3M Company (NYSE:MMM) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus on 3M is “Hold”: Of 15 brokerages, eight rate the stock a buy, five a hold and two a sell. The average 12-month price target is approximately $177.21.
• 3M reported a quarterly earnings beat, with EPS of $2.40 versus the $2.25 consensus estimate and revenue of $6.50 billion, up 2.5% year over year. Management issued fiscal 2026 EPS guidance of $8.80–$8.95.
• The company declared a quarterly dividend of $0.78 per share, equivalent to $3.12 annually and a 1.9% yield. Institutional investors own 65.25% of 3M, while an insider recently reduced her holdings by 20.57% through a stock sale.

Shares of 3M Company (NYSE:MMM - Get Free Report) have received an average rating of "Hold" from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $177.2143.

A number of research analysts have recently weighed in on MMM shares. Citigroup increased their price target on 3M from $166.00 to $183.00 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Sanford C. Bernstein upped their price objective on 3M from $140.00 to $145.00 and gave the company an "underperform" rating in a report on Wednesday, July 22nd. Weiss Ratings raised 3M from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 31st. Royal Bank Of Canada raised their target price on 3M from $123.00 to $132.00 and gave the stock an "underperform" rating in a report on Wednesday, July 22nd. Finally, UBS Group increased their price target on shares of 3M from $190.00 to $218.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd.

Insider Activity at 3M

In related news, insider Karin Chavez sold 3,635 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the sale, the insider owned 14,035 shares in the company, valued at $2,561,527.85. This represents a 20.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On 3M

A number of hedge funds have recently modified their holdings of the business. North Star Asset Management Inc. bought a new stake in 3M during the 2nd quarter worth about $1,424,000. Engineers Gate Manager LP grew its holdings in shares of 3M by 74.0% in the 2nd quarter. Engineers Gate Manager LP now owns 287,652 shares of the conglomerate's stock valued at $46,574,000 after acquiring an additional 122,368 shares in the last quarter. Moore Capital Management LP bought a new position in shares of 3M in the 2nd quarter valued at about $7,948,000. Entropy Technologies LP acquired a new stake in shares of 3M in the first quarter valued at about $10,945,000. Finally, Catalyst Funds Management Pty Ltd increased its position in shares of 3M by 260.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 17,300 shares of the conglomerate's stock valued at $2,770,000 after acquiring an additional 12,500 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

3M Stock Down 0.9%

Shares of NYSE:MMM opened at $162.86 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91. The stock has a market cap of $83.99 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 2.16 and a beta of 1.01. The company has a 50 day moving average of $171.93 and a 200-day moving average of $159.26. 3M has a one year low of $139.34 and a one year high of $184.90.

3M (NYSE:MMM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.15. 3M had a net margin of 11.90% and a return on equity of 115.87%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the business posted $2.16 earnings per share. 3M's revenue was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, sell-side analysts forecast that 3M will post 8.96 earnings per share for the current year.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 24th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. 3M's payout ratio is 55.42%.

About 3M

3M Company is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it initially supplied abrasives and other materials before expanding into a broad range of science-based products and technologies.

The company develops products for industrial, transportation, electronics, safety and consumer markets. Its offerings include personal protective equipment, industrial adhesives and tapes, abrasives, filtration products, electrical materials, automotive solutions, medical and dental products, and consumer brands such as Post-it Notes and Scotch products.

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