3M (NYSE:MMM) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Key Points

• 3M reported earnings of $2.19 per share for the quarter, surpassing analysts' expectations by $0.12 and maintaining a strong return on equity of 96.48%.
• The company updated its full-year 2025 earnings guidance to a range of $7.950 to $8.050 EPS.
• 3M has announced a quarterly dividend of $0.73 per share, reflecting a 1.9% yield and a dividend payout ratio of 40.61%.

3M (NYSE:MMM - Get Free Report) announced its earnings results on Tuesday. The conglomerate reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.12, Zacks reports. 3M had a return on equity of 96.48% and a net margin of 16.01%. 3M updated its FY 2025 guidance to 7.950-8.05 EPS.

3M Trading Up 1.4%

MMM opened at $154.84 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.72 and a debt-to-equity ratio of 2.87. The stock's fifty day moving average is $155.01 and its two-hundred day moving average is $149.07. The company has a market capitalization of $82.47 billion, a P/E ratio of 21.54, a PEG ratio of 2.52 and a beta of 1.05. 3M has a 52 week low of $121.98 and a 52 week high of $164.15.

3M Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, August 25th were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, August 25th. 3M's dividend payout ratio (DPR) is presently 40.61%.

Analyst Upgrades and Downgrades

MMM has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of 3M from $175.00 to $178.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 15th. Barclays set a $170.00 price target on shares of 3M in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of 3M from $177.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Citigroup boosted their target price on 3M from $160.00 to $169.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Finally, Wells Fargo & Company increased their price target on 3M from $170.00 to $176.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $169.00.

Insiders Place Their Bets

In other 3M news, insider Christian T. Goralski, Jr. sold 6,165 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $150.18, for a total transaction of $925,859.70. Following the transaction, the insider owned 2,900 shares of the company's stock, valued at approximately $435,522. This trade represents a 68.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Theresa E. Reinseth sold 3,477 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $150.63, for a total transaction of $523,740.51. Following the completion of the transaction, the chief accounting officer owned 2,561 shares of the company's stock, valued at $385,763.43. This represents a 57.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On 3M

Several institutional investors and hedge funds have recently made changes to their positions in MMM. Brighton Jones LLC lifted its stake in 3M by 26.6% during the 4th quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate's stock valued at $1,149,000 after acquiring an additional 1,872 shares during the period. Bison Wealth LLC raised its holdings in shares of 3M by 10.2% during the fourth quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate's stock worth $355,000 after purchasing an additional 255 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position 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 valued at $3,289,000 after purchasing an additional 2,203 shares during the period. Morse Asset Management Inc boosted its holdings 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 during the last quarter. Finally, WFA of San Diego LLC acquired a new stake in 3M during the 2nd quarter worth about $61,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

About 3M

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.