3M Company (NYSE:MMM) Receives Average Rating of “Hold” from Brokerages

3M Company (NYSE:MMM) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $175.3636.

A number of brokerages have weighed in on MMM. Wolfe Research cut their price objective on shares of 3M from $197.00 to $196.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Morgan Stanley boosted their price target on 3M from $160.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on 3M from $131.00 to $136.00 and gave the company an “underperform” rating in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price target on 3M from $179.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Finally, Mizuho set a $160.00 price target on 3M in a research note on Wednesday, January 21st.

Insider Buying and Selling

In other news, EVP Zoe L. Dickson sold 13,826 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $169.78, for a total value of $2,347,378.28. Following the transaction, the executive vice president owned 6,162 shares of the company’s stock, valued at approximately $1,046,184.36. The trade was a 69.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quent Long Short Global Small Cap Fund LP purchased a new stake in 3M in the 4th quarter valued at about $463,000. Morton Brown Family Wealth LLC lifted its stake in shares of 3M by 400.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 500 shares of the conglomerate’s stock worth $80,000 after buying an additional 400 shares during the period. Kingswood Wealth Advisors LLC lifted its position in 3M by 105.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,658 shares of the conglomerate’s stock worth $906,000 after acquiring an additional 2,910 shares during the period. City State Bank lifted its holdings in shares of 3M by 20.2% during the fourth quarter. City State Bank now owns 5,442 shares of the conglomerate’s stock worth $871,000 after purchasing an additional 914 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its stake in 3M by 8.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,856 shares of the conglomerate’s stock valued at $1,258,000 after acquiring an additional 580 shares during the period. Institutional investors own 65.25% of the company’s stock.

3M Trading Down 1.4%

NYSE MMM opened at $155.86 on Thursday. The firm has a market capitalization of $82.80 billion, a PE ratio of 25.98, a P/E/G ratio of 2.21 and a beta of 1.09. The stock’s 50 day moving average is $164.79 and its 200 day moving average is $159.78. 3M has a twelve month low of $121.98 and a twelve month high of $174.69. The company has a quick ratio of 1.33, a current ratio of 1.71 and a debt-to-equity ratio of 2.30.

3M (NYSE:MMM) last posted its quarterly earnings data on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.03. The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.03 billion. 3M had a return on equity of 95.36% and a net margin of 13.03%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 earnings per share. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Research analysts forecast that 3M 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, December 12th. Investors of record on Friday, November 14th were paid a dividend of $0.73 per share. The ex-dividend date was Friday, November 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.9%. 3M’s payout ratio is 48.67%.

3M Company Profile

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).