Theresa Reinseth Sells 5,145 Shares of 3M (NYSE:MMM) Stock

3M Company (NYSE:MMM) CAO Theresa Reinseth sold 5,145 shares of 3M stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total transaction of $888,798.75. Following the sale, the chief accounting officer directly owned 2,585 shares of the company’s stock, valued at $446,558.75. This represents a 66.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

3M Stock Down 1.7%

NYSE:MMM opened at $171.69 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.71 and a debt-to-equity ratio of 2.30. 3M Company has a 12-month low of $121.98 and a 12-month high of $177.41. The stock’s fifty day simple moving average is $163.67 and its 200-day simple moving average is $160.68. The firm has a market capitalization of $90.43 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.44 and a beta of 1.09.

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

3M Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 13th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from 3M’s previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a yield of 1.8%. 3M’s payout ratio is currently 52.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of 3M from $183.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, January 21st. Barclays boosted their target price on 3M from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Royal Bank Of Canada lifted their price objective on 3M from $131.00 to $136.00 and gave the company an “underperform” rating in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft increased their target price on 3M from $179.00 to $181.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Finally, Citigroup cut their price target on shares of 3M from $181.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, 3M currently has an average rating of “Hold” and an average target price of $175.36.

Hedge Funds Weigh In On 3M

A number of large investors have recently bought and sold shares of MMM. Commonwealth Retirement Investments LLC bought a new position in shares of 3M during the 4th quarter worth approximately $28,000. J.Safra Asset Management Corp bought a new position in 3M in the third quarter valued at $34,000. Westside Investment Management Inc. increased its stake in 3M by 77.4% in the 3rd quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after buying an additional 106 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in 3M during the 4th quarter worth about $40,000. Finally, Sfam LLC acquired a new position in shares of 3M during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M Company Profile

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).