Rep. Josh Gottheimer Sells 3M Company (NYSE:MMM) Stock

Representative Josh Gottheimer (D-New Jersey) recently sold shares of 3M Company (NYSE:MMM). In a filing disclosed on November 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in 3M stock on October 20th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of NetEase (NASDAQ:NTES) on 10/17/2025.
• Purchased $1,001 – $15,000 in shares of NiCE (NASDAQ:NICE) on 10/17/2025.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 10/16/2025.
• Purchased $1,001 – $15,000 in shares of CommVault Systems (NASDAQ:CVLT) on 9/23/2025.
• Sold $1,001 – $15,000 in shares of Baldwin Insurance Group (NASDAQ:BWIN) on 9/23/2025.
• Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/22/2025.
• Sold $1,001 – $15,000 in shares of Diageo (NYSE:DEO) on 9/22/2025.
• Purchased $1,001 – $15,000 in shares of Natera (NASDAQ:NTRA) on 9/22/2025.
• Purchased $1,001 – $15,000 in shares of Independence Realty Trust (NYSE:IRT) on 9/22/2025.
• Purchased $1,001 – $15,000 in shares of Sysmex (OTCMKTS:SSMXY) on 9/22/2025.

3M Price Performance

Shares of MMM traded down $2.05 during trading hours on Thursday, hitting $164.54. 3,303,279 shares of the stock were exchanged, compared to its average volume of 3,587,144. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.40 and a current ratio of 1.84. 3M Company has a 12-month low of $121.98 and a 12-month high of $172.85. The company has a market cap of $87.41 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 2.90 and a beta of 1.06. The stock’s 50-day moving average price is $160.06 and its two-hundred day moving average price is $154.06.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, February 21st. The conglomerate reported $2.45 earnings per share for the quarter. 3M had a return on equity of 98.47% and a net margin of 13.70%.The company had revenue of $8.38 billion for the quarter. Research analysts expect that 3M Company will post 7.8 earnings per share for the current year.

3M Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 14th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.8%. 3M’s payout ratio is currently 46.65%.

Hedge Funds Weigh In On 3M

A number of hedge funds have recently modified their holdings of MMM. Caitong International Asset Management Co. Ltd purchased a new stake in 3M in the 1st quarter valued at about $28,000. WPG Advisers LLC acquired a new stake in shares of 3M during the first quarter valued at about $28,000. GFG Capital LLC purchased a new stake in shares of 3M in the 2nd quarter valued at approximately $28,000. Saudi Central Bank purchased a new stake in shares of 3M in the 1st quarter valued at approximately $31,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of 3M in the 3rd quarter worth approximately $34,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at 3M

In related news, EVP Zoe L. Dickson sold 13,826 shares of 3M stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $169.78, for a total value of $2,347,378.28. Following the completion of the sale, the executive vice president owned 6,162 shares in the company, valued at approximately $1,046,184.36. This trade represents a 69.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark W. Murphy sold 19,061 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $166.55, for a total value of $3,174,609.55. Following the transaction, the executive vice president owned 6,594 shares in the company, valued at $1,098,230.70. This trade represents a 74.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 46,516 shares of company stock valued at $7,836,465 in the last quarter. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

MMM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of 3M from $177.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Citigroup increased their price target on 3M from $160.00 to $169.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of 3M in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on 3M from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their target price on 3M from $120.00 to $130.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 22nd. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.10.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About 3M

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.