3M (NYSE:MMM) Stock Acquired Rep. Julie Johnson

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 Performance

NYSE MMM traded down $1.56 on Tuesday, hitting $151.27. 4,927,693 shares of the company's stock traded hands, compared to its average volume of 3,855,568. The company has a current ratio of 1.72, a quick ratio of 1.20 and a debt-to-equity ratio of 2.87. 3M Company has a 1-year low of $101.77 and a 1-year high of $164.15. The firm's 50-day moving average price is $149.91 and its two-hundred day moving average price is $145.65. The firm has a market capitalization of $80.57 billion, a PE ratio of 21.04, a P/E/G ratio of 2.91 and a beta of 1.02.

3M (NYSE:MMM - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The conglomerate reported $2.16 EPS for the quarter, beating the consensus estimate of $2.01 by $0.15. 3M had a net margin of 16.01% and a return on equity of 96.48%. The business had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.09 billion. During the same period in the previous year, the business posted $1.93 EPS. The business's quarterly revenue was up 1.4% compared to the same quarter last year. As a group, analysts expect that 3M Company will post 7.8 EPS for the current year.

3M Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.93%. 3M's payout ratio is 40.61%.

Institutional Trading of 3M

Hedge funds have recently added to or reduced their stakes in the company. REAP Financial Group LLC boosted its stake in 3M by 88.7% in the fourth quarter. REAP Financial Group LLC now owns 200 shares of the conglomerate's stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of 3M in the 4th quarter valued at $27,000. Pinney & Scofield Inc. acquired a new position in shares of 3M in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of 3M in the 1st quarter valued at $28,000. Finally, WPG Advisers LLC acquired a new position in shares of 3M in the 1st quarter valued at $28,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Insiders Place Their Bets

In other 3M news, EVP Zoe L. Dickson sold 7,915 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $149.02, for a total value of $1,179,493.30. Following the transaction, the executive vice president directly owned 6,127 shares of the company's stock, valued at approximately $913,045.54. The trade was a 56.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Patrick Banovetz sold 7,759 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $148.37, for a total transaction of $1,151,202.83. Following the completion of the transaction, the executive vice president directly owned 31,372 shares in the company, valued at $4,654,663.64. This represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on MMM. Royal Bank Of Canada boosted their target price on shares of 3M from $98.00 to $100.00 and gave the company an "underperform" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. set a $167.00 target price on shares of 3M in a research note on Friday. Barclays set a $170.00 target price on shares of 3M in a research note on Friday. Wells Fargo & Company restated an "overweight" rating on shares of 3M in a research report on Friday. Finally, Citigroup upped their price objective on shares of 3M from $141.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $156.33.

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

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.