3M Company $MMM Stock Position Lifted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of 3M Company (NYSE:MMM) by 1.2% in the 3rd quarter, Holdings Channel reports. The fund owned 376,784 shares of the conglomerate’s stock after buying an additional 4,628 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in 3M were worth $61,849,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. B.A. Schrock Wealth Management Inc. acquired a new position in 3M during the 3rd quarter worth approximately $1,770,000. Howard Financial Services LTD. boosted its position in 3M by 9.0% in the third quarter. Howard Financial Services LTD. now owns 1,483 shares of the conglomerate’s stock valued at $243,000 after buying an additional 122 shares in the last quarter. Ashurst Perkins Coie Trust Co boosted its position in 3M by 34.8% in the third quarter. Ashurst Perkins Coie Trust Co now owns 418 shares of the conglomerate’s stock valued at $69,000 after buying an additional 108 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its position in 3M by 9.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 11,086 shares of the conglomerate’s stock valued at $1,820,000 after buying an additional 995 shares in the last quarter. Finally, Columbus Macro LLC grew its stake in shares of 3M by 0.9% during the third quarter. Columbus Macro LLC now owns 16,931 shares of the conglomerate’s stock worth $2,779,000 after buying an additional 148 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MMM has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Wolfe Research reiterated an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. JPMorgan Chase & Co. cut their price objective on 3M from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Weiss Ratings lowered 3M from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Jefferies Financial Group boosted their price objective on 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Monday, June 29th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, 3M currently has a consensus rating of “Hold” and an average price target of $181.71.

3M Stock Performance

3M stock opened at $164.09 on Thursday. The business has a 50 day moving average of $170.66 and a 200-day moving average of $161.09. 3M Company has a 1 year low of $139.34 and a 1 year high of $184.90. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91. The company has a market capitalization of $84.63 billion, a P/E ratio of 29.15, a P/E/G ratio of 2.27 and a beta of 0.99.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.15. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a net margin of 11.90% and a return on equity of 115.87%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $2.16 EPS. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, equities research analysts predict that 3M Company will post 8.97 earnings per share for the current year.

3M Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, August 24th. 3M’s dividend payout ratio is presently 55.42%.

Insider Transactions at 3M

In related news, insider Karin Chavez sold 3,635 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total transaction of $663,423.85. Following the completion of the transaction, the insider directly owned 14,035 shares of the company’s stock, valued at $2,561,527.85. This trade represents a 20.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

3M Profile

3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.

The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.