3M Company $MMM Shares Newly Acquired by B.A. Schrock Wealth Management Inc.

Key Points

• B.A. Schrock Wealth Management acquired 10,855 shares of 3M during the third quarter, valued at approximately $1.77 million. Institutional investors and hedge funds collectively own 65.25% of 3M’s outstanding stock.
• 3M reported quarterly adjusted earnings of $2.40 per share, exceeding estimates of $2.25, while revenue reached $6.50 billion and increased 2.5% year over year. The company reaffirmed fiscal 2026 EPS guidance of $8.80–$8.95.
• 3M pays a quarterly dividend of $0.78, or $3.12 annually, representing a 1.9% yield. Analysts have a consensus rating of “Hold” and an average price target of $181.71.

B.A. Schrock Wealth Management Inc. acquired a new position in 3M Company (NYSE:MMM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,855 shares of the conglomerate's stock, valued at approximately $1,770,000.

Several other institutional investors have also modified their holdings of MMM. SG Americas Securities LLC boosted its position in shares of 3M by 653.6% during the 1st quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate's stock valued at $344,178,000 after purchasing an additional 2,055,419 shares in the last quarter. Amundi lifted its position in shares of 3M by 67.0% during the 2nd quarter. Amundi now owns 4,536,148 shares of the conglomerate's stock valued at $734,448,000 after acquiring an additional 1,819,178 shares during the last quarter. Ascentis Wealth Management LLC boosted its stake in shares of 3M by 22,972.5% during the 2nd quarter. Ascentis Wealth Management LLC now owns 347,472 shares of the conglomerate's stock worth $56,259,000 after acquiring an additional 345,966 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 3M by 7.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,935,534 shares of the conglomerate's stock worth $637,202,000 after purchasing an additional 270,458 shares during the period. Finally, Nykredit A S purchased a new stake in shares of 3M during the second quarter valued at $21,453,000. Institutional investors and hedge funds own 65.25% of the company's stock.

3M Price Performance

Shares of NYSE:MMM opened at $164.09 on Thursday. The company has a market cap of $84.63 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.27 and a beta of 0.99. The business has a 50 day moving average price of $170.66 and a 200 day moving average price of $161.09. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. 3M Company has a twelve month low of $139.34 and a twelve month 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 EPS for the quarter, beating analysts' consensus estimates 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%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Research analysts predict that 3M Company will post 8.97 earnings per share for the current year.

3M Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were paid a $0.78 dividend. The ex-dividend date of this dividend 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 presently 55.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MMM shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of 3M in a research note on Wednesday, July 22nd. Sanford C. Bernstein upgraded 3M from an "underperform" rating to a "market perform" rating and raised their price objective for the stock from $145.00 to $171.00 in a research report on Friday, September 25th. Deutsche Bank Aktiengesellschaft lifted their target price on 3M from $192.00 to $194.00 and gave the company a "hold" rating in a research note on Wednesday, September 30th. JPMorgan Chase & Co. dropped their target price on 3M from $205.00 to $185.00 and set an "overweight" rating on the stock in a report on Friday, October 9th. Finally, Wolfe Research reissued an "outperform" rating on shares of 3M in a research report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, 3M presently has an average rating of "Hold" and an average price target of $181.71.

Insider Transactions at 3M

In other news, insider Karin Chavez sold 3,635 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $2,561,527.85. This represents a 20.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is owned by company insiders.

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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