3M Company (NYSE:MMM) Receives $177.21 Consensus Target Price from Analysts

3M Company (NYSE:MMM) has earned an average rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $177.2143.

A number of brokerages have recently issued reports on MMM. Jefferies Financial Group boosted their target price on 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Monday, June 29th. Mizuho boosted 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. Royal Bank Of Canada increased their target price on 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a report on Wednesday, July 22nd. Wolfe Research reiterated an “outperform” rating on shares of 3M in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upgraded 3M from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $178.00 to $180.00 in a report on Friday, July 17th.

Insider Buying and Selling at 3M

In other news, insider Karin Chavez sold 3,635 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 14,035 shares of the company’s stock, valued at $2,561,527.85. This represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Capital Analysts LLC grew its position in shares of 3M by 2.7% during the second quarter. Capital Analysts LLC now owns 2,576 shares of the conglomerate’s stock worth $417,000 after buying an additional 67 shares in the last quarter. MBA Advisors LLC raised its stake in shares of 3M by 2.5% in the 2nd quarter. MBA Advisors LLC now owns 2,839 shares of the conglomerate’s stock valued at $460,000 after purchasing an additional 68 shares in the last quarter. SVB Wealth LLC raised its stake in shares of 3M by 1.3% in the 2nd quarter. SVB Wealth LLC now owns 5,484 shares of the conglomerate’s stock valued at $888,000 after purchasing an additional 70 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of 3M by 32.1% during the first 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. Finally, Rathbones Group PLC grew its stake in 3M by 1.0% in the first quarter. Rathbones Group PLC now owns 7,809 shares of the conglomerate’s stock worth $1,134,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M Trading Up 1.4%

Shares of NYSE:MMM opened at $164.91 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24. The stock has a market capitalization of $85.05 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.14 and a beta of 1.01. 3M has a 1-year low of $139.34 and a 1-year high of $184.90. The company has a 50 day moving average price of $172.56 and a 200 day moving average price of $159.19.

3M (NYSE:MMM) last posted its quarterly earnings results 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 company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.40 billion. 3M had a return on equity of 115.87% and a net margin of 11.90%.The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, research analysts anticipate that 3M will post 8.96 EPS for the current fiscal year.

3M Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 24th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 24th. 3M’s payout ratio is 55.42%.

About 3M

3M Company is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it initially supplied abrasives and other materials before expanding into a broad range of science-based products and technologies.

The company develops products for industrial, transportation, electronics, safety and consumer markets. Its offerings include personal protective equipment, industrial adhesives and tapes, abrasives, filtration products, electrical materials, automotive solutions, medical and dental products, and consumer brands such as Post-it Notes and Scotch products.