3M Company (NYSE:MMM) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• 3M has a consensus “Hold” rating from 15 analysts: seven rate it a buy, seven a hold, and one a sell. The average 12-month price target is $181.36, above the reported opening price of $163.22.
• Recent quarterly results exceeded expectations, with adjusted earnings of $2.40 per share versus the $2.25 consensus and revenue of $6.50 billion. 3M reported 2.5% year-over-year revenue growth and issued fiscal 2026 EPS guidance of $8.80–$8.95.
• Institutional investors own 65.25% of 3M, while an insider recently sold 3,635 shares. The company maintains a quarterly dividend of $0.78 per share, equivalent to an annualized $3.12 payout and a 1.9% yield.

Shares of 3M Company (NYSE:MMM - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $181.36.

A number of research analysts have recently commented on MMM shares. UBS Group raised their target price on 3M from $190.00 to $218.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company initiated coverage on 3M in a research note on Thursday, September 24th. They issued an "equal weight" rating and a $195.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on 3M from $192.00 to $194.00 and gave the stock a "hold" rating in a report on Wednesday, September 30th. Sanford C. Bernstein raised 3M from an "underperform" rating to a "market perform" rating and raised their price objective for the company from $145.00 to $171.00 in a research report on Friday, September 25th. Finally, Citigroup boosted their target price on shares of 3M from $166.00 to $183.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd.

Insider Buying and Selling

In other 3M news, insider Karin Chavez sold 3,635 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the sale, the insider owned 14,035 shares in the company, valued at approximately $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On 3M

Several large investors have recently made changes to their positions in MMM. Ferguson Wellman Capital Management Inc. increased its position in 3M by 1.9% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 10,941 shares of the conglomerate's stock valued at $1,796,000 after buying an additional 209 shares in the last quarter. CX Institutional raised its stake in 3M by 1,069.4% during the third quarter. CX Institutional now owns 55,781 shares of the conglomerate's stock valued at $9,156,000 after buying an additional 51,011 shares during the last quarter. Stonebridge Financial Group LLC boosted its holdings in 3M by 5.7% in the third quarter. Stonebridge Financial Group LLC now owns 1,883 shares of the conglomerate's stock worth $309,000 after acquiring an additional 101 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in 3M by 6.8% in the second quarter. QRG Capital Management Inc. now owns 74,039 shares of the conglomerate's stock worth $11,988,000 after acquiring an additional 4,738 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of 3M by 18.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 34,029 shares of the conglomerate's stock worth $5,510,000 after acquiring an additional 5,256 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

3M Price Performance

Shares of NYSE MMM opened at $163.22 on Tuesday. 3M has a 1 year low of $139.34 and a 1 year high of $184.90. The stock has a market capitalization of $84.17 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.26 and a beta of 0.99. The company's 50-day moving average is $173.00 and its 200 day moving average is $160.22. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91.

3M (NYSE:MMM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, topping the consensus estimate of $2.25 by $0.15. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a net margin of 11.90% and a return on equity of 115.87%. 3M's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, sell-side analysts expect that 3M will post 8.97 earnings per share for the current year.

3M Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $3.12 annualized dividend and a yield of 1.9%. 3M's payout ratio is presently 55.42%.

3M Company Profile

3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.

The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.