3M (NYSE:MMM) Stock Unloaded Sen. Tina Smith

Key Points

• Sen. Tina Smith sold $50,001–$100,000 of 3M stock on March 31 (disclosed April 2); she also recently sold larger holdings in Berkshire Hathaway on Jan. 27 and Mar. 31.
• 3M beat quarterly EPS estimates with $1.83 EPS and set FY2026 guidance of $8.50–$8.70, while raising its quarterly dividend to $0.78 (a 2.2% yield).
• Market sentiment is mixed: institutional investors own about 65.25% of the shares amid recent buying, and analysts have a consensus "Hold" rating with a $172.64 price target (4 Buy, 6 Hold, 1 Sell).

Senator Tina Smith (Democratic-Minnesota) recently sold shares of 3M Company NYSE: MMM. In a filing disclosed on April 02nd, the Senator disclosed that they had sold between $50,001 and $100,000 in 3M stock on March 31st.

Senator Tina Smith also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of Berkshire Hathaway NYSE: BRK.B on 3/31/2026.
• Sold $100,001 - $250,000 in shares of Berkshire Hathaway NYSE: BRK.B on 1/27/2026.

3M Stock Performance

NYSE:MMM opened at $144.49 on Friday. The company has a market cap of $75.48 billion, a P/E ratio of 24.08, a P/E/G ratio of 2.10 and a beta of 1.09. 3M Company has a twelve month low of $121.98 and a twelve month high of $177.41. The company's 50-day moving average price is $157.01 and its 200-day moving average price is $160.70. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 2.30.

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

3M Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 13th were paid a $0.78 dividend. This is an increase from 3M's previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, February 13th. 3M's payout ratio is 52.00%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. PFA Pension Forsikringsaktieselskab acquired a new position in shares of 3M in the 4th quarter worth approximately $65,009,000. SG Americas Securities LLC increased its holdings in 3M by 806.1% in the 4th quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate's stock valued at $50,345,000 after purchasing an additional 279,757 shares during the last quarter. Align Financial LLC purchased a new stake in 3M in the fourth quarter valued at approximately $4,101,000. Allstate Corp raised its position in 3M by 107.1% in the fourth quarter. Allstate Corp now owns 41,212 shares of the conglomerate's stock valued at $6,598,000 after purchasing an additional 21,316 shares during the period. Finally, BNP Paribas lifted its stake in 3M by 219.5% during the fourth quarter. BNP Paribas now owns 25,718 shares of the conglomerate's stock worth $4,118,000 after purchasing an additional 17,669 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on MMM. Morgan Stanley increased their price target on 3M from $160.00 to $165.00 and gave the company an "equal weight" rating in a report on Wednesday, January 21st. UBS Group reissued a "buy" rating on shares of 3M in a research note on Friday, March 13th. Weiss Ratings cut 3M from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, February 4th. Mizuho set a $160.00 target price on 3M in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company reduced their price target on 3M from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Wednesday. Four equities 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 company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $172.64.

Insider Activity at 3M

In other news, CAO Theresa E. Reinseth sold 5,145 shares of 3M stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total value of $888,798.75. Following the completion of the sale, the chief accounting officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

About Senator Smith

Tina Smith (Democratic Party) is a member of the U.S. Senate from Minnesota. She assumed office on January 3, 2018. Her current term ends on January 3, 2027. Smith (Democratic Party) ran for re-election to the U.S. Senate to represent Minnesota. She won in the general election on November 3, 2020. Smith succeeded former Senator Al Franken (D). She assumed office on January 3, 2018. Smith won a full term in the special general election for the position on November 6, 2018. She defeated Karin Housley (R), Sarah Wellington (Legal Marijuana Now Party), and Jerry Trooien (Unaffiliated) to win the seat. She advanced to the general election after defeating five challengers in the special Democratic primary election on August 14, 2018. Smith previously served as the 48th lieutenant governor of Minnesota. She was elected to the position on a joint ticket with incumbent Governor Mark Dayton on November 4, 2014, and was sworn into office on January 5, 2015.

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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