Rep. Julie Johnson Sells Off Shares of 3M Company (NYSE:MMM)

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 Down 1.0%

Shares of NYSE MMM traded down $1.54 during midday trading on Friday, reaching $157.93. 2,865,088 shares of the stock were exchanged, compared to its average volume of 2,519,973. The company has a market capitalization of $84.12 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 2.87 and a beta of 1.04. 3M Company has a 12 month low of $121.98 and a 12 month high of $164.15. The business has a 50-day simple moving average of $154.05 and a two-hundred day simple moving average of $147.95. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.72 and a quick ratio of 1.20.

3M (NYSE:MMM - Get Free Report) last posted 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. The business had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.09 billion. 3M had a net margin of 16.01% and a return on equity of 96.48%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 EPS. As a group, equities research analysts expect that 3M Company will post 7.8 EPS for the current year.

3M Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, August 25th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 25th. 3M's dividend payout ratio (DPR) is currently 40.61%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of 3M in a research report on Saturday, August 30th. JPMorgan Chase & Co. set a $167.00 price objective on shares of 3M in a research report on Friday, July 18th. Barclays set a $170.00 price target on shares of 3M in a research report on Friday, July 18th. Citigroup boosted their price target 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. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of 3M in a research report on Friday, July 18th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, 3M currently has an average rating of "Moderate Buy" and a consensus target price of $161.78.

Insider Activity

In other 3M news, CAO Theresa E. Reinseth sold 3,477 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christian T. Goralski, Jr. sold 6,165 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $150.18, for a total transaction of $925,859.70. Following the completion of the transaction, the insider directly owned 2,900 shares in the company, valued at approximately $435,522. This represents a 68.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 3M

A number of institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of 3M by 0.7% in the 1st quarter. Invesco Ltd. now owns 4,498,809 shares of the conglomerate's stock valued at $660,695,000 after purchasing an additional 30,260 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 3M by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,198,538 shares of the conglomerate's stock valued at $616,597,000 after purchasing an additional 414,160 shares during the period. Alliancebernstein L.P. raised its holdings in 3M by 23.1% in the 1st quarter. Alliancebernstein L.P. now owns 3,127,734 shares of the conglomerate's stock valued at $459,339,000 after acquiring an additional 586,851 shares during the period. Goldman Sachs Group Inc. raised its holdings in 3M by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,122,020 shares of the conglomerate's stock valued at $458,500,000 after acquiring an additional 199,944 shares during the period. Finally, Amundi raised its holdings in 3M by 20.7% in the 1st quarter. Amundi now owns 3,030,397 shares of the conglomerate's stock valued at $423,471,000 after acquiring an additional 519,302 shares during the period. 65.25% of the stock is owned by institutional investors.

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.

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