3M Company $MMM Stock: Curated Wealth Partners LLC Trims Position

Key Points

• Curated Wealth Partners LLC cut its 3M position by 98.6% in the third quarter, selling 135,527 shares and retaining 1,862 shares valued at approximately $306,000. Institutional investors collectively own 65.25% of 3M.
• 3M reported quarterly earnings of $2.40 per share, beating estimates of $2.25, while revenue rose 2.5% year over year to $6.50 billion. The company reaffirmed fiscal 2026 EPS guidance of $8.80–$8.95.
• 3M declared a quarterly dividend of $0.78 per share, representing an annualized payout of $3.12 and a 1.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $181.71.

Curated Wealth Partners LLC lowered its position in 3M Company (NYSE:MMM - Free Report) by 98.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,862 shares of the conglomerate's stock after selling 135,527 shares during the period. Curated Wealth Partners LLC's holdings in 3M were worth $306,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WealthPlan Investment Management LLC bought a new position in shares of 3M in the 3rd quarter worth about $200,000. Fort Washington Investment Advisors Inc. OH lifted its position in 3M by 1.2% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 376,784 shares of the conglomerate's stock valued at $61,849,000 after acquiring an additional 4,628 shares during the period. B.A. Schrock Wealth Management Inc. bought a new stake in 3M during the third quarter worth about $1,770,000. Howard Financial Services LTD. boosted its stake in 3M by 9.0% during the third quarter. Howard Financial Services LTD. now owns 1,483 shares of the conglomerate's stock worth $243,000 after acquiring an additional 122 shares in the last quarter. Finally, Ashurst Perkins Coie Trust Co grew its holdings in 3M by 34.8% in the third quarter. Ashurst Perkins Coie Trust Co now owns 418 shares of the conglomerate's stock worth $69,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.

Insider Activity at 3M

In related news, insider Karin Chavez sold 3,635 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total transaction of $663,423.85. Following the sale, the insider directly owned 14,035 shares of the company's stock, valued at $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

3M Trading Down 0.5%

Shares of NYSE MMM opened at $164.46 on Friday. The firm's 50 day moving average price is $169.98 and its 200-day moving average price is $161.27. 3M Company has a 52-week low of $139.34 and a 52-week high of $184.90. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24. The company has a market cap of $84.82 billion, a PE ratio of 29.21, a P/E/G ratio of 2.30 and a beta of 0.99.

3M (NYSE:MMM - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the firm earned $2.16 earnings per share. 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. On average, equities research analysts expect that 3M Company will post 8.97 EPS for the current fiscal year.

3M Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of 3M from $192.00 to $194.00 and gave the company a "hold" rating in a research note on Wednesday, September 30th. Citigroup lifted 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. Sanford C. Bernstein raised 3M from an "underperform" rating to a "market perform" rating and boosted their price target for the stock from $145.00 to $171.00 in a research report on Friday, September 25th. Mizuho boosted their price target on 3M from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Finally, Wolfe Research restated an "outperform" rating on shares of 3M in a research note on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $181.71.

3M Company Profile

3M is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it developed from a mining venture into a global enterprise known for applying materials science and engineering to a broad range of industrial, commercial and consumer applications.

The company develops and manufactures products including adhesives, abrasives, filtration systems, personal protective equipment, medical and dental supplies, electrical and electronic materials, automotive components, reflective materials and workplace safety solutions.

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