3M Company $MMM Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in 3M Company (NYSE:MMM) by 40.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,031 shares of the conglomerate’s stock after selling 16,714 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in 3M were worth $3,635,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its position 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 buying an additional 2,055,419 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of 3M during the 4th quarter valued at approximately $65,009,000. Handelsbanken Fonder AB boosted its stake in shares of 3M by 1.5% during the 4th 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 in the last quarter. Captrust Financial Advisors boosted its stake in shares of 3M by 2.9% during the 4th 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 in the last quarter. Finally, Willis Investment Counsel grew its holdings in shares of 3M by 1.5% in the 4th 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.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Sanford C. Bernstein raised their price objective on 3M from $140.00 to $145.00 and gave the company an “underperform” rating in a research note on Wednesday, July 22nd. UBS Group upped their target price on 3M from $190.00 to $218.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company raised their price target on 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Weiss Ratings raised 3M from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Monday, June 29th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $177.21.

3M Stock Performance

3M stock opened at $177.32 on Tuesday. 3M Company has a fifty-two week low of $139.34 and a fifty-two week high of $184.90. The company has a market capitalization of $91.45 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 2.43 and a beta of 1.02. The stock has a fifty day moving average of $161.69 and a two-hundred day moving average of $156.87. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.15. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, analysts anticipate that 3M Company will post 8.93 EPS for the current fiscal year.

3M Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 22nd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, May 22nd. 3M’s dividend payout ratio is 55.42%.

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).