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

Key Points

• Representative Julie Johnson sold shares of 3M Company (NYSE:MMM) worth between $1,001 and $15,000 on August 14th, as disclosed in a filing on September 11th.
• 3M's stock is currently trading at $157.93, having decreased by 1.0%, with an average target price among analysts of $161.78.
• The company declared a quarterly dividend of $0.73 per share, providing a 1.8% dividend yield to stockholders of record as of August 25th.

Representative Julie Johnson (D-Texas) recently sold shares of 3M Company NYSE: MMM. In a filing disclosed on September 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in 3M stock on August 14th. 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 McDonald's NYSE: MCD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 8/14/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 8/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 8/14/2025.

3M Trading Up 0.2%

Shares of NYSE:MMM traded up $0.24 during trading on Friday, reaching $155.64. 985,210 shares of the stock were exchanged, compared to its average volume of 3,698,263. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.20 and a current ratio of 1.72. 3M Company has a 12-month low of $121.98 and a 12-month high of $164.15. The firm has a market cap of $82.90 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.82 and a beta of 1.04. The firm's 50-day moving average price is $154.14 and its 200 day moving average price is $148.09.

3M (NYSE:MMM - Get Free Report) last issued its earnings results on Friday, July 18th. The conglomerate reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.15. 3M had a return on equity of 96.48% and a net margin of 16.01%.The business had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.09 billion. During the same quarter in the previous year, the business earned $1.93 EPS. The company's revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that 3M Company will post 7.8 earnings per share for the current fiscal year.

3M Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, August 25th were issued a dividend of $0.73 per share. The ex-dividend date was Monday, August 25th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.9%. 3M's payout ratio is presently 40.61%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. REAP Financial Group LLC grew its stake in shares of 3M by 88.7% in 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 in the last quarter. Pinney & Scofield Inc. bought a new position in shares of 3M in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of 3M in the first quarter worth $28,000. WPG Advisers LLC bought a new position in shares of 3M in the first quarter worth $28,000. Finally, GFG Capital LLC bought a new position in shares of 3M in the second quarter worth $28,000. Institutional investors own 65.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MMM. Weiss Ratings reiterated a "hold (c+)" rating on shares of 3M in a report on Saturday, September 13th. Barclays set a $170.00 price target on 3M in a report on Friday, July 18th. Wells Fargo & Company restated an "overweight" rating on shares of 3M in a report on Friday, July 18th. JPMorgan Chase & Co. set a $167.00 price target on 3M in a report on Friday, July 18th. Finally, Citigroup upped their price target on 3M from $141.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $161.78.

Insider Activity

In related news, insider Christian T. Goralski, Jr. sold 6,165 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $150.18, for a total transaction of $925,859.70. Following the completion of the transaction, the insider owned 2,900 shares of the company's stock, valued at $435,522. This trade represents a 68.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Theresa E. Reinseth sold 3,477 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $150.63, for a total value of $523,740.51. Following the transaction, the chief accounting officer directly owned 2,561 shares of the company's stock, valued at $385,763.43. This represents a 57.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.34% 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

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.