3M (NYSE:MMM) Price Target Raised to $191.00

24 Oct 2026, 07:01 by Danessa Lincoln · The Markets Daily

3M (NYSE:MMM – Free Report) had its price objective boosted by JPMorgan Chase & Co. from $185.00 to $191.00 in a research report report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the conglomerate’s stock.

MMM has been the topic of a number of other research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a research note on Wednesday, July 22nd. Wells Fargo & Company assumed coverage on shares of 3M in a report on Thursday, September 24th. They issued an “equal weight” rating and a $195.00 price target on the stock. Jefferies Financial Group restated a “hold” rating and issued a $186.00 price objective on shares of 3M in a research note on Wednesday. Sanford C. Bernstein raised their price objective on shares of 3M from $171.00 to $197.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Wolfe Research reiterated an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $185.36.

Check Out Our Latest Research Report on MMM

3M Trading Down 1.1%

3M stock opened at $173.62 on Wednesday. The business has a 50 day moving average price of $168.84 and a two-hundred day moving average price of $162.21. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 3.01. The stock has a market cap of $89.72 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.29 and a beta of 0.99. 3M has a 12 month low of $139.34 and a 12 month high of $184.90.

3M (NYSE:MMM – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The conglomerate reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.12. The company had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.61 billion. 3M had a return on equity of 123.11% and a net margin of 14.01%. 3M’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.19 EPS. As a group, equities analysts forecast that 3M will post 9.14 EPS for the current year.

3M Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 24th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, August 24th. 3M’s dividend payout ratio is 46.50%.

Insider Transactions at 3M

In other 3M news, insider Karin Chavez sold 3,635 shares of the stock in a transaction on Wednesday, August 5th. The stock was 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 represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 3M

Several large investors have recently made changes to their positions in MMM. Valley National Advisers Inc. lifted its holdings in 3M by 9.5% during the 3rd quarter. Valley National Advisers Inc. now owns 956 shares of the conglomerate’s stock valued at $157,000 after purchasing an additional 83 shares during the last quarter. Norris Perne & French LLP MI bought a new stake in 3M during the third quarter worth about $442,000. Signaturefd LLC grew its stake in 3M by 20.0% during the third quarter. Signaturefd LLC now owns 11,115 shares of the conglomerate’s stock worth $1,825,000 after buying an additional 1,854 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of 3M by 7.0% during the third quarter. Citizens Financial Group Inc. RI now owns 20,217 shares of the conglomerate’s stock worth $3,319,000 after buying an additional 1,327 shares in the last quarter. Finally, Sowell Financial Services LLC increased its holdings in shares of 3M by 1.1% during the third quarter. Sowell Financial Services LLC now owns 41,434 shares of the conglomerate’s stock worth $6,801,000 after buying an additional 444 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

3M Company Profile

(Get Free Report)

3M is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it developed from a mining venture into a global enterprise known for applying materials science and engineering to a broad range of industrial, commercial and consumer applications.