3M Company (NYSE:MMM) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Brokerages collectively rate 3M “Hold.” Of 15 analysts, eight recommend buying, five recommend holding and two recommend selling; the average 12-month price target is $177.21.
• 3M reported quarterly EPS of $2.40, exceeding estimates of $2.25, while revenue reached $6.50 billion and grew 2.5% year over year. Management guided to fiscal 2026 EPS of $8.80–$8.95.
• Shares opened at $182.64, near their 52-week high of $184.90, with a market capitalization of approximately $94.2 billion. An insider recently sold 3,635 shares, while institutional investors own 65.25% of the company.

Shares of 3M Company (NYSE:MMM - Get Free Report) have been given an average recommendation of "Hold" by the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $177.2143.

Several research firms have commented on MMM. Royal Bank Of Canada boosted their target price on shares of 3M from $123.00 to $132.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 22nd. Citigroup raised their price target on shares of 3M from $166.00 to $183.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of 3M from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised shares of 3M from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $178.00 to $180.00 in a research report on Friday, July 17th. Finally, Mizuho boosted their price target on 3M from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd.

Insider Buying and Selling at 3M

In related news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the sale, the insider directly owned 14,035 shares in the company, valued at approximately $2,561,527.85. The trade was a 20.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.19% of the company's stock.

Hedge Funds Weigh In On 3M

A number of institutional investors have recently modified their holdings of the company. Davis Asset Management L.P. bought a new position in shares of 3M in the second quarter valued at approximately $130,000. Pinnacle West Asset Management Inc. bought a new stake in shares of 3M during the 2nd quarter worth $814,000. Foster & Motley Inc. acquired a new position in 3M in the 2nd quarter valued at $624,000. Knights of Columbus Asset Advisors LLC grew its stake in 3M by 0.4% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 70,541 shares of the conglomerate's stock valued at $11,421,000 after buying an additional 314 shares during the last quarter. Finally, Texas Bank & Trust Co raised its holdings in 3M by 49.2% in the 2nd quarter. Texas Bank & Trust Co now owns 4,212 shares of the conglomerate's stock worth $682,000 after acquiring an additional 1,388 shares during the period. Institutional investors own 65.25% of the company's stock.

3M Stock Performance

Shares of NYSE MMM opened at $182.64 on Monday. 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 has a one year low of $139.34 and a one year high of $184.90. The business's 50-day moving average price is $166.95 and its two-hundred day moving average price is $158.07. The company has a market capitalization of $94.19 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01.

3M (NYSE:MMM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.15. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.16 EPS. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Analysts anticipate that 3M will post 8.96 earnings per share for the current fiscal year.

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).

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