3M (MMM) to Release Quarterly Earnings on Friday

3M (NYSE:MMM - Get Free Report) is expected to be releasing its Q2 2025 earnings data before the market opens on Friday, July 18th. Analysts expect 3M to post earnings of $2.01 per share and revenue of $6.09 billion for the quarter.

3M (NYSE:MMM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. 3M had a return on equity of 96.19% and a net margin of 17.79%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.78 billion. On average, analysts expect 3M to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

3M Stock Performance

NYSE MMM traded down $1.59 during trading hours on Friday, hitting $155.73. The company had a trading volume of 2,401,071 shares, compared to its average volume of 3,802,883. 3M has a fifty-two week low of $100.87 and a fifty-two week high of $159.47. The company has a quick ratio of 1.25, a current ratio of 1.66 and a debt-to-equity ratio of 2.72. The business has a fifty day simple moving average of $148.22 and a 200-day simple moving average of $144.59. The firm has a market cap of $83.81 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 3.04 and a beta of 1.02.

3M Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.88%. 3M's payout ratio is 36.87%.

Insider Transactions at 3M

In related news, EVP Zoe L. Dickson sold 7,915 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $149.02, for a total value of $1,179,493.30. Following the completion of the transaction, the executive vice president owned 6,127 shares in the company, valued at $913,045.54. This trade represents a 56.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Patrick Banovetz sold 7,759 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $148.37, for a total value of $1,151,202.83. Following the completion of the transaction, the executive vice president owned 31,372 shares of the company's stock, valued at $4,654,663.64. This trade represents a 19.83% decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On 3M

A hedge fund recently raised its stake in 3M stock. Bison Wealth LLC boosted its holdings in shares of 3M Company (NYSE:MMM - Free Report) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,751 shares of the conglomerate's stock after acquiring an additional 255 shares during the quarter. Bison Wealth LLC's holdings in 3M were worth $355,000 at the end of the most recent quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MMM has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on 3M from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. increased their price target on 3M from $140.00 to $167.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Barclays increased their price target on 3M from $164.00 to $170.00 and gave the stock an "overweight" rating in a research note on Wednesday. Weiss Ratings reissued a "hold (c+)" rating on shares of 3M in a research note on Friday, June 27th. Finally, Royal Bank Of Canada increased their price target on 3M from $98.00 to $100.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $156.33.

About 3M

3M Company provides diversified technology services in the United States and internationally. The company's Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.