In related news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total transaction of $663,423.85. Following the transaction, the insider owned 14,035 shares in the company, valued at $2,561,527.85. The trade was a 20.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Trading of 3M

Large investors have recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new position in shares of 3M in the 4th quarter worth approximately $28,000. Compass Financial Management LLC bought a new stake in shares of 3M during the second quarter valued at approximately $38,000. EQ Wealth Advisors LLC bought a new stake in shares of 3M during the fourth quarter valued at approximately $40,000. Sfam LLC purchased a new stake in 3M in the fourth quarter worth $45,000. Finally, Cornerstone Planning Group LLC grew its stake in 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 purchasing an additional 71 shares during the period. 65.25% of the stock is owned by institutional investors.

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).