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

3M Company (NYSE:MMM) has earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $169.6429.

MMM has been the subject of a number of recent research reports. Wolfe Research dropped their price objective on shares of 3M from $205.00 to $186.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Sanford C. Bernstein assumed coverage on 3M in a research note on Tuesday, June 9th. They issued an “underperform” rating and a $131.00 target price on the stock. Royal Bank Of Canada cut their price objective on shares of 3M from $134.00 to $133.00 and set an “underperform” rating for the company in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on shares of 3M from $182.00 to $178.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of 3M from $181.00 to $171.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd.

3M Stock Performance

MMM opened at $164.00 on Friday. 3M has a 1-year low of $139.34 and a 1-year high of $177.41. The stock has a market cap of $85.54 billion, a P/E ratio of 31.60, a P/E/G ratio of 2.32 and a beta of 1.03. The stock’s 50 day simple moving average is $152.38 and its 200 day simple moving average is $156.59. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.19.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.16. 3M had a return on equity of 104.75% and a net margin of 11.14%.The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.04 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. 3M’s revenue was up 1.3% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. As a group, equities analysts anticipate that 3M will post 8.71 EPS for the current fiscal year.

3M Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 22nd. 3M’s dividend payout ratio is presently 60.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rathbones Group PLC boosted its position in shares of 3M by 1.0% in the first quarter. Rathbones Group PLC now owns 7,809 shares of the conglomerate’s stock worth $1,134,000 after buying an additional 80 shares during the period. Parallel Advisors LLC raised its stake in shares of 3M by 1.6% during the first quarter. Parallel Advisors LLC now owns 13,170 shares of the conglomerate’s stock valued at $1,913,000 after purchasing an additional 209 shares during the period. Entropy Technologies LP acquired a new position in shares of 3M during the first quarter worth $10,945,000. Oslo Pensjonsforsikring AS purchased a new position in shares of 3M in the first quarter valued at $434,000. Finally, Koss Olinger Consulting LLC purchased a new position in 3M in the 1st quarter valued at about $413,000. Institutional investors and hedge funds 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).