51,011 3M Company $MMM Shares Bought by CX Institutional

02 Oct 2026, 19:07 by Renee Jackson · The Cerbat Gem

CX Institutional increased its stake in 3M Company (NYSE:MMM – Free Report) by 1,069.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,781 shares of the conglomerate’s stock after acquiring an additional 51,011 shares during the quarter. CX Institutional’s holdings in 3M were worth $9,156,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MMM. North Star Asset Management Inc. bought a new stake in shares of 3M in the 2nd quarter valued at $1,424,000. Engineers Gate Manager LP raised its stake in 3M by 74.0% during the second quarter. Engineers Gate Manager LP now owns 287,652 shares of the conglomerate’s stock worth $46,574,000 after buying an additional 122,368 shares during the last quarter. Moore Capital Management LP acquired a new position in 3M in the second quarter valued at $7,948,000. Amundi boosted its position in 3M by 67.0% during the second quarter. Amundi now owns 4,536,148 shares of the conglomerate’s stock valued at $734,448,000 after acquiring an additional 1,819,178 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in 3M during the second quarter valued at $1,798,000. 65.25% of the stock is currently owned by institutional investors.

3M Stock Down 0.8%

3M stock traded down $1.26 during midday trading on Friday, reaching $161.76. The stock had a trading volume of 3,026,154 shares, compared to its average volume of 3,723,119. The company has a fifty day moving average price of $173.51 and a two-hundred day moving average price of $160.04. 3M Company has a 12 month low of $139.34 and a 12 month high of $184.90. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63. The company has a market capitalization of $83.42 billion, a P/E ratio of 28.73, a PEG ratio of 2.16 and a beta of 0.99.

3M (NYSE:MMM – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, beating the consensus estimate of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the company posted $2.16 earnings per share. The company’s quarterly 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, equities analysts expect that 3M Company will post 8.97 EPS for the current fiscal year.

3M Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 24th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, August 24th. This represents a $3.12 annualized dividend and a yield of 1.9%. 3M’s dividend payout ratio is presently 55.42%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MMM. Weiss Ratings raised 3M from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. raised 3M from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $178.00 to $180.00 in a research note on Friday, July 17th. Sanford C. Bernstein raised 3M from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $145.00 to $171.00 in a research note on Friday, September 25th. Wells Fargo & Company assumed coverage on 3M in a report on Thursday, September 24th. They set an “equal weight” rating and a $195.00 price target on the stock. Finally, Wolfe Research reiterated an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, 3M has a consensus rating of “Hold” and a consensus target price of $181.36.

Read Our Latest Research Report on 3M

Insider Buying and Selling at 3M

In other news, insider Karin Chavez sold 3,635 shares of 3M stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total transaction of $663,423.85. Following the completion of the transaction, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

3M Company Profile

(Free Report)

3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.