3M Company $MMM Stock Purchased by Quintet Private Bank Europe S.A.

Key Points

• Quintet Private Bank Europe S.A. more than doubled its 3M stake in the third quarter, increasing holdings by 113.7% to 12,820 shares valued at approximately $2.1 million. Institutional investors and hedge funds collectively own 65.25% of 3M.
• 3M reported quarterly earnings of $2.40 per share, exceeding the $2.25 consensus estimate, while revenue reached $6.50 billion and grew 2.5% year over year. The company maintained fiscal 2026 EPS guidance of $8.80–$8.95.
• Shares recently traded around $162.26, while analysts’ consensus rating remained “Hold” with an average price target of $181.36. 3M also announced a quarterly dividend of $0.78 per share, equivalent to a 1.9% annualized yield.

Quintet Private Bank Europe S.A. raised its holdings in 3M Company (NYSE:MMM - Free Report) by 113.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,820 shares of the conglomerate's stock after acquiring an additional 6,820 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in 3M were worth $2,104,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its stake in shares of 3M by 0.4% during the 2nd quarter. State Street Corp now owns 27,828,966 shares of the conglomerate's stock worth $4,505,788,000 after acquiring an additional 105,222 shares in the last quarter. Amundi raised its holdings in 3M by 67.0% during the second quarter. Amundi now owns 4,536,148 shares of the conglomerate's stock worth $734,448,000 after purchasing an additional 1,819,178 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 in the last quarter. SG Americas Securities LLC grew its holdings in 3M by 653.6% in the first 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 during the last quarter. Finally, National Pension Service raised its stake in shares of 3M by 3.6% during the 2nd quarter. National Pension Service now owns 1,401,543 shares of the conglomerate's stock worth $226,924,000 after buying an additional 48,167 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $182.51, for a total transaction of $663,423.85. Following the completion of the sale, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.

3M Trading Up 0.1%

MMM stock traded up $0.14 during midday trading on Thursday, hitting $162.26. The stock had a trading volume of 836,964 shares, compared to its average volume of 3,691,113. The firm has a market cap of $83.68 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 2.29 and a beta of 0.99. 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 Company has a 12-month low of $139.34 and a 12-month high of $184.90. The company's 50-day moving average price is $172.31 and its 200 day moving average price is $160.49.

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

3M Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were issued a $0.78 dividend. 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 dividend payout ratio (DPR) is presently 55.42%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MMM. Sanford C. Bernstein raised shares of 3M from an "underperform" rating to a "market perform" rating and increased their price objective for the company from $145.00 to $171.00 in a research note on Friday, September 25th. UBS Group upped their price target on shares of 3M from $190.00 to $218.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. The Goldman Sachs Group reissued a "buy" rating on shares of 3M in a research note on Wednesday, July 22nd. Weiss Ratings upgraded 3M from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 31st. Finally, Jefferies Financial Group raised their price target on 3M from $170.00 to $175.00 and gave the stock a "hold" rating in a research report on Monday, June 29th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, 3M has a consensus rating of "Hold" and an average price target of $181.36.

About 3M

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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