Brokerages Set 3M Company (NYSE:MMM) Price Target at $177.21

Shares of 3M Company (NYSE:MMM) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $177.2143.

MMM has been the topic of several analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of 3M in a report on Thursday, July 9th. UBS Group boosted their price target on shares of 3M from $190.00 to $218.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on shares of 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group restated a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Finally, HSBC lifted their price objective on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd.

Insider Transactions at 3M

In other 3M news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of 3M stock in a transaction dated 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 sale, the insider directly owned 14,035 shares of the company’s stock, valued at $2,561,527.85. The trade was a 20.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On 3M

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 valued at $637,202,000 after purchasing an additional 270,458 shares in the last quarter. SG Americas Securities LLC raised its holdings in 3M by 653.6% during the first quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after purchasing an additional 2,055,419 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in 3M during the fourth quarter worth approximately $65,009,000. Ascentis Wealth Management LLC lifted its position in shares of 3M by 22,972.5% during the 2nd quarter. Ascentis Wealth Management LLC now owns 347,472 shares of the conglomerate’s stock worth $56,259,000 after buying an additional 345,966 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of 3M by 1.5% during the 4th quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock worth $43,511,000 after buying an additional 4,101 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M Price Performance

Shares of NYSE MMM opened at $180.81 on Monday. 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 cap of $93.25 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 2.19 and a beta of 1.01. The stock’s 50-day moving average is $168.45 and its two-hundred day moving average is $158.57. 3M has a 1-year low of $139.34 and a 1-year high of $184.90.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $6.40 billion. During the same quarter last year, the business posted $2.16 EPS. The business’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. Analysts forecast that 3M will post 8.96 EPS for the current fiscal year.

3M Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 24th will be paid a $0.78 dividend. The ex-dividend date is Monday, August 24th. This represents a $3.12 dividend on an annualized basis and a yield of 1.7%. 3M’s dividend payout ratio (DPR) is currently 55.42%.

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).