Sen. Tina Smith Sells Shares of 3M Company (NYSE:MMM)

Senator Tina Smith (Democratic-Minnesota) recently sold shares of 3M Company (NYSE:MMM). In a filing disclosed on April 02nd, the Senator disclosed that they had sold between $50,001 and $100,000 in 3M stock on March 31st.

Senator Tina Smith also recently made the following trade(s):

• Sold $100,001 – $250,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 3/31/2026.
• Sold $100,001 – $250,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 1/27/2026.

3M Price Performance

Shares of MMM stock opened at $144.49 on Friday. The firm’s 50 day moving average is $157.01 and its 200-day moving average is $160.70. 3M Company has a 1 year low of $121.98 and a 1 year high of $177.41. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $75.48 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.10 and a beta of 1.09.

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

3M Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 13th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $3.12 dividend on an annualized basis and a yield of 2.2%. This is a positive change from 3M’s previous quarterly dividend of $0.73. 3M’s payout ratio is 52.00%.

Insider Activity

In related news, CAO Theresa E. Reinseth sold 5,145 shares of 3M stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total transaction of $888,798.75. Following the completion of the sale, the chief accounting officer directly owned 2,585 shares of the company’s stock, valued at approximately $446,558.75. This trade represents a 66.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On 3M

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC bought a new stake in 3M in the 4th quarter valued at $28,000. J.Safra Asset Management Corp acquired a new position in shares of 3M in the third quarter valued at $34,000. Westside Investment Management Inc. raised 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 during the period. EQ Wealth Advisors LLC bought a new position in shares of 3M in the fourth quarter valued at about $40,000. Finally, Sfam LLC acquired a new stake in shares of 3M during the 4th quarter worth about $45,000. Institutional investors own 65.25% of the company’s stock.

Analyst Ratings Changes

MMM has been the subject of a number of recent analyst reports. 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 report on Friday, February 27th. UBS Group reissued a “buy” rating on shares of 3M in a research note on Friday, March 13th. Weiss Ratings downgraded 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Barclays dropped their price target on 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group cut their price objective on 3M from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $172.64.

About Senator Smith

Tina Smith (Democratic Party) is a member of the U.S. Senate from Minnesota. She assumed office on January 3, 2018. Her current term ends on January 3, 2027. Smith (Democratic Party) ran for re-election to the U.S. Senate to represent Minnesota. She won in the general election on November 3, 2020. Smith succeeded former Senator Al Franken (D). She assumed office on January 3, 2018. Smith won a full term in the special general election for the position on November 6, 2018. She defeated Karin Housley (R), Sarah Wellington (Legal Marijuana Now Party), and Jerry Trooien (Unaffiliated) to win the seat. She advanced to the general election after defeating five challengers in the special Democratic primary election on August 14, 2018. Smith previously served as the 48th lieutenant governor of Minnesota. She was elected to the position on a joint ticket with incumbent Governor Mark Dayton on November 4, 2014, and was sworn into office on January 5, 2015.

About 3M

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).