Oslo Pensjonsforsikring AS Acquires Shares of 2,989 3M Company $MMM

Oslo Pensjonsforsikring AS bought a new position in 3M Company (NYSE:MMM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,989 shares of the conglomerate’s stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MMM. SG Americas Securities LLC boosted its stake in 3M by 806.1% in the 4th quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock worth $50,345,000 after purchasing an additional 279,757 shares in the last quarter. FSA Advisors Inc. bought a new stake in 3M during the 4th quarter valued at about $1,625,000. PFA Pension Forsikringsaktieselskab purchased a new position in 3M in the fourth quarter worth about $65,009,000. Catalyst Funds Management Pty Ltd raised its holdings in 3M by 260.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 17,300 shares of the conglomerate’s stock worth $2,770,000 after buying an additional 12,500 shares during the last quarter. Finally, First Bank & Trust bought a new position in shares of 3M in the fourth quarter worth approximately $828,000. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $192.00 price objective on shares of 3M in a report on Wednesday. Weiss Ratings downgraded 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Sanford C. Bernstein lifted their target price on 3M from $140.00 to $145.00 and gave the stock an “underperform” rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price target on 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $175.79.

3M Stock Down 0.0%

MMM opened at $170.72 on Thursday. The stock has a market capitalization of $89.04 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 2.37 and a beta of 1.02. The firm has a 50 day moving average price of $157.47 and a 200-day moving average price of $156.25. 3M Company has a twelve month low of $139.34 and a twelve month high of $177.41. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 3.63.

3M (NYSE:MMM) last issued its earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.40 billion. During the same quarter last year, the company posted $2.16 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Equities research analysts forecast that 3M Company will post 8.88 earnings per share for the current year.

3M Dividend Announcement

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

Key 3M News

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

• Positive Sentiment: 3M beat Wall Street’s Q2 expectations, posting adjusted EPS of $2.40 versus estimates around $2.24-$2.25 and revenue of $6.5 billion versus about $6.4 billion expected, signaling stronger-than-expected demand and execution. Article Title
• Positive Sentiment: The company raised 2026 guidance, increasing adjusted EPS outlook to $8.80-$8.95 from $8.50-$8.70, which suggests management is seeing continued momentum and better profitability ahead. Article Title
• Positive Sentiment: Management pointed to stronger pricing, cost reductions, and resilient demand in Safety & Industrial and Transportation & Electronics, supporting the view that margins and cash flow are improving. Article Title
• Neutral Sentiment: Analysts have started adjusting forecasts higher after the results, but views remain mixed, so the earnings beat is helping sentiment even as some firms keep cautious ratings. Article Title
• Negative Sentiment: Royal Bank of Canada lifted its price target but kept an underperform rating, reflecting concern that the stock may already be pricing in much of the recovery. Article Title

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).