GTS Securities LLC Has $1.45 Million Holdings in 3M Company $MMM

GTS Securities LLC grew its holdings in 3M Company (NYSE:MMM) by 108.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,937 shares of the conglomerate’s stock after acquiring an additional 4,651 shares during the quarter. GTS Securities LLC’s holdings in 3M were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Retirement Investments LLC acquired a new position in 3M during the 4th quarter valued at $28,000. Cornerstone Planning Group LLC grew its position in 3M by 32.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 71 shares during the last quarter. Sfam LLC bought a new position in shares of 3M during the 4th quarter worth about $45,000. West Paces Advisors Inc. bought a new position in shares of 3M during the 2nd quarter worth about $49,000. Finally, WFA of San Diego LLC acquired a new position in shares of 3M during the second quarter valued at about $61,000. Institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MMM. Mizuho increased their target price on shares of 3M from $160.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. upgraded 3M from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $178.00 to $180.00 in a research note on Friday, July 17th. Jefferies Financial Group upped their price target on 3M from $170.00 to $175.00 and gave the company a “hold” rating in a report on Monday, June 29th. Sanford C. Bernstein raised their price objective on 3M from $140.00 to $145.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised 3M from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $177.21.

Insider Activity at 3M

In other news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the sale, the insider owned 14,035 shares in the company, valued at approximately $2,561,527.85. The trade was a 20.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

3M Trading Down 2.6%

Shares of MMM opened at $174.14 on Friday. 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 stock has a market cap of $89.81 billion, a PE ratio of 30.93, a PEG ratio of 2.11 and a beta of 1.01. 3M Company has a 1 year low of $139.34 and a 1 year high of $184.90. The stock has a 50 day simple moving average of $171.09 and a 200-day simple moving average of $159.46.

3M (NYSE:MMM) last announced its quarterly earnings results 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 business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the firm earned $2.16 EPS. 3M’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. On average, sell-side analysts predict that 3M Company will post 8.96 EPS for the current fiscal year.

3M Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.8%. 3M’s dividend payout ratio (DPR) is presently 55.42%.

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).