BNP Paribas Raises Position in 3M Company $MMM

BNP Paribas boosted its stake in 3M Company (NYSE:MMM) by 219.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,718 shares of the conglomerate’s stock after buying an additional 17,669 shares during the quarter. BNP Paribas’ holdings in 3M were worth $4,118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MMM. Westside Investment Management Inc. raised its holdings in 3M by 77.4% in the 3rd quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after acquiring an additional 106 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in 3M in the 4th quarter valued at about $40,000. Collier Financial acquired a new stake in shares of 3M during the 3rd quarter worth approximately $52,000. WFA of San Diego LLC acquired a new stake in shares of 3M during the 2nd quarter worth approximately $61,000. Finally, Ameriflex Group Inc. increased its holdings in shares of 3M by 245.0% during the 3rd quarter. Ameriflex Group Inc. now owns 414 shares of the conglomerate’s stock worth $64,000 after buying an additional 294 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M Price Performance

Shares of NYSE:MMM opened at $151.01 on Tuesday. The company’s fifty day moving average price is $147.73 and its 200 day moving average price is $157.88. 3M Company has a 12 month low of $139.34 and a 12 month high of $177.41. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.19. The firm has a market capitalization of $78.76 billion, a P/E ratio of 29.10, a P/E/G ratio of 2.21 and a beta of 1.03.

3M (NYSE:MMM) last posted its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.16. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.04 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. 3M’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period 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, sell-side analysts predict that 3M Company will post 8.7 earnings per share for the current fiscal year.

3M Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 22nd. 3M’s payout ratio is 60.12%.

Wall Street Analysts Forecast Growth

MMM has been the subject of a number of recent analyst reports. UBS Group restated a “buy” rating on shares of 3M in a report on Friday, March 13th. Wells Fargo & Company lifted 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. Wolfe Research decreased their price target on shares of 3M from $205.00 to $186.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. HSBC raised their price target on shares of 3M from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 3M from $181.00 to $171.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, 3M presently has a consensus rating of “Hold” and an average target price of $171.17.

3M 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).