3M (NYSE:MMM) Updates FY 2025 Earnings Guidance

3M (NYSE:MMM - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.600-7.900 for the period, compared to the consensus earnings per share estimate of 7.810. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company raised shares of 3M from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $140.00 to $170.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of 3M from $162.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Citigroup increased their target price on shares of 3M from $142.00 to $152.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Royal Bank of Canada reissued an "underperform" rating and set a $96.00 target price on shares of 3M in a research report on Thursday, February 27th. Finally, Barclays raised their price objective on shares of 3M from $161.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $149.13.

3M Stock Performance

MMM traded up $4.48 during trading hours on Friday, hitting $150.58. The stock had a trading volume of 4,093,589 shares, compared to its average volume of 4,215,090. The company's fifty day simple moving average is $146.42 and its 200 day simple moving average is $136.82. 3M has a 1 year low of $85.62 and a 1 year high of $156.35. The stock has a market cap of $81.75 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a quick ratio of 1.08, a current ratio of 1.41 and a debt-to-equity ratio of 2.86.

3M (NYSE:MMM - Get Free Report) last posted its earnings results on Tuesday, January 21st. The conglomerate reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.02. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.77 billion. 3M had a return on equity of 100.77% and a net margin of 15.71%. The company's quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.42 EPS. Equities analysts anticipate that 3M will post 7.8 earnings per share for the current year.

3M Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 14th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, February 14th. This is a positive change from 3M's previous quarterly dividend of $0.70. 3M's payout ratio is presently 38.68%.

Insider Buying and Selling at 3M

In related news, insider Christian T. Goralski, Jr. sold 6,318 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $149.43, for a total value of $944,098.74. Following the completion of the sale, the insider now owns 5,024 shares in the company, valued at $750,736.32. The trade was a 55.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Victoria Clarke sold 1,750 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $154.22, for a total value of $269,885.00. Following the completion of the sale, the executive vice president now owns 194 shares of the company's stock, valued at $29,918.68. The trade was a 90.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,639 shares of company stock valued at $17,163,446 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of 3M

An institutional investor recently raised its position in 3M stock. Brighton Jones LLC raised its stake in 3M (NYSE:MMM - Free Report) by 26.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,898 shares of the conglomerate's stock after purchasing an additional 1,872 shares during the quarter. Brighton Jones LLC's holdings in 3M were worth $1,149,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

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.