Wealth Architects LLC Grows Stock Position in 3M Company $MMM

Key Points

• Wealth Architects LLC increased its 3M stake by 1,610.6% in the second quarter, bringing its holdings to 27,267 shares valued at approximately $4.4 million. Institutional investors collectively own 65.25% of MMM.
• Analyst sentiment remains mixed: eight analysts rate 3M a Buy, five rate it Hold and two rate it Sell. The stock has a consensus rating of “Hold” and an average price target of $177.21.
• 3M beat quarterly expectations with earnings of $2.40 per share versus a $2.25 estimate and revenue of $6.50 billion, up 2.5% year over year. Shares opened at $182.66, near their 52-week high of $184.90.

Wealth Architects LLC increased its stake in 3M Company (NYSE:MMM - Free Report) by 1,610.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,267 shares of the conglomerate's stock after acquiring an additional 25,673 shares during the period. Wealth Architects LLC's holdings in 3M were worth $4,415,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MMM. Commonwealth Retirement Investments LLC bought a new position in 3M during the 4th quarter worth approximately $28,000. EQ Wealth Advisors LLC bought a new stake in 3M in the fourth quarter valued at approximately $40,000. Cornerstone Planning Group LLC lifted its position in 3M by 32.1% in the first quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate's stock valued at $42,000 after purchasing an additional 71 shares during the last quarter. Sfam LLC purchased a new stake in shares of 3M during the fourth quarter valued at approximately $45,000. Finally, West Paces Advisors Inc. purchased a new stake in shares of 3M during the second quarter valued at approximately $49,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MMM shares. Wells Fargo & Company lifted their target price on shares of 3M from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 22nd. Citigroup increased their price target on shares of 3M from $166.00 to $183.00 and gave the company a "neutral" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. raised shares of 3M from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $178.00 to $180.00 in a report on Friday, July 17th. The Goldman Sachs Group restated a "buy" rating on shares of 3M in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $192.00 price objective on shares of 3M in a research note on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, 3M presently has a consensus rating of "Hold" and an average target price of $177.21.

3M Price Performance

Shares of MMM stock opened at $182.66 on Friday. The firm has a market cap of $94.20 billion, a P/E ratio of 32.44, a P/E/G ratio of 2.23 and a beta of 1.01. 3M Company has a fifty-two week low of $139.34 and a fifty-two week high of $184.90. The business's 50 day moving average price is $166.38 and its 200-day moving average price is $157.90. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24.

3M (NYSE:MMM - Get Free Report) last announced its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.15. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, equities research analysts anticipate that 3M Company will post 8.96 earnings per share for the current year.

Insider Transactions at 3M

In other 3M news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total transaction of $663,423.85. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company's stock.

About 3M

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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