3M Company (NYSE:MMM) Receives $175.36 Average Target Price from Analysts

Shares of 3M Company (NYSE:MMM) have been assigned an average recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $175.3636.

MMM has been the topic of a number of research analyst reports. Mizuho set a $160.00 price target on 3M in a research note on Wednesday, January 21st. UBS Group raised their target price on shares of 3M from $184.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Barclays upped their price target on shares of 3M from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Wells Fargo & Company lowered their price objective on shares of 3M from $183.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada increased their target price on 3M from $131.00 to $136.00 and gave the stock an “underperform” rating in a research report on Wednesday, January 21st.

3M Price Performance

3M stock opened at $153.30 on Thursday. The stock has a market capitalization of $81.44 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.14 and a beta of 1.09. 3M has a 12-month low of $121.98 and a 12-month high of $174.69. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.71 and a quick ratio of 1.33. The firm’s 50-day moving average is $164.01 and its two-hundred day moving average is $159.72.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.03. The business had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.03 billion. 3M had a net margin of 13.03% and a return on equity of 95.36%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 earnings per share. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Equities analysts predict that 3M will post 7.8 earnings per share for the current year.

Insider Buying and Selling at 3M

In other news, EVP Zoe L. Dickson sold 13,826 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $169.78, for a total transaction of $2,347,378.28. Following the completion of the sale, the executive vice president owned 6,162 shares in the company, valued at approximately $1,046,184.36. The trade was a 69.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 3M

Several institutional investors have recently bought and sold shares of the business. Walter & Keenan Wealth Management LLC IN ADV lifted its holdings in shares of 3M by 1.0% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,045 shares of the conglomerate’s stock valued at $938,000 after acquiring an additional 61 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of 3M by 0.8% during the third quarter. Private Trust Co. NA now owns 9,205 shares of the conglomerate’s stock worth $1,428,000 after purchasing an additional 69 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. boosted its position in shares of 3M by 6.0% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 1,255 shares of the conglomerate’s stock worth $195,000 after buying an additional 71 shares during the period. Harbor Investment Advisory LLC grew its stake in shares of 3M by 4.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,802 shares of the conglomerate’s stock valued at $288,000 after buying an additional 72 shares in the last quarter. Finally, Quent Capital LLC raised its holdings in shares of 3M by 2.6% during the 3rd quarter. Quent Capital LLC now owns 2,845 shares of the conglomerate’s stock valued at $441,000 after buying an additional 73 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

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).