3M Company (NYSE:MMM) Stock Rated “Hold” by Wall Street Brokerages

3M Company (NYSE:MMM) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $181.71.

Several equities analysts have recently commented on MMM shares. Citigroup upped their target price on 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft increased their price target on 3M from $192.00 to $194.00 and gave the stock a “hold” rating in a research report on Wednesday, September 30th. Sanford C. Bernstein raised 3M from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $145.00 to $171.00 in a report on Friday, September 25th. The Goldman Sachs Group reissued a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Finally, UBS Group boosted their price objective on 3M from $190.00 to $218.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd.

Insider Transactions at 3M

In other 3M news, insider Karin Chavez sold 3,635 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total value of $663,423.85. Following the sale, the insider directly owned 14,035 shares in the company, valued at approximately $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On 3M

Several institutional investors have recently modified their holdings of the company. Mirador Capital Partners LP boosted its position in shares of 3M by 1.2% during the 3rd quarter. Mirador Capital Partners LP now owns 10,101 shares of the conglomerate’s stock valued at $1,658,000 after purchasing an additional 123 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of 3M by 71.7% in the 3rd quarter. Sound Income Strategies LLC now owns 3,757 shares of the conglomerate’s stock worth $615,000 after purchasing an additional 1,569 shares during the last quarter. Riversedge Advisors LLC acquired a new position in shares of 3M in the 3rd quarter worth approximately $214,000. Wedmont Private Capital raised its holdings in shares of 3M by 52.9% in the 3rd quarter. Wedmont Private Capital now owns 7,957 shares of the conglomerate’s stock worth $1,302,000 after purchasing an additional 2,754 shares in the last quarter. Finally, Central Bank & Trust Co. raised its holdings in shares of 3M by 6.8% in the 3rd quarter. Central Bank & Trust Co. now owns 1,718 shares of the conglomerate’s stock worth $282,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

3M Stock Up 0.5%

MMM stock opened at $160.74 on Tuesday. The firm has a market cap of $82.90 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.24 and a beta of 0.99. 3M has a 1-year low of $139.34 and a 1-year high of $184.90. The firm has a fifty day moving average price of $171.39 and a two-hundred day moving average price of $160.84. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91.

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, topping analysts’ consensus estimates of $2.25 by $0.15. 3M had a net margin of 11.90% and a return on equity of 115.87%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period last year, the firm posted $2.16 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Research analysts predict that 3M will post 8.97 EPS for the current year.

3M Dividend Announcement

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

About 3M

3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.

The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.