Catalyst Funds Management Pty Ltd Increases Stake in 3M Company $MMM

Key Points

• Catalyst Funds Management increased its stake in 3M by 260.4% in the fourth quarter, buying 12,500 additional shares and ending with 17,300 shares worth about $2.77 million.
• 3M reported better-than-expected earnings of $2.14 per share, though revenue slightly missed estimates at $6.0 billion; the company also raised/confirmed FY2026 guidance at 8.5–8.7 EPS.
• The company declared a quarterly dividend of $0.78 per share, which annualizes to $3.12 and yields about 2.0%; analysts currently have a consensus rating of Hold with an average target price of $171.17.

Catalyst Funds Management Pty Ltd boosted its position in shares of 3M Company (NYSE:MMM - Free Report) by 260.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,300 shares of the conglomerate's stock after acquiring an additional 12,500 shares during the period. 3M comprises 0.6% of Catalyst Funds Management Pty Ltd's investment portfolio, making the stock its 29th biggest holding. Catalyst Funds Management Pty Ltd's holdings in 3M were worth $2,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walter & Keenan Wealth Management LLC IN ADV grew its position in shares of 3M by 1.0% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,045 shares of the conglomerate's stock valued at $938,000 after buying an additional 61 shares during the last quarter. Harbor Investment Advisory LLC grew its position in shares of 3M by 4.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,802 shares of the conglomerate's stock valued at $288,000 after buying an additional 72 shares during the last quarter. Morse Asset Management Inc grew its position in shares of 3M by 0.7% in the 4th quarter. Morse Asset Management Inc now owns 10,713 shares of the conglomerate's stock valued at $1,715,000 after buying an additional 75 shares during the last quarter. BlueStem Wealth Partners LLC grew its position in shares of 3M by 1.8% in the 3rd quarter. BlueStem Wealth Partners LLC now owns 4,264 shares of the conglomerate's stock valued at $662,000 after buying an additional 77 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its position in shares of 3M by 0.8% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 10,711 shares of the conglomerate's stock valued at $1,715,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analyst Weigh In

MMM has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their target price 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of 3M from $181.00 to $171.00 and set a "hold" rating on the stock in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their target price on shares of 3M from $182.00 to $178.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 22nd. Barclays decreased their price target on shares of 3M from $190.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 1st. Finally, HSBC increased their price target on shares of 3M from $175.00 to $185.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, 3M currently has a consensus rating of "Hold" and an average target price of $171.17.

3M Stock Up 0.7%

Shares of NYSE:MMM opened at $152.69 on Friday. The stock has a market cap of $79.64 billion, a P/E ratio of 29.42, a P/E/G ratio of 2.20 and a beta of 1.03. The firm has a fifty day moving average price of $147.09 and a 200 day moving average price of $158.40. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.19. 3M Company has a 1-year low of $139.34 and a 1-year high of $177.41.

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

3M Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 2.0%. 3M's dividend payout ratio 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).

Want to see what other hedge funds are holding MMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 3M Company (NYSE:MMM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.