Handelsbanken Fonder AB Sells 25,126 Shares of 3M Company $MMM

Key Points

• Handelsbanken Fonder AB cut its 3M stake by 10.1%, selling 25,126 shares and retaining 223,903 shares valued at approximately $36.3 million. Institutional investors own 65.25% of the company.
• Analyst sentiment remains mixed, with eight Buy, five Hold, and two Sell ratings; the consensus rating is Hold with a target price of $177.21. 3M shares opened at $183.09, near their 52-week high.
• 3M exceeded quarterly expectations, reporting $2.40 in EPS versus the $2.25 consensus and $6.50 billion in revenue, up 2.5% year over year. The company issued fiscal 2026 EPS guidance of $8.80–$8.95.

Handelsbanken Fonder AB reduced its holdings in shares of 3M Company (NYSE:MMM - Free Report) by 10.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,903 shares of the conglomerate's stock after selling 25,126 shares during the quarter. Handelsbanken Fonder AB's holdings in 3M were worth $36,252,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MMM. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $192.00 price objective on shares of 3M in a research note on Wednesday, July 22nd. UBS Group raised their price target on shares of 3M from $190.00 to $218.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein increased their price objective on shares of 3M from $140.00 to $145.00 and gave the company an "underperform" rating in a research note on Wednesday, July 22nd. Citigroup lifted their target price on shares of 3M from $166.00 to $183.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada upped their target price on 3M from $123.00 to $132.00 and gave the company an "underperform" rating in a report on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $177.21.

3M Stock Performance

NYSE MMM opened at $183.09 on Wednesday. 3M Company has a 52-week low of $139.34 and a 52-week high of $184.90. The company has a 50-day simple moving average of $165.14 and a 200 day simple moving average of $157.60. 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 capitalization of $94.42 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01.

3M (NYSE:MMM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, topping 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 business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the firm posted $2.16 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, research analysts predict that 3M Company will post 8.96 EPS for the current year.

Insider Activity at 3M

In related news, insider Rodriguez Beatriz 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 sale, the insider owned 14,035 shares of the company's stock, valued at approximately $2,561,527.85. The trade was a 20.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company's stock.

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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