Rep. Julie Johnson Buys 3M (NYSE:MMM) Shares

Representative Julie Johnson (D-Texas) recently bought shares of 3M NYSE: MMM. In a filing disclosed on May 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in 3M stock on April 11th. 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 Fidelity National Information Services NYSE: FIS on 4/30/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 4/22/2025.
• 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 United Parcel Service NYSE: UPS on 4/15/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/11/2025.
• Sold $1,001 - $15,000 in shares of DT Midstream NYSE: DTM on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Howmet Aerospace NYSE: HWM on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Carlisle Companies NYSE: CSL on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Blue Bird NASDAQ: BLBD on 4/7/2025.

3M Stock Performance

MMM stock traded down $1.68 on Wednesday, hitting $152.47. The company had a trading volume of 657,447 shares, compared to its average volume of 4,114,533. 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 12-month low of $96.76 and a 12-month high of $156.35. The stock has a market cap of $82.06 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 3.30 and a beta of 1.02. The stock's 50-day simple moving average is $141.84 and its 200 day simple moving average is $139.76.

3M (NYSE:MMM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.11. 3M had a return on equity of 100.77% and a net margin of 15.71%. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.78 billion. As a group, equities research analysts expect that 3M will post 7.8 earnings per share for the current fiscal year.

3M Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.92%. 3M's dividend payout ratio (DPR) is 36.87%.

Institutional Investors Weigh In On 3M

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Life Planners purchased a new stake in 3M in the 4th quarter worth about $25,000. Proficio Capital Partners LLC bought a new position in 3M in the 4th quarter valued at $26,000. REAP Financial Group LLC lifted its position in shares of 3M by 88.7% during the fourth quarter. REAP Financial Group LLC now owns 200 shares of the conglomerate's stock worth $26,000 after purchasing an additional 94 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of 3M during the fourth quarter valued at $27,000. Finally, Pinney & Scofield Inc. bought a new position in shares of 3M in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Insider Activity at 3M

In other news, EVP Zoe L. Dickson sold 7,915 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 6,127 shares of the company's stock, valued at approximately $913,045.54. This represents a 56.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MMM has been the topic of several recent research reports. Barclays increased their price objective on shares of 3M from $160.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company raised shares of 3M from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $140.00 to $170.00 in a research report on Wednesday, January 22nd. Citigroup reduced their price objective on 3M from $152.00 to $142.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Bank of America increased their price objective on shares of 3M from $175.00 to $179.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lifted their target price on 3M from $140.00 to $167.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.08.

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.