3M Company (NYSE:MMM) Given Consensus Recommendation of “Hold” by Brokerages

3M Company (NYSE:MMM) has received an average rating of “Hold” from the fourteen research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $170.00.

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on 3M from $181.00 to $171.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Jefferies Financial Group lifted their target price on 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. UBS Group reissued a “buy” rating on shares of 3M in a report on Friday, March 13th. Wolfe Research dropped their price target on 3M from $205.00 to $186.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group raised 3M to a “buy” rating and set a $190.00 price target for the company in a report on Monday, June 15th.

3M Stock Performance

NYSE MMM opened at $160.58 on Friday. The firm has a market capitalization of $83.75 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a current ratio of 1.59, a quick ratio of 1.19 and a debt-to-equity ratio of 3.29. The firm’s fifty day moving average price is $153.49 and its two-hundred day moving average price is $156.40. 3M has a 1 year low of $139.34 and a 1 year high of $177.41.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.16. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.04 billion. 3M had a net margin of 11.14% and a return on equity of 104.75%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 EPS. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. As a group, research analysts anticipate that 3M will post 8.73 EPS for the current year.

3M Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders 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 annualized dividend and a dividend yield of 1.9%. 3M’s dividend payout ratio is presently 60.12%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MMM. SG Americas Securities LLC boosted its holdings in shares of 3M by 806.1% during the fourth quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock worth $50,345,000 after acquiring an additional 279,757 shares during the period. FSA Advisors Inc. acquired a new position in shares of 3M in the fourth quarter valued at approximately $1,625,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of 3M during the fourth quarter worth approximately $65,009,000. Catalyst Funds Management Pty Ltd increased its stake in shares of 3M by 260.4% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 17,300 shares of the conglomerate’s stock worth $2,770,000 after purchasing an additional 12,500 shares during the period. Finally, First Bank & Trust acquired a new stake in 3M during the 4th quarter worth approximately $828,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

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).