3M (NYSE:MMM) Stock Price Down 0%

3M (NYSE:MMM - Get Free Report) shares fell 0% on Friday . The stock traded as low as $89.54 and last traded at $90.53. 955,981 shares traded hands during trading, a decline of 85% from the average session volume of 6,189,785 shares. The stock had previously closed at $90.54.

Analyst Ratings Changes

Several brokerages have weighed in on MMM. Royal Bank of Canada cut their price target on 3M from $84.00 to $78.00 and set an "underperform" rating on the stock in a research report on Tuesday. Bank of America cut their price target on 3M from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday. Mizuho restated a "neutral" rating and issued a $105.00 price target on shares of 3M in a research note on Wednesday, March 27th. Barclays cut their price target on 3M from $126.00 to $107.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company cut their price target on 3M from $112.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, 3M currently has an average rating of "Hold" and an average target price of $104.10.

3M Trading Up 0.6 %

The firm has a market capitalization of $50.38 billion, a price-to-earnings ratio of -7.21, a PEG ratio of 1.37 and a beta of 1.02. The company has a fifty day moving average price of $96.26 and a two-hundred day moving average price of $97.47. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 2.69.

3M (NYSE:MMM - Get Free Report) last issued its earnings results on Tuesday, January 23rd. The conglomerate reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.11. The business had revenue of $8.01 billion for the quarter, compared to analysts' expectations of $7.69 billion. 3M had a positive return on equity of 62.45% and a negative net margin of 21.40%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 EPS. As a group, research analysts forecast that 3M will post 9.37 earnings per share for the current fiscal year.

3M Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Friday, February 16th were issued a $1.51 dividend. The ex-dividend date was Thursday, February 15th. This is a boost from 3M's previous quarterly dividend of $1.50. This represents a $6.04 dividend on an annualized basis and a yield of 6.63%. 3M's dividend payout ratio is currently -47.82%.

Insider Activity at 3M

In related news, insider Rodriguez Beatriz Karin Chavez sold 426 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $92.32, for a total value of $39,328.32. Following the transaction, the insider now directly owns 3,966 shares in the company, valued at $366,141.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Fragasso Group Inc. increased its holdings in 3M by 3.8% in the third quarter. Fragasso Group Inc. now owns 2,556 shares of the conglomerate's stock valued at $239,000 after buying an additional 93 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of 3M by 1.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 7,941 shares of the conglomerate's stock worth $1,182,000 after purchasing an additional 98 shares in the last quarter. McIlrath & Eck LLC increased its stake in shares of 3M by 13.3% during the 4th quarter. McIlrath & Eck LLC now owns 836 shares of the conglomerate's stock worth $100,000 after purchasing an additional 98 shares in the last quarter. Vestcor Inc increased its stake in shares of 3M by 0.8% during the 4th quarter. Vestcor Inc now owns 13,133 shares of the conglomerate's stock worth $1,575,000 after purchasing an additional 102 shares in the last quarter. Finally, Bollard Group LLC increased its stake in shares of 3M by 2.0% during the 2nd quarter. Bollard Group LLC now owns 5,191 shares of the conglomerate's stock worth $520,000 after purchasing an additional 103 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

3M Company Profile

3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.