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

Key Points

• Analysts have a consensus "Hold" rating on 3M from ten brokers (1 sell, 5 hold, 4 buy) with an average 12‑month price target of $175.90.
• 3M slightly beat quarterly EPS ($1.83 vs. $1.80 est.) but missed revenue, and set FY2026 guidance of 8.50–8.70 EPS versus analysts' ~7.8 forecast.
• The company raised its quarterly dividend to $0.78 (annualized $3.12, ~2.2% yield); CAO Theresa Reinseth sold 5,145 shares (insider ownership now 0.34%) while institutional investors hold about 65.25% of the stock.

3M Company (NYSE:MMM - Get Free Report) has earned a consensus recommendation of "Hold" from the ten analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $175.90.

Several research firms have weighed in on MMM. Royal Bank Of Canada raised their price objective on shares of 3M from $131.00 to $136.00 and gave the company an "underperform" rating in a research report on Wednesday, January 21st. Mizuho set a $160.00 target price on shares of 3M in a research report on Wednesday, January 21st. UBS Group reiterated a "buy" rating on shares of 3M in a research report on Friday, March 13th. Wolfe Research raised their price target on shares of 3M from $196.00 to $205.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Finally, Wells Fargo & Company dropped their price objective on shares of 3M from $183.00 to $175.00 and set an "overweight" rating for the company in a research report on Wednesday, January 21st.

Insider Buying and Selling at 3M

In other news, CAO Theresa E. Reinseth sold 5,145 shares of the business's 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 completion of the sale, the chief accounting officer owned 2,585 shares in the company, valued at $446,558.75. The trade was a 66.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by insiders.

Institutional Trading of 3M

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PFA Pension Forsikringsaktieselskab acquired a new position in 3M during the 4th quarter valued at about $65,009,000. SG Americas Securities LLC grew its position in shares of 3M by 806.1% during the 4th quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate's stock worth $50,345,000 after buying an additional 279,757 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of 3M during the second quarter worth approximately $8,594,000. Handelsbanken Fonder AB raised its stake in shares of 3M by 17.0% during the second quarter. Handelsbanken Fonder AB now owns 265,360 shares of the conglomerate's stock worth $40,398,000 after buying an additional 38,501 shares during the last quarter. Finally, BLI Banque de Luxembourg Investments acquired a new position in 3M in the second quarter valued at approximately $4,103,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

3M Price Performance

3M stock opened at $142.73 on Friday. 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 firm has a market cap of $75.18 billion, a P/E ratio of 23.79, a P/E/G ratio of 2.13 and a beta of 1.08. The business's fifty day moving average is $161.48 and its two-hundred day moving average is $161.50. 3M has a 52 week low of $121.98 and a 52 week high of $177.41.

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

3M Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 13th were paid a $0.78 dividend. This is an increase from 3M's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Friday, February 13th. This represents a $3.12 annualized dividend and a dividend yield of 2.2%. 3M's payout ratio is 52.00%.

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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