3M Company (NYSE:MMM) Stock Has Consensus Price Target of $181.36

by · The Markets Daily

3M Company (NYSE:MMM – Get Free Report) has earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $181.71.

A number of equities analysts have commented on the company. Royal Bank Of Canada raised their price objective on 3M from $123.00 to $132.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 22nd. Wolfe Research reaffirmed an “outperform” rating on shares of 3M in a report on Thursday, July 9th. UBS Group upped their target price on 3M from $190.00 to $218.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company began coverage on 3M in a report on Thursday, September 24th. They set an “equal weight” rating and a $195.00 target price on the stock. Finally, Citigroup raised their price target on 3M from $166.00 to $183.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd.

Get Our Latest Research Report on 3M

Insider Buying and Selling

In other 3M news, insider Karin Chavez sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the transaction, the insider directly owned 14,035 shares of the company’s stock, valued at $2,561,527.85. This trade represents a 20.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of 3M

Several large investors have recently made changes to their positions in the company. Mirador Capital Partners LP raised its holdings in shares of 3M by 1.2% during the 3rd quarter. Mirador Capital Partners LP now owns 10,101 shares of the conglomerate’s stock worth $1,658,000 after buying an additional 123 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of 3M by 71.7% during the 3rd quarter. Sound Income Strategies LLC now owns 3,757 shares of the conglomerate’s stock worth $615,000 after buying an additional 1,569 shares during the last quarter. Riversedge Advisors LLC bought a new stake in shares of 3M during the 3rd quarter worth $214,000. Wedmont Private Capital boosted its stake in 3M by 52.9% in the third quarter. Wedmont Private Capital now owns 7,957 shares of the conglomerate’s stock valued at $1,302,000 after buying an additional 2,754 shares in the last quarter. Finally, Central Bank & Trust Co. boosted its stake in 3M by 6.8% in the third quarter. Central Bank & Trust Co. now owns 1,718 shares of the conglomerate’s stock valued at $282,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M Stock Performance

NYSE MMM opened at $159.91 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. The company has a market capitalization 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 has a 12-month low of $139.34 and a 12-month high of $184.90. The firm has a 50-day moving average price of $171.72 and a two-hundred day moving average price of $160.64.

3M (NYSE:MMM – Get Free Report) last announced its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 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 for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period last year, the firm earned $2.16 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Analysts anticipate 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 paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, August 24th. 3M’s dividend payout ratio is presently 55.42%.

About 3M

(Get 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.

The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.

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