3M (NYSE:MMM) Stock Price Up 10.2% After Strong Earnings

Shares of 3M Company (NYSE:MMM) rose 10.2% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $174.51 and last traded at $175.32. Approximately 2,255,895 shares were traded during trading, a decline of 42% from the average session volume of 3,913,072 shares. The stock had previously closed at $159.11.

The conglomerate reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS.

3M Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were given a dividend of $0.78 per share. The ex-dividend date was Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.8%. 3M’s payout ratio is currently 55.42%.

More 3M News

Here are the key news stories impacting 3M this week:

• Positive Sentiment: 3M beat Wall Street’s Q2 expectations, posting adjusted EPS of $2.40 versus estimates around $2.24-$2.25 and revenue of $6.5 billion versus about $6.4 billion expected, signaling stronger-than-expected demand and execution. Article Title
• Positive Sentiment: The company raised 2026 guidance, increasing adjusted EPS outlook to $8.80-$8.95 from $8.50-$8.70, which suggests management is seeing continued momentum and better profitability ahead. Article Title
• Positive Sentiment: Management pointed to stronger pricing, cost reductions, and resilient demand in Safety & Industrial and Transportation & Electronics, supporting the view that margins and cash flow are improving. Article Title
• Neutral Sentiment: Analysts have started adjusting forecasts higher after the results, but views remain mixed, so the earnings beat is helping sentiment even as some firms keep cautious ratings. Article Title
• Negative Sentiment: Royal Bank of Canada lifted its price target but kept an underperform rating, reflecting concern that the stock may already be pricing in much of the recovery. Article Title

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein increased their price objective on shares of 3M from $140.00 to $145.00 and gave the company an “underperform” rating in a report on Wednesday. HSBC lifted their target price on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Barclays cut their price target on 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. UBS Group raised their price target on 3M from $190.00 to $218.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group lifted their price objective on 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $175.79.

Hedge Funds Weigh In On 3M

Several institutional investors have recently modified their holdings of MMM. SG Americas Securities LLC lifted its position in 3M by 653.6% in the 1st quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock valued at $344,178,000 after acquiring an additional 2,055,419 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in 3M during the 4th quarter worth about $65,009,000. Handelsbanken Fonder AB increased its holdings in 3M by 1.5% during the 4th quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock worth $43,511,000 after purchasing an additional 4,101 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of 3M by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock valued at $25,084,000 after purchasing an additional 4,372 shares during the period. Finally, Willis Investment Counsel lifted its holdings in shares of 3M by 1.5% in the fourth quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate’s stock valued at $21,796,000 after purchasing an additional 2,077 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

3M Trading Down 0.0%

The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. The company has a market capitalization of $89.04 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 2.37 and a beta of 1.02. The business has a fifty day moving average price of $157.47 and a 200 day moving average price of $156.25.

About 3M

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).