National Pension Service Increases Holdings in 3M Company $MMM

National Pension Service boosted its position in 3M Company (NYSE:MMM) by 3.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,401,543 shares of the conglomerate’s stock after purchasing an additional 48,167 shares during the period. National Pension Service’s holdings in 3M were worth $226,924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. California State Teachers Retirement System boosted its stake in shares of 3M by 16,438.5% in the 2nd quarter. California State Teachers Retirement System now owns 129,994,625 shares of the conglomerate’s stock valued at $21,047,430,000 after purchasing an additional 129,208,611 shares in the last quarter. SG Americas Securities LLC boosted its position in 3M by 653.6% during the first quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock valued at $344,178,000 after buying an additional 2,055,419 shares during the period. Amundi grew its stake in shares of 3M by 67.0% during the second quarter. Amundi now owns 4,536,148 shares of the conglomerate’s stock valued at $734,448,000 after buying an additional 1,819,178 shares during the last quarter. Ascentis Wealth Management LLC grew its stake in shares of 3M by 22,972.5% during the second quarter. Ascentis Wealth Management LLC now owns 347,472 shares of the conglomerate’s stock valued at $56,259,000 after buying an additional 345,966 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 3M by 7.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,935,534 shares of the conglomerate’s stock worth $637,202,000 after buying an additional 270,458 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Insider Transactions at 3M

In other 3M news, insider 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. Insiders own 0.19% of the company’s stock.

3M Stock Down 0.9%

Shares of NYSE:MMM opened at $162.86 on Friday. 3M Company has a 1 year low of $139.34 and a 1 year high of $184.90. The company has a market cap of $83.99 billion, a PE ratio of 28.93, a P/E/G ratio of 2.16 and a beta of 1.01. 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 stock’s 50-day moving average is $171.93 and its 200 day moving average is $159.26.

3M (NYSE:MMM) last released its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the company posted $2.16 EPS. 3M’s quarterly revenue was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Sell-side analysts anticipate that 3M Company will post 8.96 EPS for the current year.

3M Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group increased their target price on 3M from $190.00 to $218.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a research report on Wednesday, July 22nd. Citigroup increased their price objective on 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Sanford C. Bernstein raised their target price on shares of 3M from $140.00 to $145.00 and gave the stock an “underperform” rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group lifted their target price on shares of 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $177.21.

3M Profile

3M Company is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it initially supplied abrasives and other materials before expanding into a broad range of science-based products and technologies.

The company develops products for industrial, transportation, electronics, safety and consumer markets. Its offerings include personal protective equipment, industrial adhesives and tapes, abrasives, filtration products, electrical materials, automotive solutions, medical and dental products, and consumer brands such as Post-it Notes and Scotch products.