Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of 3M Company NYSE: MMM. In a filing disclosed on June 23rd, the Representative disclosed that they had sold between $15,001 and $50,000 in 3M stock on May 23rd. The trade occurred in the Representative's "LPL ACCOUNT I" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
3M Trading Up 1.1%
MMM traded up $1.65 during trading hours on Friday, reaching $150.95. 1,366,653 shares of the company's stock traded hands, compared to its average volume of 3,893,606. The firm has a 50-day moving average price of $150.03 and a 200 day moving average price of $146.02. 3M Company has a 52-week low of $112.68 and a 52-week high of $164.15. The company has a quick ratio of 1.20, a current ratio of 1.72 and a debt-to-equity ratio of 2.87. The firm has a market capitalization of $80.40 billion, a PE ratio of 20.99, a PEG ratio of 3.04 and a beta of 1.02.
3M (NYSE:MMM - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The conglomerate reported $2.16 earnings per share (EPS) for the quarter, beating 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 96.48% and a net margin of 16.01%. 3M's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.93 EPS. As a group, sell-side analysts predict that 3M Company will post 7.8 EPS for the current fiscal year.
3M Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.93%. 3M's payout ratio is currently 40.61%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Citigroup raised their price objective 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 restated an "overweight" rating on shares of 3M in a report on Friday, July 18th. Royal Bank Of Canada raised their price objective on 3M from $98.00 to $100.00 and gave the stock an "underperform" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. set a $167.00 price objective on 3M in a report on Friday, July 18th. Finally, Barclays set a $170.00 price objective on 3M in a report on Friday, July 18th. Two 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's stock. According to data from MarketBeat, 3M currently has a consensus rating of "Moderate Buy" and an average price target of $156.33.
Check Out Our Latest Report on 3M
Hedge Funds Weigh In On 3M
Several institutional investors and hedge funds have recently bought and sold shares of the company. Trust Co. of Toledo NA OH grew its holdings in 3M by 32.7% in the second quarter. Trust Co. of Toledo NA OH now owns 8,220 shares of the conglomerate's stock worth $1,251,000 after purchasing an additional 2,025 shares during the last quarter. GFG Capital LLC purchased a new stake in shares of 3M during the second quarter worth about $28,000. Duncan Williams Asset Management LLC purchased a new stake in shares of 3M during the second quarter worth about $425,000. Knights of Columbus Asset Advisors LLC grew its stake in shares of 3M by 2.1% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 77,624 shares of the conglomerate's stock worth $11,817,000 after acquiring an additional 1,595 shares during the last quarter. Finally, SOA Wealth Advisors LLC. grew its stake in shares of 3M by 312.6% during the second quarter. SOA Wealth Advisors LLC. now owns 2,661 shares of the conglomerate's stock worth $405,000 after acquiring an additional 2,016 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at 3M
In other 3M news, EVP John Patrick Banovetz sold 7,759 shares of the firm'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 completion of the transaction, the executive vice president owned 31,372 shares of the company's stock, valued at approximately $4,654,663.64. This trade represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Zoe L. Dickson sold 7,915 shares of the firm's 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 completion of the transaction, the executive vice president directly owned 6,127 shares of the company's stock, valued at approximately $913,045.54. This represents a 56.37% decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About 3M
(
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.
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