3M (MMM) to Release Earnings on Friday

3M (NYSE:MMM - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results 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 announced its earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.78 billion. 3M had a net margin of 17.79% and a return on equity of 96.19%. On average, analysts expect 3M to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

3M Price Performance

Shares of MMM opened at $157.32 on Friday. The company has a market cap of $84.66 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. 3M has a twelve month low of $100.87 and a twelve month 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 company has a 50 day moving average of $147.95 and a two-hundred day moving average of $144.32.

3M Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.86%. 3M's dividend payout ratio (DPR) is 36.87%.

Insider Transactions at 3M

In other news, EVP John Patrick Banovetz sold 7,759 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 31,372 shares in the company, valued at approximately $4,654,663.64. This represents a 19.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Zoe L. Dickson sold 7,915 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $149.02, for a total transaction of $1,179,493.30. Following the completion of the transaction, the executive vice president owned 6,127 shares in the company, valued at approximately $913,045.54. This represents a 56.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On 3M

An institutional investor recently raised its position in 3M stock. Bison Wealth LLC grew its stake in 3M Company (NYSE:MMM - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,751 shares of the conglomerate's stock after buying an additional 255 shares during the period. Bison Wealth LLC's holdings in 3M were worth $355,000 at the end of the most recent reporting period. Institutional investors own 65.25% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of 3M from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Weiss Ratings reiterated a "hold (c+)" rating on shares of 3M in a research note on Friday, June 27th. Royal Bank Of Canada lifted their price objective on shares of 3M from $98.00 to $100.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 23rd. Citigroup lifted their price objective on shares of 3M from $141.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Finally, Barclays raised their target price on shares of 3M from $164.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.33.

3M Company Profile

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.

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