3M (NYSE:MMM) Price Target Cut to $178.00 by Analysts at JPMorgan Chase & Co.

3M (NYSE:MMM) had its price objective reduced by JPMorgan Chase & Co. from $182.00 to $178.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the conglomerate’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 21.99% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley raised their price objective on shares of 3M from $160.00 to $165.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Barclays cut their price target on shares of 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Mizuho set a $160.00 price target on shares of 3M in a research report on Wednesday, January 21st. Wells Fargo & Company raised their price objective on 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Wolfe Research cut their target price on 3M from $205.00 to $186.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, 3M currently has a consensus rating of “Hold” and a consensus price target of $171.17.

3M Stock Up 0.1%

NYSE MMM traded up $0.13 during trading on Wednesday, reaching $145.91. 975,470 shares of the company’s stock were exchanged, compared to its average volume of 3,995,601. The company has a 50 day moving average price of $153.72 and a two-hundred day moving average price of $160.22. The stock has a market cap of $76.22 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 2.16 and a beta of 1.09. 3M has a 1 year low of $134.85 and a 1 year high of $177.41. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.33 and a current ratio of 1.59.

3M (NYSE:MMM) last released its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.16. The business had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.04 billion. 3M had a return on equity of 104.75% and a net margin of 11.14%.The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. On average, equities research analysts anticipate that 3M will post 8.65 EPS for the current fiscal year.

Insider Activity at 3M

In other news, CAO Theresa E. Reinseth sold 5,145 shares of the stock in a transaction dated Wednesday, February 11th. The shares were 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 owned 2,585 shares in the company, valued at approximately $446,558.75. This represents a 66.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.19% of the company’s stock.

Institutional Trading of 3M

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in 3M by 653.6% during the 1st quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after acquiring an additional 2,055,419 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in shares of 3M in the 4th quarter valued at approximately $65,009,000. Align Financial LLC acquired a new position in shares of 3M in the fourth quarter valued at approximately $4,101,000. Allstate Corp raised its stake in shares of 3M by 107.1% during the fourth quarter. Allstate Corp now owns 41,212 shares of the conglomerate’s stock worth $6,598,000 after purchasing an additional 21,316 shares during the last quarter. Finally, BNP Paribas raised its stake in shares of 3M by 219.5% during the fourth quarter. BNP Paribas now owns 25,718 shares of the conglomerate’s stock worth $4,118,000 after purchasing an additional 17,669 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

3M News Roundup

Here are the key news stories impacting 3M this week:

• Positive Sentiment: Q1 earnings beat and maintained outlook — 3M reported adjusted EPS of $2.14, topping estimates and citing margin gains and cost controls while holding its full-year guidance, which supports near-term earnings visibility. Read More.
• Positive Sentiment: Productivity and strategic actions highlighted — Coverage notes productivity gains and pricing steps helped offset sluggish organic growth, improving operating leverage that investors prize. Read More.
• Positive Sentiment: Analyst upgrades/target increases — Wells Fargo raised its target to $165 and kept an overweight rating, signaling renewed buy-side interest. Read More.
• Positive Sentiment: Jefferies lifted its price target to $170 (hold) — another vote of confidence that adds upward pressure on the stock. Read More.
• Positive Sentiment: Buy-the-dip commentary from some outlets — analysts/commentary pieces (e.g., Seeking Alpha) suggest starting to nibble given the beat and valuation metrics. Read More.
• Neutral Sentiment: Revenue mixed — reported revenue of $6.00B roughly met expectations (+3.9% Y/Y) but organic sales weakness tempers the quality of the beat. Read More.
• Neutral Sentiment: Deutsche Bank trims target but stays constructive — PT lowered to $171 from $181 and remains a hold, leaving room for upside but signaling more cautious near-term view. Read More.
• Negative Sentiment: RBC underperform/target cut — Royal Bank of Canada cut its PT to $133 and kept an underperform rating, introducing downside risk and reminding investors of differing views on growth and capital allocation. Read More.

3M Company 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).