Rodriguez Beatriz Karin Chavez Sells 3,635 Shares of 3M (NYSE:MMM) Stock

3M Company (NYSE:MMM) insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the sale, the insider owned 14,035 shares in the company, valued at approximately $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

3M Stock Performance

Shares of NYSE:MMM opened at $182.88 on Friday. The business’s fifty day moving average price is $163.92 and its two-hundred day moving average price is $157.30. 3M Company has a fifty-two week low of $139.34 and a fifty-two week high of $184.90. The stock has a market capitalization of $94.32 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 2.19 and a beta of 1.01. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91.

3M (NYSE:MMM) last posted its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.15. 3M had a net margin of 11.90% and a return on equity of 115.87%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the firm earned $2.16 EPS. The firm’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. As a group, analysts predict that 3M Company will post 8.95 EPS for the current fiscal year.

3M Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd. 3M’s dividend payout ratio (DPR) is currently 55.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup raised their price objective on shares of 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada increased their price target on shares of 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a research note on Wednesday, July 22nd. UBS Group raised their price target on shares of 3M from $190.00 to $218.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings raised 3M from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company increased their price objective on 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, 3M has a consensus rating of “Hold” and an average target price of $177.21.

Institutional Investors Weigh In On 3M

A number of institutional investors have recently made changes to their positions in MMM. Commonwealth Retirement Investments LLC acquired a new position in shares of 3M in the 4th quarter valued at approximately $28,000. EQ Wealth Advisors LLC bought a new stake in shares of 3M during the fourth quarter worth $40,000. Sfam LLC acquired a new stake in shares of 3M during the fourth quarter worth $45,000. Cornerstone Planning Group LLC lifted its position in 3M by 32.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock valued at $42,000 after acquiring an additional 71 shares in the last quarter. Finally, West Paces Advisors Inc. bought a new stake in 3M in the 2nd quarter valued at $49,000. 65.25% of the stock is owned by institutional investors and hedge funds.

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).