3M (NYSE:MMM) Stock Gets Price Target Cut from JPMorgan Chase & Co.

12 Oct 2026, 05:49 by Mitch Edgeman · The Markets Daily

3M (NYSE:MMM – Free Report) had its target price reduced by JPMorgan Chase & Co. from $205.00 to $185.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the conglomerate’s stock.

A number of other analysts have also recently weighed in on MMM. UBS Group upped their price target on shares of 3M from $190.00 to $218.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein upgraded 3M from an “underperform” rating to a “market perform” rating and increased their price target for the company from $145.00 to $171.00 in a report on Friday, September 25th. Citigroup increased their price target on 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Wolfe Research reissued an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Finally, Wells Fargo & Company initiated coverage on 3M in a research note on Thursday, September 24th. They set an “equal weight” rating and a $195.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, 3M currently has a consensus rating of “Hold” and an average target price of $181.71.

Check Out Our Latest Report on 3M

3M Price Performance

MMM opened at $159.91 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. 3M has a 52-week low of $139.34 and a 52-week high of $184.90. The company has a 50 day moving average of $171.72 and a two-hundred day moving average of $160.74. The company has a market cap of $82.47 billion, a P/E ratio of 28.40, a P/E/G ratio of 2.24 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.15. 3M had a net margin of 11.90% and a return on equity of 115.87%. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the business earned $2.16 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, analysts expect that 3M will post 8.97 earnings per share for the current year.

3M Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 24th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $3.12 annualized dividend and a yield of 2.0%. 3M’s dividend payout ratio (DPR) is 55.42%.

Insider Transactions at 3M

In other news, insider Karin Chavez sold 3,635 shares of 3M stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total transaction of $663,423.85. Following the sale, the insider 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP raised its holdings in shares of 3M by 74.0% during the second quarter. Engineers Gate Manager LP now owns 287,652 shares of the conglomerate’s stock valued at $46,574,000 after buying an additional 122,368 shares during the last quarter. North Star Asset Management Inc. bought a new position in 3M in the 2nd quarter worth approximately $1,424,000. Moore Capital Management LP bought a new position in 3M in the 2nd quarter worth approximately $7,948,000. Amundi grew its holdings in 3M by 67.0% in the 2nd quarter. Amundi now owns 4,536,148 shares of the conglomerate’s stock worth $734,448,000 after buying an additional 1,819,178 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in 3M in the 2nd quarter valued at approximately $1,798,000. 65.25% of the stock is owned by institutional investors and hedge funds.

About 3M

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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.