3M (NYSE:MMM) Posts Earnings Results, Beats Expectations By $0.13 EPS

Key Points

• 3M beat quarterly earnings expectations, reporting $2.40 EPS versus the $2.27 consensus estimate. Revenue also came in ahead of forecasts at $6.50 billion.
• The company said revenue rose 2.5% year over year from the same quarter last year, when it posted $2.16 EPS. Management also updated full-year guidance to 8.800–8.950 EPS for FY 2026.
• 3M continues to return cash to shareholders, with a recent quarterly dividend of $0.78 per share, implying a 2.0% annualized yield. Analysts currently rate the stock a consensus Hold with an average price target of $169.43.

3M (NYSE:MMM - Get Free Report) released its quarterly earnings data on Tuesday. The conglomerate reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.13, Briefing.com reports. 3M had a return on equity of 104.75% and a net margin of 11.14%.The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the company posted $2.16 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. 3M updated its FY 2026 guidance to 8.800-8.950 EPS.

3M Stock Performance

Shares of 3M stock opened at $159.60 on Tuesday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.19. The firm has a market cap of $83.24 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The stock's 50-day moving average is $156.43 and its 200-day moving average is $156.09. 3M has a one year low of $139.34 and a one year high of $177.41.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 22nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 2.0%. 3M's dividend payout ratio (DPR) is currently 60.12%.

Analyst Ratings Changes

A number of analysts recently weighed in on MMM shares. Wells Fargo & Company increased their price target on shares of 3M from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, April 22nd. Barclays reduced their price target on shares of 3M from $190.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on 3M from $181.00 to $171.00 and set a "hold" rating on the stock in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised 3M from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $178.00 to $180.00 in a research note on Friday. Finally, Jefferies Financial Group lifted their price objective on 3M from $170.00 to $175.00 and gave the company a "hold" rating in a report on Monday, June 29th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $169.43.

Institutional Investors Weigh In On 3M

Several institutional investors have recently bought and sold shares of MMM. Brighton Jones LLC increased its stake in 3M by 26.6% in the 4th quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate's stock valued at $1,149,000 after buying an additional 1,872 shares during the last quarter. Bison Wealth LLC increased its position in shares of 3M by 10.2% in the fourth quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate's stock valued at $355,000 after acquiring an additional 255 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in 3M by 11.4% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate's stock worth $3,289,000 after acquiring an additional 2,203 shares in the last quarter. WFA of San Diego LLC bought a new position in 3M in the second quarter valued at approximately $61,000. Finally, Morse Asset Management Inc grew its stake in 3M by 1.8% in the second quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate's stock valued at $1,568,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

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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