3M (NYSE:MMM) Price Target Cut to $133.00 by Analysts at Royal Bank Of Canada

3M (NYSE:MMM) had its target price lowered by Royal Bank Of Canada from $134.00 to $133.00 in a research report released on Wednesday morning, Marketbeat.com reports. The firm currently has an underperform rating on the conglomerate’s stock.

Several other analysts have also commented on MMM. Morgan Stanley raised their price target on shares of 3M from $160.00 to $165.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Wolfe Research reduced their price target on 3M from $205.00 to $186.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Barclays reduced their price target on 3M from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Citigroup reduced their price target on 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Mizuho set a $160.00 price target on 3M in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.27.

3M Stock Down 1.9%

NYSE:MMM opened at $145.72 on Wednesday. The firm has a market capitalization of $76.13 billion, a P/E ratio of 28.08, a PEG ratio of 2.16 and a beta of 1.09. 3M has a 1-year low of $134.85 and a 1-year high of $177.41. The company’s fifty day moving average price is $153.72 and its 200-day moving average price is $160.22. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.33.

3M (NYSE:MMM) last released its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.16. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.04 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 earnings per share. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. As a group, equities research analysts anticipate that 3M will post 8.65 EPS for the current year.

3M Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 13th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.1%. This is a positive change from 3M’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, February 13th. 3M’s dividend payout ratio (DPR) is 52.00%.

Insider Activity

In other news, CAO Theresa E. Reinseth sold 5,145 shares of 3M stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total value of $888,798.75. Following the sale, the chief accounting officer owned 2,585 shares in the company, valued at $446,558.75. This trade represents a 66.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of 3M

Institutional investors have recently modified their holdings of the stock. L & S Advisors Inc grew its position in shares of 3M by 32.2% in the third quarter. L & S Advisors Inc now owns 58,316 shares of the conglomerate’s stock valued at $9,049,000 after purchasing an additional 14,204 shares during the period. SG Americas Securities LLC boosted its position in 3M by 806.1% during the fourth quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock worth $50,345,000 after acquiring an additional 279,757 shares during the last quarter. Inspire Trust Co. N.A. boosted its position in 3M by 21.9% during the third quarter. Inspire Trust Co. N.A. now owns 39,000 shares of the conglomerate’s stock worth $6,052,000 after acquiring an additional 7,000 shares during the last quarter. Allstate Corp acquired a new position in 3M during the third quarter worth about $3,087,000. Finally, First Bank & Trust acquired a new position in 3M during the fourth quarter worth about $828,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Key Headlines Impacting 3M

Here are the key news stories impacting 3M this week:

• Positive Sentiment: Q1 beat on adjusted EPS and margin expansion — 3M posted adjusted EPS of $2.14 (above consensus) and reported operating / adjusted operating-margin improvement, driven by productivity and cost actions; management reiterated FY2026 EPS guidance of $8.50–$8.70, supporting the earnings outlook. MMM Q1 Deep Dive: Productivity Gains and Strategic Moves Amid Mixed Growth Signals
• Positive Sentiment: Wells Fargo raised its price target to $165 and kept an overweight rating, signaling incremental analyst confidence in upside from margin leverage and the company’s cash generation. Benzinga
• Positive Sentiment: Jefferies lifted its target to $170 (maintains hold), reflecting a more constructive view of 3M’s near-term earnings power after the quarter. Jefferies adjusts 3M price target to $170
• Neutral Sentiment: Deutsche Bank trimmed its price target to $171 from $181 but kept a hold rating — still implies upside from current levels but reflects more cautious valuation assumptions. Deutsche Bank adjusts 3M price target to $171
• Neutral Sentiment: Citigroup recently lowered its price target (part of group-wide previews) but kept a neutral stance — a reminder analysts are refining models ahead of/after Q1 results. Citigroup Lowers 3M Price Target
• Negative Sentiment: Revenue mixed / organic softness — reported sales were roughly in line but slightly below some estimates and organic growth was modest (~1.2–1.3%), which limits the near-term growth narrative and may pressure multiple expansion. 3M Reports First-Quarter 2026 Results
• Negative Sentiment: Royal Bank of Canada cut its target to $133 and kept an underperform rating, the most bearish analyst action in the group — adds selling pressure and a near-term downside catalyst for the stock. RBC trims price target on 3M to $133

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).