Insider Selling: 3M (NYSE:MMM) Insider Sells $663,423.85 in Stock

3M Company (NYSE:MMM) insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total transaction of $663,423.85. Following the completion of the transaction, the insider owned 14,035 shares of the company’s stock, valued at approximately $2,561,527.85. The trade was a 20.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

3M Price Performance

Shares of NYSE:MMM opened at $182.88 on Friday. The company’s fifty day moving average price is $163.92 and its 200 day moving average price is $157.30. 3M Company has a 12 month low of $139.34 and a 12 month high of $184.90. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91. The firm has a market capitalization of $94.32 billion, a P/E ratio of 32.48, a P/E/G ratio of 2.22 and a beta of 1.01.

3M (NYSE:MMM) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.40 billion. 3M had a net margin of 11.90% and a return on equity of 115.87%. 3M’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.16 earnings per share. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, sell-side analysts predict that 3M Company will post 8.95 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.7%. 3M’s dividend payout ratio is 55.42%.

Hedge Funds Weigh In On 3M

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC acquired a new stake in 3M during the 4th quarter worth approximately $28,000. EQ Wealth Advisors LLC purchased a new position in shares of 3M in the 4th quarter valued at approximately $40,000. Sfam LLC acquired a new position in shares of 3M in the fourth quarter valued at approximately $45,000. Cornerstone Planning Group LLC increased its holdings in shares of 3M by 32.1% in the first quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 71 shares during the period. Finally, West Paces Advisors Inc. purchased a new stake in shares of 3M during the second quarter worth approximately $49,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Wolfe Research reissued an “outperform” rating on shares of 3M in a report on Thursday, July 9th. Weiss Ratings upgraded shares of 3M from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. Mizuho lifted their target price on shares of 3M from $160.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of 3M in a research report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, 3M currently has a consensus rating of “Hold” and a consensus target price of $177.21.

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).