3M Company (NYSE:MMM) Given Consensus Rating of "Hold" by Brokerages

Key Points

• 3M has a consensus analyst rating of “Hold”, based on coverage from 12 research firms; the average 1-year price target is about $171.17.
• The company recently beat quarterly earnings expectations, reporting $2.14 EPS versus the $1.98 estimate, though revenue of $6.0 billion came in slightly below forecasts.
• Shares opened at $143.27, well below the average analyst target and near the stock’s 52-week low of $139.34, while insider ownership remains low at 0.19% and institutional ownership is high at 65.25%.

Shares of 3M Company (NYSE:MMM - Get Free Report) have received an average rating of "Hold" from the twelve research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $171.1667.

MMM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their target price on 3M from $181.00 to $171.00 and set a "hold" rating on the stock in a research report on Wednesday, April 22nd. Mizuho set a $160.00 target price on 3M in a research report on Wednesday, January 21st. HSBC upped their target price on 3M from $175.00 to $185.00 and gave the company a "buy" rating in a research report on Wednesday, April 22nd. Citigroup cut their target price on 3M from $175.00 to $166.00 and set a "neutral" rating on the stock in a research report on Monday, April 13th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of 3M in a research report on Monday.

3M Stock Performance

Shares of MMM opened at $143.27 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.19 and a debt-to-equity ratio of 3.29. The stock has a fifty day moving average price of $149.58 and a 200-day moving average price of $159.77. 3M has a 12 month low of $139.34 and a 12 month high of $177.41. The firm has a market cap of $74.73 billion, a PE ratio of 27.61, a P/E/G ratio of 2.08 and a beta of 1.03.

3M (NYSE:MMM - Get Free Report) last released its earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.16. 3M had a return on equity of 104.75% and a net margin of 11.14%.The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.04 billion. During the same period in the prior year, the firm earned $1.88 EPS. The firm's revenue was up 1.3% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Equities research analysts predict that 3M will post 8.7 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the company's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total value of $888,798.75. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On 3M

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MMM. Brighton Jones LLC grew its position in 3M by 26.6% during the 4th quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate's stock worth $1,149,000 after purchasing an additional 1,872 shares during the period. Bison Wealth LLC grew its position in 3M by 10.2% during the 4th quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate's stock worth $355,000 after purchasing an additional 255 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in 3M by 11.4% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate's stock worth $3,289,000 after purchasing an additional 2,203 shares during the period. WFA of San Diego LLC acquired a new stake in 3M during the 2nd quarter worth about $61,000. Finally, Morse Asset Management Inc grew its position in 3M by 1.8% during the 2nd quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate's stock worth $1,568,000 after purchasing an additional 185 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

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).

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