3M Co (MMM) EVP Michael F. Roman Sells 4,146 Shares

3M Co (NYSE:MMM) EVP Michael F. Roman sold 4,146 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $246.65, for a total transaction of $1,022,610.90. Following the sale, the executive vice president now owns 16,208 shares of the company’s stock, valued at approximately $3,997,703.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of 3M Co (NYSE:MMM) traded down $2.92 during trading hours on Tuesday, reaching $228.52. 2,173,121 shares of the company’s stock were exchanged, compared to its average volume of 2,572,104. 3M Co has a 12-month low of $175.15 and a 12-month high of $259.77. The company has a current ratio of 1.86, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. The company has a market cap of $135,790.00, a price-to-earnings ratio of 28.77, a P/E/G ratio of 2.27 and a beta of 1.08.

3M (NYSE:MMM) last issued its earnings results on Thursday, January 25th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.07. The company had revenue of $7.99 billion for the quarter, compared to analyst estimates of $7.85 billion. 3M had a net margin of 15.35% and a return on equity of 48.34%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS. analysts expect that 3M Co will post 10.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from 3M’s previous quarterly dividend of $0.01. 3M’s dividend payout ratio (DPR) is 59.27%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in 3M by 8.6% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,024,371 shares of the conglomerate’s stock worth $476,476,000 after acquiring an additional 159,668 shares during the last quarter. Hedeker Wealth LLC boosted its stake in 3M by 5.1% during the 4th quarter. Hedeker Wealth LLC now owns 16,948 shares of the conglomerate’s stock worth $3,989,000 after acquiring an additional 825 shares during the last quarter. Aries Wealth Management bought a new position in 3M during the 4th quarter worth approximately $2,094,000. Cypress Wealth Services LLC bought a new position in 3M during the 4th quarter worth approximately $267,000. Finally, Milestone Group Inc. bought a new position in 3M during the 4th quarter worth approximately $209,000. 66.38% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. Vetr upgraded shares of 3M from a “hold” rating to a “buy” rating and set a $250.06 target price for the company in a research report on Monday. Zacks Investment Research upgraded shares of 3M from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Tuesday, January 30th. Royal Bank of Canada reiterated a “hold” rating and set a $254.00 target price on shares of 3M in a research report on Thursday, January 25th. Hilliard Lyons upgraded shares of 3M from a “neutral” rating to a “buy” rating and set a $285.00 target price for the company in a research report on Wednesday, January 24th. Finally, UBS Group assumed coverage on shares of 3M in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $262.00 target price for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. 3M presently has an average rating of “Hold” and an average price target of $249.63.

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About 3M

3M Company is a technology company. It operates through five segments. The Industrial segment serves a range of markets, such as automotive original equipment manufacturer and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

Insider Buying and Selling by Quarter for 3M (NYSE:MMM)

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