3M Company $MMM Shares Bought by CX Institutional

Key Points

• CX Institutional increased its 3M holdings by 1,069.4% in the third quarter, acquiring 51,011 additional shares for a total position of 55,781 shares valued at approximately $9.16 million.
• 3M reported quarterly EPS of $2.40, exceeding estimates of $2.25, while revenue rose 2.5% year over year to $6.50 billion. The company maintained its FY 2026 EPS guidance of $8.80–$8.95 and pays a quarterly dividend of $0.78 per share.
• MMM shares recently traded at $161.76, below the analyst consensus target of $181.36; overall analyst sentiment remains “Hold,” with seven Buy, seven Hold, and one Sell rating.

CX Institutional grew its holdings in 3M Company (NYSE:MMM - Free Report) by 1,069.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,781 shares of the conglomerate's stock after acquiring an additional 51,011 shares during the quarter. CX Institutional's holdings in 3M were worth $9,156,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Commonwealth Retirement Investments LLC acquired a new position in shares of 3M during the 4th quarter worth approximately $28,000. Security National Bank of SO Dak bought a new stake in shares of 3M in the second quarter valued at approximately $32,000. Compass Financial Management LLC bought a new stake in shares of 3M in the second quarter valued at approximately $38,000. Cornerstone Planning Group LLC grew its position in 3M by 32.1% during the first quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate's stock worth $42,000 after buying an additional 71 shares in the last quarter. Finally, West Paces Advisors Inc. bought a new position in 3M during the 2nd quarter worth $49,000. 65.25% of the stock is owned by institutional investors.

Insider Transactions at 3M

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

3M Price Performance

Shares of MMM stock traded down $1.26 on Friday, reaching $161.76. The company had a trading volume of 3,026,154 shares, compared to its average volume of 3,723,119. The business's 50-day moving average is $173.51 and its 200 day moving average is $160.04. 3M Company has a one year low of $139.34 and a one year high of $184.90. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $83.42 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99.

3M (NYSE:MMM - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $6.40 billion. During the same period in the prior year, the company earned $2.16 EPS. The firm's quarterly 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. Equities research analysts forecast that 3M Company will post 8.97 EPS for the current fiscal year.

3M Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MMM shares. Jefferies Financial Group lifted their price objective on 3M from $170.00 to $175.00 and gave the company a "hold" rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft boosted their price target on 3M from $192.00 to $194.00 and gave the company a "hold" rating in a research note on Wednesday. Weiss Ratings raised shares of 3M from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 31st. JPMorgan Chase & Co. upgraded shares of 3M from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $178.00 to $180.00 in a research note on Friday, July 17th. Finally, Mizuho boosted their target price on shares of 3M from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, 3M currently has an average rating of "Hold" and a consensus target price of $181.36.

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.

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