3M Company (MMM) To Go Ex-Dividend on February 13th

3M Company (NYSE:MMM) declared a quarterly dividend on Tuesday, February 3rd. Investors of record on Friday, February 13th will be given a dividend of 0.78 per share by the conglomerate on Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, February 13th. This is a 6.8% increase from 3M’s previous quarterly dividend of $0.73.

3M has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. 3M has a payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect 3M to earn $8.33 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 35.1%.

3M Trading Up 5.2%

Shares of MMM stock opened at $163.70 on Thursday. 3M has a fifty-two week low of $121.98 and a fifty-two week high of $174.69. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.33 and a current ratio of 1.71. The stock’s fifty day moving average price is $163.55 and its two-hundred day moving average price is $159.76. The company has a market cap of $86.96 billion, a PE ratio of 27.28, a P/E/G ratio of 2.18 and a beta of 1.09.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.03. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.03 billion. 3M had a net margin of 13.03% and a return on equity of 95.36%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Equities analysts predict that 3M will post 7.8 EPS for the current fiscal year.

Insider Buying and Selling at 3M

In other 3M news, EVP Zoe L. Dickson sold 13,826 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $169.78, for a total value of $2,347,378.28. Following the completion of the transaction, the executive vice president owned 6,162 shares in the company, valued at approximately $1,046,184.36. This represents a 69.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On 3M

A number of hedge funds have recently added to or reduced their stakes in MMM. Legacy Financial Advisors Inc. increased its position in 3M by 11.8% in the fourth quarter. Legacy Financial Advisors Inc. now owns 2,797 shares of the conglomerate’s stock worth $448,000 after buying an additional 295 shares in the last quarter. Providence First Trust Co bought a new stake in 3M during the fourth quarter worth approximately $443,000. Morse Asset Management Inc raised its position in 3M by 0.7% in the 4th quarter. Morse Asset Management Inc now owns 10,713 shares of the conglomerate’s stock worth $1,715,000 after purchasing an additional 75 shares during the period. FSA Advisors Inc. bought a new position in 3M in the 4th quarter valued at $1,625,000. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of 3M during the fourth quarter valued at approximately $65,009,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

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).