403,354 Shares in 3M Company $MMM Bought by PFA Pension Forsikringsaktieselskab

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position of 403,354 shares of 3M, worth about $65.0 million, representing roughly 0.08% of the company per its latest Form 13F filing.
• 3M beat quarterly EPS estimates ($2.14 vs. $1.98) while reporting $6.0B in revenue, set FY2026 guidance at 8.50–8.70 EPS, and raised its quarterly dividend to $0.78 (annualized yield ~2.2%).
• Analysts are mixed: the consensus rating is Hold with an average price target of about $171.17, reflecting a spread of Buy, Hold and Sell opinions.

PFA Pension Forsikringsaktieselskab bought a new position in shares of 3M Company (NYSE:MMM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 403,354 shares of the conglomerate's stock, valued at approximately $65,009,000. PFA Pension Forsikringsaktieselskab owned about 0.08% of 3M at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Horizon Investments LLC grew its position in 3M by 53.7% during the fourth quarter. Horizon Investments LLC now owns 18,994 shares of the conglomerate's stock valued at $3,041,000 after buying an additional 6,637 shares during the period. EQ Wealth Advisors LLC acquired a new stake in 3M during the fourth quarter valued at $40,000. SOL Capital Management CO acquired a new stake in 3M during the fourth quarter valued at $202,000. KTF Investments LLC acquired a new stake in 3M during the fourth quarter valued at $336,000. Finally, Citizens National Bank Trust Department grew its position in 3M by 5.1% during the fourth quarter. Citizens National Bank Trust Department now owns 4,754 shares of the conglomerate's stock valued at $761,000 after buying an additional 229 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analysts Set New Price Targets

MMM has been the topic of several analyst reports. Jefferies Financial Group raised their price target on shares of 3M from $160.00 to $170.00 and gave the company a "hold" rating in a research report on Tuesday, April 21st. Mizuho set a $160.00 price target on shares of 3M in a research report on Wednesday, January 21st. Royal Bank Of Canada dropped their price target on shares of 3M from $134.00 to $133.00 and set an "underperform" rating on the stock in a research report on Wednesday, April 22nd. Barclays dropped their price target on shares of 3M from $190.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 1st. Finally, Citigroup dropped their price target on shares of 3M from $175.00 to $166.00 and set a "neutral" rating on the stock in a research report on Monday, April 13th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $171.17.

Insiders Place Their Bets

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the business's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total transaction of $888,798.75. Following the transaction, the chief accounting officer directly owned 2,585 shares in the company, valued at approximately $446,558.75. The trade was a 66.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company's stock.

3M Stock Down 2.7%

Shares of NYSE MMM opened at $142.63 on Friday. The company's 50-day simple moving average is $150.90 and its 200-day simple moving average is $159.89. 3M Company has a 52-week low of $137.63 and a 52-week high of $177.41. The firm has a market cap of $74.39 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 2.06 and a beta of 1.03. The company has a quick ratio of 1.19, a current ratio of 1.59 and a debt-to-equity ratio of 3.29.

3M (NYSE:MMM - Get Free Report) last announced its earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.16. 3M had a net margin of 11.14% and a return on equity of 104.75%. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.04 billion. During the same quarter last year, the business earned $1.88 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Equities analysts predict that 3M Company will post 8.7 EPS for the current fiscal year.

3M Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 13th were given a dividend of $0.78 per share. The ex-dividend date was Friday, February 13th. This is a boost from 3M's previous quarterly dividend of $0.73. This represents a $3.12 dividend on an annualized basis and a yield of 2.2%. 3M's dividend payout ratio (DPR) is presently 60.12%.

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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