Baird Financial Group Inc. Sells 44,566 Shares of 3M Company $MMM

Key Points

• Baird Financial Group reduced its 3M stake by 23.5%, selling 44,566 shares and retaining 145,463 shares valued at approximately $23.6 million. Institutional investors collectively own 65.25% of 3M.
• 3M reported quarterly EPS of $2.40, beating estimates by $0.15, while revenue rose 2.5% year over year to $6.50 billion. The company issued fiscal 2026 EPS guidance of $8.80–$8.95.
• 3M pays a quarterly dividend of $0.78 per share, representing a $3.12 annualized payout and a 1.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $177.21.

Baird Financial Group Inc. lessened its holdings in shares of 3M Company (NYSE:MMM - Free Report) by 23.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,463 shares of the conglomerate's stock after selling 44,566 shares during the period. Baird Financial Group Inc.'s holdings in 3M were worth $23,552,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in 3M by 26.6% in the 4th quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate's stock valued at $1,149,000 after acquiring an additional 1,872 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of 3M by 10.2% in the 4th quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate's stock worth $355,000 after purchasing an additional 255 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of 3M by 11.4% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate's stock valued at $3,289,000 after acquiring an additional 2,203 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of 3M in the second quarter worth approximately $61,000. Finally, Morse Asset Management Inc raised its holdings in shares of 3M by 1.8% during the second quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate's stock valued at $1,568,000 after purchasing an additional 185 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at 3M

In other news, insider Karin Chavez sold 3,635 shares of 3M stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the transaction, the insider owned 14,035 shares of the company's stock, valued at $2,561,527.85. The trade was a 20.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.19% of the company's stock.

3M Price Performance

3M stock opened at $164.83 on Friday. 3M Company has a 52-week low of $139.34 and a 52-week high of $184.90. 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 firm's fifty day moving average is $172.02 and its 200 day moving average is $159.30. The company has a market cap of $85.00 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.14 and a beta of 1.01.

3M (NYSE:MMM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 115.87% and a net margin of 11.90%.The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $2.16 EPS. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Sell-side analysts forecast that 3M Company will post 8.96 EPS for the current fiscal year.

3M Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on MMM shares. Wolfe Research restated an "outperform" rating on shares of 3M in a report on Thursday, July 9th. Citigroup raised their target price on 3M from $166.00 to $183.00 and gave the stock a "neutral" rating in a report on Wednesday, July 22nd. Sanford C. Bernstein boosted their price target on 3M from $140.00 to $145.00 and gave the company an "underperform" rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $192.00 price objective on shares of 3M in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. raised shares of 3M from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $178.00 to $180.00 in a report on Friday, July 17th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $177.21.

3M Company Profile

3M Company is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it initially supplied abrasives and other materials before expanding into a broad range of science-based products and technologies.

The company develops products for industrial, transportation, electronics, safety and consumer markets. Its offerings include personal protective equipment, industrial adhesives and tapes, abrasives, filtration products, electrical materials, automotive solutions, medical and dental products, and consumer brands such as Post-it Notes and Scotch products.

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