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

3M Company (NYSE:MMM) has earned an average rating of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $175.7857.

A number of research firms have recently commented on MMM. Barclays reduced their price target on shares of 3M from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Wolfe Research reissued an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. The Goldman Sachs Group reissued a “buy” rating on shares of 3M in a research note on Wednesday. Jefferies Financial Group boosted their target price on 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Monday, June 29th. Finally, UBS Group upped their target price on 3M from $190.00 to $218.00 and gave the stock a “buy” rating in a research note on Wednesday.

3M Price Performance

Shares of NYSE:MMM opened at $170.72 on Thursday. The company has a 50 day moving average of $157.47 and a 200 day moving average of $156.25. The stock has a market cap of $89.04 billion, a P/E ratio of 30.32, a P/E/G ratio of 2.37 and a beta of 1.02. 3M has a 12 month low of $139.34 and a 12 month high of $177.41. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 3.63.

3M (NYSE:MMM) last posted its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. 3M had a net margin of 11.90% and a return on equity of 115.87%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the firm posted $2.16 EPS. 3M’s revenue was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, sell-side analysts forecast that 3M will post 8.88 EPS for the current fiscal year.

3M Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.8%. 3M’s payout ratio is presently 55.42%.

Key Headlines Impacting 3M

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

Institutional Investors Weigh In On 3M

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in 3M by 653.6% in the first 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 during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in 3M during the fourth quarter worth about $65,009,000. Entropy Technologies LP bought a new stake in 3M during the first quarter worth about $10,945,000. Align Financial LLC purchased a new position in shares of 3M in the 4th quarter worth about $4,101,000. Finally, Allstate Corp boosted its holdings in shares of 3M by 107.1% in the 4th quarter. Allstate Corp now owns 41,212 shares of the conglomerate’s stock worth $6,598,000 after purchasing an additional 21,316 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

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).