3M (NYSE:MMM) Given New $125.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target on 3M to $125 (from $136) and kept an "underperform" rating, implying roughly a 16.24% downside from the current share price.
• Analyst coverage is mixed — 4 Buys, 6 Holds, 1 Sell — leaving a MarketBeat consensus of "Hold" with an average price target of $169.91, notably higher than RBC's view.
• Shares traded around $149.23 mid-day (up ~3.4%); 3M last reported quarterly EPS of $1.83 and set FY2026 guidance of 8.50–8.70 EPS, with a market cap near $78 billion and a P/E of ~24.9.

3M (NYSE:MMM - Get Free Report) had its price target dropped by analysts at Royal Bank Of Canada from $136.00 to $125.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage presently has an "underperform" rating on the conglomerate's stock. Royal Bank Of Canada's price objective would suggest a potential downside of 16.24% from the stock's current price.

Several other brokerages have also recently issued reports on MMM. Barclays dropped their target price on 3M from $190.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 1st. Wolfe Research dropped their target price on 3M from $205.00 to $186.00 and set an "outperform" rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on 3M from $179.00 to $181.00 and gave the stock a "hold" rating in a research report on Wednesday, January 21st. UBS Group reissued a "buy" rating on shares of 3M in a research report on Friday, March 13th. Finally, Weiss Ratings downgraded shares of 3M from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, 3M has a consensus rating of "Hold" and an average price target of $169.91.

3M Stock Up 3.4%

Shares of MMM stock traded up $4.88 during mid-day trading on Wednesday, hitting $149.23. The company's stock had a trading volume of 374,106 shares, compared to its average volume of 4,044,630. 3M has a 52-week low of $123.44 and a 52-week high of $177.41. The business has a 50-day moving average price of $156.44 and a 200 day moving average price of $160.61. 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 stock has a market cap of $77.96 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.10 and a beta of 1.09.

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

Insider Activity 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 shares were sold at an average price of $172.75, for a total value of $888,798.75. Following the transaction, the chief accounting officer owned 2,585 shares of the company's stock, valued at approximately $446,558.75. The trade was a 66.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company's stock.

Institutional Trading of 3M

A number of large investors have recently made changes to their positions in the business. PFA Pension Forsikringsaktieselskab bought a new stake in shares of 3M in the 4th quarter worth about $65,009,000. SG Americas Securities LLC boosted its stake 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 purchasing an additional 279,757 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of 3M by 1.5% during the 4th quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate's stock worth $43,511,000 after purchasing an additional 4,101 shares during the period. Captrust Financial Advisors boosted its stake in shares of 3M by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate's stock worth $25,084,000 after purchasing an additional 4,372 shares during the period. Finally, Willis Investment Counsel boosted its stake in shares of 3M by 1.5% during the 4th quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate's stock worth $21,796,000 after purchasing an additional 2,077 shares during the period. 65.25% of the stock is currently owned by institutional investors.

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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