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

Key Points

• 3M has updated its FY 2025 earnings per share guidance to $7.950-$8.05, slightly above the consensus estimate of $7.930.
• Equities analysts remain optimistic, with several firms increasing their price targets for 3M's stock, with the current average target price at $169.00 and a consensus rating of "Moderate Buy".
• The company announced its latest quarterly dividend of $0.73, yielding approximately 1.9%, and has a payout ratio of 40.61%.

3M (NYSE:MMM - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 7.950-8.05 for the period, compared to the consensus earnings per share estimate of 7.930. The company issued revenue guidance of -, compared to the consensus revenue estimate of $24.2 billion.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price target on 3M from $177.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Barclays set a $170.00 price target on 3M in a report on Friday, July 18th. Wells Fargo & Company upped their target price on 3M from $170.00 to $176.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. JPMorgan Chase & Co. upped their target price on 3M from $175.00 to $178.00 and gave the company an "overweight" rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of 3M in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $169.00.

3M Price Performance

MMM stock opened at $154.84 on Tuesday. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.20 and a current ratio of 1.72. 3M has a 1 year low of $121.98 and a 1 year high of $164.15. The firm has a market cap of $82.47 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 2.52 and a beta of 1.05. The stock has a 50-day simple moving average of $155.01 and a 200-day simple moving average of $149.07.

3M (NYSE:MMM - Get Free Report) last posted its earnings results on Tuesday, February 21st. The conglomerate reported $2.45 earnings per share (EPS) for the quarter. 3M had a return on equity of 96.48% and a net margin of 16.01%.The business had revenue of $8.38 billion during the quarter. On average, equities analysts predict that 3M will post 7.8 earnings per share for the current fiscal year.

3M Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, August 25th were issued a $0.73 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.92 dividend on an annualized basis and a yield of 1.9%. 3M's dividend payout ratio is currently 40.61%.

Insider Transactions at 3M

In related news, CAO Theresa E. Reinseth sold 3,477 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $150.63, for a total value 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 approximately $385,763.43. This represents a 57.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christian T. Goralski, Jr. sold 6,165 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $150.18, for a total value of $925,859.70. Following the completion of the transaction, the insider directly owned 2,900 shares of the company's stock, valued at $435,522. This represents a 68.01% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

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

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