3M Company $MMM Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management cut its 3M position by 31.4% in the second quarter, selling 151,480 shares and retaining 330,679 shares valued at approximately $53.5 million. Institutional investors collectively own 65.25% of 3M.
• 3M reported quarterly earnings of $2.40 per share on $6.50 billion in revenue, exceeding analyst expectations, while revenue increased 2.5% year over year. The company maintained fiscal 2026 EPS guidance of $8.80–$8.95.
• 3M declared a quarterly dividend of $0.78 per share, equivalent to a 1.9% annual yield. Analysts have a consensus “Hold” rating and an average price target of $177.21.

Wellington Management Group LLP lowered its position in shares of 3M Company (NYSE:MMM - Free Report) by 31.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,679 shares of the conglomerate's stock after selling 151,480 shares during the period. Wellington Management Group LLP owned 0.06% of 3M worth $53,540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. American Trust lifted its position in shares of 3M by 3.4% during the 4th quarter. American Trust now owns 1,803 shares of the conglomerate's stock worth $289,000 after buying an additional 60 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV boosted its position in shares of 3M by 1.0% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,045 shares of the conglomerate's stock worth $938,000 after purchasing an additional 61 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of 3M by 32.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate's stock valued at $42,000 after acquiring an additional 71 shares during the period. Williams Jones Wealth Management LLC. increased its stake in 3M by 2.4% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 3,250 shares of the conglomerate's stock valued at $520,000 after purchasing an additional 75 shares in the last quarter. Finally, Rathbones Group PLC increased its holdings in 3M by 1.0% during the 1st quarter. Rathbones Group PLC now owns 7,809 shares of the conglomerate's stock valued at $1,134,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

3M Stock Down 0.4%

Shares of 3M stock opened at $168.13 on Friday. 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 business has a 50-day moving average price of $171.49 and a 200 day moving average price of $159.29. 3M Company has a fifty-two week low of $139.34 and a fifty-two week high of $184.90. The firm has a market cap of $86.71 billion, a P/E ratio of 29.86, a P/E/G ratio of 2.22 and a beta of 1.01.

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

3M Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup increased their target price on 3M from $166.00 to $183.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $192.00 price target on shares of 3M in a report on Wednesday, July 22nd. UBS Group boosted their price objective on shares of 3M from $190.00 to $218.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Mizuho increased their price objective 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. Finally, Wolfe Research reaffirmed an "outperform" rating on shares of 3M in a report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $177.21.

Insider Activity at 3M

In related news, insider Karin Chavez sold 3,635 shares of the 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 of the company's stock, valued at $2,561,527.85. This trade represents a 20.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company's stock.

3M Company Profile

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M's businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).

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