Representative Julie Johnson (D-Texas) recently bought shares of 3M Company NYSE: MMM. In a filing disclosed on July 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in 3M stock on June 18th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.
Representative Julie Johnson also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Palantir Technologies NASDAQ: PLTR on 6/30/2025.
- Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 6/13/2025.
- Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 5/2/2025.
- Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/30/2025.
- Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/22/2025.
- Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 4/22/2025.
- Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/15/2025.
3M Stock Down 3.3%
MMM stock traded down $5.23 during trading on Friday, hitting $153.81. 11,699,665 shares of the company's stock traded hands, compared to its average volume of 3,841,190. The firm has a market capitalization of $82.78 billion, a P/E ratio of 21.39, a PEG ratio of 2.98 and a beta of 1.02. 3M Company has a 1 year low of $101.77 and a 1 year high of $164.15. The company has a quick ratio of 1.25, a current ratio of 1.66 and a debt-to-equity ratio of 2.72. The business has a fifty day simple moving average of $149.91 and a two-hundred day simple moving average of $145.43.
3M (NYSE:MMM - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The conglomerate reported $2.16 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.15. The company had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.09 billion. 3M had a return on equity of 96.19% and a net margin of 17.79%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 EPS. Sell-side analysts anticipate that 3M Company will post 7.8 EPS for the current year.
3M Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.90%. 3M's dividend payout ratio is 36.87%.
Hedge Funds Weigh In On 3M
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. lifted its holdings in 3M by 312.6% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 2,661 shares of the conglomerate's stock worth $405,000 after buying an additional 2,016 shares in the last quarter. Hanson & Doremus Investment Management increased its position in shares of 3M by 15.9% during the second quarter. Hanson & Doremus Investment Management now owns 1,461 shares of the conglomerate's stock worth $222,000 after acquiring an additional 200 shares during the last quarter. Stockman Wealth Management Inc. acquired a new position in shares of 3M in the second quarter worth about $227,000. ST Germain D J Co. Inc. lifted its stake in shares of 3M by 14.5% in the second quarter. ST Germain D J Co. Inc. now owns 11,419 shares of the conglomerate's stock worth $1,738,000 after acquiring an additional 1,450 shares in the last quarter. Finally, Wealth Group Ltd boosted its holdings in 3M by 4.9% in the second quarter. Wealth Group Ltd now owns 2,153 shares of the conglomerate's stock valued at $328,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.
Insider Buying and Selling
In related news, EVP John Patrick Banovetz sold 7,759 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $148.37, for a total value of $1,151,202.83. Following the sale, the executive vice president directly owned 31,372 shares of the company's stock, valued at $4,654,663.64. This represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Zoe L. Dickson sold 7,915 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.02, for a total transaction of $1,179,493.30. Following the completion of the sale, the executive vice president directly owned 6,127 shares of the company's stock, valued at $913,045.54. The trade was a 56.37% decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts have issued reports on MMM shares. Barclays set a $170.00 target price on shares of 3M in a research note on Friday. JPMorgan Chase & Co. set a $167.00 target price on shares of 3M in a research note on Friday. Citigroup boosted their target price on 3M from $141.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of 3M in a report on Friday. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of 3M in a research note on Saturday, July 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $156.33.
Check Out Our Latest Research Report on 3M
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.
3M Company Profile
(
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.
Further Reading
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