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

3M Company (NYSE:MMM) has received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $171.1667.

A number of analysts have recently commented on MMM shares. Wells Fargo & Company boosted their target price on shares of 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Jefferies Financial Group boosted their target price on shares of 3M from $160.00 to $170.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. HSBC boosted their target price on shares of 3M from $175.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada dropped their target price on shares of 3M from $134.00 to $133.00 and set an “underperform” rating on the stock in a report on Wednesday, April 22nd. Finally, Barclays dropped their target price on shares of 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st.

3M Stock Performance

NYSE:MMM opened at $152.66 on Wednesday. The stock has a market cap of $79.62 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.03. The firm’s fifty day simple moving average is $147.73 and its 200 day simple moving average is $157.88. 3M has a twelve month low of $139.34 and a twelve month high of $177.41. The company has a quick ratio of 1.19, a current ratio of 1.59 and a debt-to-equity ratio of 3.29.

3M (NYSE:MMM) last released its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.16. The business had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.04 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. As a group, research analysts predict that 3M will post 8.7 EPS for the current year.

3M Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 22nd. 3M’s payout ratio is 60.12%.

Institutional Trading of 3M

A number of hedge funds have recently modified their holdings of the business. Entropy Technologies LP bought a new position in 3M in the 1st quarter worth about $10,945,000. Oslo Pensjonsforsikring AS bought a new position in 3M in the 1st quarter worth about $434,000. Parallel Advisors LLC boosted its stake in 3M by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 13,170 shares of the conglomerate’s stock worth $1,913,000 after purchasing an additional 209 shares in the last quarter. Koss Olinger Consulting LLC bought a new position in 3M in the 1st quarter worth about $413,000. Finally, Cornerstone Planning Group LLC boosted its stake in 3M by 32.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

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).