3M (NYSE:MMM) Insider Rodriguez Beatriz Karin Chavez Sells 3,635 Shares of Stock

Key Points

• 3M insider Rodriguez Beatriz Karin Chavez sold 3,635 shares for approximately $663,424 at an average price of $182.51, reducing her stake by 20.57% to 14,035 shares.
• 3M shares fell 0.8% to $180.64, though the stock remains near its 12-month high of $184.90. The company has a market capitalization of $93.16 billion and pays a quarterly dividend of $0.78, or a 1.7% annualized yield.
• 3M exceeded quarterly expectations with adjusted earnings of $2.40 per share and revenue of $6.50 billion, while revenue grew 2.5% year over year. Analysts maintain an average “Hold” rating with a $177.21 price target.

3M Company (NYSE:MMM - Get Free Report) insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the firm's stock in a transaction 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 of the company's stock, valued at $2,561,527.85. The trade was a 20.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

3M Stock Down 0.8%

MMM stock traded down $1.44 on Thursday, hitting $180.64. 2,432,908 shares of the company's stock were exchanged, compared to its average volume of 3,958,719. The firm has a 50 day moving average price of $162.77 and a two-hundred day moving average price of $157.03. 3M Company has a 12-month low of $139.34 and a 12-month high of $184.90. The stock has a market cap of $93.16 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24.

3M (NYSE:MMM - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The company had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.40 billion. During the same period last year, the business posted $2.16 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, equities research analysts expect that 3M Company will post 8.95 EPS for the current fiscal year.

3M Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were paid a $0.78 dividend. The ex-dividend date was Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.7%. 3M's dividend payout ratio (DPR) is 55.42%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of 3M from $160.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday, April 22nd. Wolfe Research restated an "outperform" rating on shares of 3M in a research note on Thursday, July 9th. Mizuho lifted their target price on 3M from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Royal Bank Of Canada upped their target price on 3M from $123.00 to $132.00 and gave the company an "underperform" rating in a research report on Wednesday, July 22nd. Finally, HSBC raised their price target on shares of 3M from $175.00 to $185.00 and gave the stock a "buy" rating in a research report on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, 3M currently has an average rating of "Hold" and an average price target of $177.21.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC boosted its position 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 worth $11,421,000 after purchasing an additional 314 shares in the last quarter. Texas Bank & Trust Co boosted its holdings in 3M by 49.2% during the second quarter. Texas Bank & Trust Co now owns 4,212 shares of the conglomerate's stock worth $682,000 after buying an additional 1,388 shares in the last quarter. Bank of Stockton grew its position in 3M by 4.8% during the second quarter. Bank of Stockton now owns 5,560 shares of the conglomerate's stock valued at $900,000 after buying an additional 255 shares during the period. Waterloo Capital L.P. increased its holdings in 3M by 3.3% in the second quarter. Waterloo Capital L.P. now owns 24,889 shares of the conglomerate's stock valued at $4,030,000 after buying an additional 793 shares in the last quarter. Finally, Baldwin Investment Management LLC purchased a new position in 3M in the second quarter valued at $348,000. 65.25% of the stock is owned by institutional investors and hedge funds.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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