3M Company (NYSE:MMM) Receives $171.17 Consensus PT from Brokerages

Shares of 3M Company (NYSE:MMM) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $171.1667.

Several equities analysts have recently commented on MMM shares. Wells Fargo & Company increased their price target on shares of 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Citigroup lowered their target price on shares of 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of 3M from $181.00 to $171.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Wolfe Research reduced their price target on shares of 3M from $205.00 to $186.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Finally, UBS Group reaffirmed a “buy” rating on shares of 3M in a report on Friday, March 13th.

3M Stock Down 0.0%

Shares of NYSE:MMM opened at $153.75 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.19 and a debt-to-equity ratio of 3.29. The company has a fifty day simple moving average of $148.31 and a 200 day simple moving average of $157.44. The firm has a market cap of $80.19 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. 3M has a 12-month low of $139.34 and a 12-month high of $177.41.

3M (NYSE:MMM) last issued its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.16. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.04 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 earnings per share. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. On average, equities research analysts anticipate that 3M will post 8.7 EPS for the current fiscal year.

3M Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 2.0%. 3M’s dividend payout ratio is 60.12%.

Institutional Investors Weigh In On 3M

Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in 3M by 653.6% during the first 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 acquired a new stake in 3M during the fourth quarter worth about $65,009,000. Handelsbanken Fonder AB raised its stake in 3M by 1.5% during the fourth quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock worth $43,511,000 after acquiring an additional 4,101 shares during the period. Captrust Financial Advisors raised its stake in 3M by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock worth $25,084,000 after acquiring an additional 4,372 shares during the period. Finally, Willis Investment Counsel raised its stake in 3M by 1.5% during the fourth quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate’s stock worth $21,796,000 after acquiring an additional 2,077 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

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).