Representative Julie Johnson (D-Texas) recently bought shares of 3M NYSE: MMM. In a filing disclosed on April 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in 3M stock on March 12th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.
Representative Julie Johnson also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 3/21/2025.
- Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/19/2025.
- Purchased $1,001 - $15,000 in shares of The Cigna Group NYSE: CI on 3/19/2025.
- Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/14/2025.
- Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/12/2025.
- Sold $1,001 - $15,000 in shares of Webster Financial NYSE: WBS on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Sonos NASDAQ: SONO on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Teradyne NASDAQ: TER on 3/3/2025.
- Sold $1,001 - $15,000 in shares of Zoetis NYSE: ZTS on 3/3/2025.
3M Stock Performance
MMM traded down $3.59 on Monday, hitting $126.63. 1,654,856 shares of the stock traded hands, compared to its average volume of 4,321,944. The business has a fifty day moving average price of $144.53 and a two-hundred day moving average price of $138.26. The company has a current ratio of 1.41, a quick ratio of 1.08 and a debt-to-equity ratio of 2.86. 3M has a 52 week low of $90.65 and a 52 week high of $156.35. The firm has a market capitalization of $68.29 billion, a PE ratio of 16.77, a P/E/G ratio of 3.30 and a beta of 1.01.
3M (NYSE:MMM - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The conglomerate reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.02. 3M had a net margin of 15.71% and a return on equity of 100.77%. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the previous year, the business earned $2.42 earnings per share. The company's revenue for the quarter was down 25.0% compared to the same quarter last year. On average, research analysts predict that 3M will post 7.8 EPS for the current fiscal year.
3M Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 14th were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from 3M's previous quarterly dividend of $0.70. 3M's dividend payout ratio (DPR) is presently 38.68%.
Insiders Place Their Bets
In related news, insider Christian T. Goralski, Jr. sold 6,318 shares of the firm's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $149.43, for a total value of $944,098.74. Following the completion of the sale, the insider now directly owns 5,024 shares in the company, valued at approximately $750,736.32. This trade represents a 55.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kevin H. Rhodes sold 6,743 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $149.85, for a total value of $1,010,438.55. Following the completion of the sale, the executive vice president now owns 4,902 shares in the company, valued at approximately $734,564.70. This trade represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,639 shares of company stock valued at $17,163,446 in the last three months. 0.48% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
MMM has been the topic of several research analyst reports. Barclays decreased their target price on 3M from $165.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Royal Bank of Canada reiterated an "underperform" rating and set a $96.00 target price on shares of 3M in a research report on Thursday, February 27th. Weiss Ratings reissued a "hold (c+)" rating on shares of 3M in a report on Tuesday, April 8th. Wells Fargo & Company raised 3M from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $140.00 to $170.00 in a report on Wednesday, January 22nd. Finally, Bank of America lifted their target price on 3M from $175.00 to $179.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.47.
View Our Latest Analysis on 3M
Institutional Investors Weigh In On 3M
Several large investors have recently bought and sold shares of MMM. Financial Life Planners acquired a new position in 3M in the fourth quarter valued at about $25,000. Proficio Capital Partners LLC acquired a new position in shares of 3M in the fourth quarter valued at approximately $26,000. REAP Financial Group LLC increased its holdings in 3M by 88.7% during the 4th quarter. REAP Financial Group LLC now owns 200 shares of the conglomerate's stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in 3M in the 4th quarter valued at approximately $27,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of 3M in the fourth quarter worth $28,000. Institutional investors own 65.25% of the company's stock.
About Representative Johnson
Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024.
Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.
About 3M
(
Get Free Report)
3M Company provides diversified technology services in the United States and internationally. The company's 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.
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