3M (NYSE:MMM) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

3M (NYSE:MMM) had its price target hoisted by research analysts at Royal Bank Of Canada from $132.00 to $135.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “underperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s target price points to a potential downside of 21.21% from the company’s current price.

Several other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on 3M from $192.00 to $194.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. The Goldman Sachs Group restated a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Citigroup restated a “neutral” rating on shares of 3M in a report on Wednesday. Wolfe Research reaffirmed an “outperform” rating on shares of 3M in a research report on Thursday, July 9th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of 3M in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $182.71.

3M Trading Up 5.8%

NYSE:MMM opened at $171.34 on Wednesday. The business’s 50-day moving average is $169.35 and its two-hundred day moving average is $161.70. 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 has a 12 month low of $139.34 and a 12 month high of $184.90. The firm has a market capitalization of $88.36 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99.

3M (NYSE:MMM) last issued its earnings results on Tuesday, October 20th. The conglomerate reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.12. 3M had a return on equity of 115.87% and a net margin of 11.90%. The company had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the prior year, the business earned $2.19 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. Research analysts predict that 3M will post 8.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Karin Chavez sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total transaction of $663,423.85. Following the completion of the sale, the insider directly owned 14,035 shares in the company, valued at $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Security National Bank of SO Dak acquired a new stake in 3M during the 2nd quarter valued at approximately $32,000. Trellis Wealth Advisors LLC acquired a new position in shares of 3M in the 3rd quarter valued at approximately $33,000. Compass Financial Management LLC acquired a new position in shares of 3M in the 2nd quarter valued at approximately $38,000. Cornerstone Planning Group LLC boosted its stake in shares of 3M by 32.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock valued at $42,000 after buying an additional 71 shares during the last quarter. Finally, West Paces Advisors Inc. purchased a new position in shares of 3M during the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M News Roundup

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

• Positive Sentiment: Q3 earnings beat expectations: Adjusted EPS rose 12% year over year to $2.50, exceeding analysts’ $2.38 estimate. Adjusted operating margin expanded to 26.2%, while GAAP EPS increased 70% to $2.63. 3M Reports Third-Quarter 2026 Results; Raises Full-Year EPS Guidance
• Positive Sentiment: Full-year outlook raised: 3M now expects 2026 adjusted EPS of $9.10 to $9.15, marking the third consecutive quarterly increase to its earnings outlook. Management cited cost controls, pricing actions and improved operating performance. 3M raises 2026 earnings guidance after quarterly profit growth
• Positive Sentiment: Amazon data-center agreement adds a growth catalyst: The expanded commercial relationship is tied to as much as $6 billion in data-center sales. Amazon received warrants to purchase approximately $521 million of 3M stock, with most vesting linked to purchases of optical-connectivity and other data-center products. Amazon Gets Warrant to Buy $521.4 Million of 3M Stock in Expanded Data Center Partnership
• Positive Sentiment: New-product momentum is encouraging: Sales of new products reportedly increased 34% year to date to nearly $3 billion, supporting the view that CEO Bill Brown’s turnaround strategy is gaining traction. 3M: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Revenue growth remains modest: Quarterly sales were approximately $6.6 billion, broadly in line with expectations, with adjusted organic growth of 3.3%. Investors will likely monitor whether data-center demand can accelerate overall growth. 3M Reports Q3 2026 In Line With Expectations
• Negative Sentiment: Potential dilution from Amazon warrants: The warrants could increase 3M’s share count if performance conditions are met, although the dilution would be linked to substantial future customer purchases and revenue.

3M Company Profile

3M is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it developed from a mining venture into a global enterprise known for applying materials science and engineering to a broad range of industrial, commercial and consumer applications.

The company develops and manufactures products including adhesives, abrasives, filtration systems, personal protective equipment, medical and dental supplies, electrical and electronic materials, automotive components, reflective materials and workplace safety solutions.