3M Company $MMM Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of 3M Company (NYSE:MMM) by 806.1% in the 4th quarter, Holdings Channel reports. The fund owned 314,460 shares of the conglomerate’s stock after acquiring an additional 279,757 shares during the quarter. SG Americas Securities LLC’s holdings in 3M were worth $50,345,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MMM. J.Safra Asset Management Corp purchased a new position in 3M in the 3rd quarter worth approximately $34,000. Westside Investment Management Inc. grew its position in shares of 3M by 77.4% in the third quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after purchasing an additional 106 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of 3M in the third quarter valued at approximately $50,000. Collier Financial acquired a new stake in shares of 3M in the third quarter valued at approximately $52,000. Finally, WFA of San Diego LLC purchased a new position in 3M during the second quarter worth approximately $61,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

MMM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on 3M from $179.00 to $181.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Wells Fargo & Company reduced their price target on 3M from $183.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Mizuho set a $160.00 price target on shares of 3M in a research report on Wednesday, January 21st. Wolfe Research boosted their price target on shares of 3M from $196.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, Weiss Ratings lowered shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, 3M presently has a consensus rating of “Hold” and a consensus price target of $175.90.

Insider Transactions at 3M

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total value of $888,798.75. Following the transaction, the chief accounting officer owned 2,585 shares of the company’s stock, valued at $446,558.75. This represents a 66.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.48% of the company’s stock.

3M Trading Up 0.0%

Shares of 3M stock opened at $146.60 on Wednesday. The firm has a market capitalization of $77.21 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 2.13 and a beta of 1.08. 3M Company has a fifty-two week low of $121.98 and a fifty-two week high of $177.41. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.33 and a current ratio of 1.71. The stock has a 50 day moving average of $160.11 and a 200 day moving average of $161.39.

3M (NYSE:MMM) last posted its earnings results on Tuesday, January 20th. The conglomerate reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. 3M had a return on equity of 95.36% and a net margin of 13.03%.The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. As a group, research analysts predict that 3M Company will post 7.8 earnings per share for the current year.

3M Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 13th were issued a $0.78 dividend. This is an increase from 3M’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, February 13th. This represents a $3.12 annualized dividend and a yield of 2.1%. 3M’s payout ratio is presently 52.00%.

3M 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).