3M (NYSE:MMM) Issues FY 2026 Earnings Guidance

3M (NYSE:MMM) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 8.500-8.700 for the period, compared to the consensus estimate of 8.650. The company issued revenue guidance of $25.3 billion-$25.3 billion, compared to the consensus revenue estimate of $25.2 billion.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup reduced their target price on 3M from $175.00 to $166.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Barclays reduced their target price on 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Mizuho set a $160.00 target price on 3M in a report on Wednesday, January 21st. Wells Fargo & Company lifted their target price on 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Morgan Stanley lifted their target price on 3M from $160.00 to $165.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $170.27.

3M Stock Performance

Shares of 3M stock opened at $145.72 on Thursday. The firm has a market cap of $76.13 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.16 and a beta of 1.09. The stock’s 50-day moving average is $153.72 and its 200-day moving average is $160.22. 3M has a one year low of $134.85 and a one year high of $177.41. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.33.

3M (NYSE:MMM) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $6.04 billion. 3M had a return on equity of 104.75% and a net margin of 11.14%.The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 earnings per share. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Equities analysts predict that 3M will post 8.65 earnings per share for the current fiscal year.

3M Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 13th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, February 13th. This is a boost from 3M’s previous quarterly dividend of $0.73. This represents a $3.12 annualized dividend and a yield of 2.1%. 3M’s dividend payout ratio is currently 52.00%.

Insider Transactions at 3M

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total transaction of $888,798.75. Following the transaction, the chief accounting officer owned 2,585 shares of the company’s stock, valued at $446,558.75. The trade was a 66.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

3M News Summary

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

• Positive Sentiment: Q1 EPS beat and margin gains — 3M reported adjusted Q1 EPS of $2.14 (above estimates) with margin expansion and cost controls that offset softer organic sales; management maintained full?year outlook, which supports the stock. 3M beats Q1 profit estimates on margin gains, maintains full-year outlook
• Positive Sentiment: Productivity/strategy narrative — coverage highlights productivity gains, pricing and portfolio moves that helped margins despite mixed top-line growth, a narrative investors reward for improving operating leverage. MMM Q1 Deep Dive: Productivity Gains and Strategic Moves Amid Mixed Growth Signals
• Positive Sentiment: Analyst bullishness — Wells Fargo raised its price target to $165 and put an overweight on MMM, signaling fresh buying interest from an institutional analyst. Benzinga: Wells Fargo raises PT to $165
• Positive Sentiment: Additional target increases — Jefferies lifted its PT to $170 (hold), reflecting analyst confidence in 3M’s near-term earnings power. These raises add upward pressure to the stock. Jefferies adjusts 3M price target to $170 from $160, maintains hold rating
• Neutral Sentiment: Deutsche Bank trims target but stays neutral — Deutsche Bank lowered its PT from $181 to $171 while keeping a hold rating; still shows upside vs. current levels but is less constructive than before. Deutsche Bank adjusts 3M price target to $171 from $181, maintains hold rating
• Negative Sentiment: RBC cuts target and rates underperform — RBC trimmed its PT to $133 and kept an underperform rating, which can add selling pressure for investors focused on valuation or downside risk. RBC trims price target on 3M to $133 from $134, keeps underperform rating
• Positive Sentiment: Independent upgrade — A Seeking Alpha piece recommends starting to “nibble” on MMM, reflecting a retail/contrarian bullish view that may attract buyers. 3M: Time To Start Nibbling (Rating Upgrade)

Hedge Funds Weigh In On 3M

A number of institutional investors have recently bought and sold shares of MMM. Brighton Jones LLC grew its position in 3M by 26.6% during the fourth quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate’s stock worth $1,149,000 after buying an additional 1,872 shares in the last quarter. Bison Wealth LLC grew its position in 3M by 10.2% during the fourth quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock worth $355,000 after buying an additional 255 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in 3M by 11.4% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate’s stock worth $3,289,000 after buying an additional 2,203 shares in the last quarter. WFA of San Diego LLC acquired a new stake in 3M during the second quarter worth approximately $61,000. Finally, Morse Asset Management Inc grew its position in 3M by 1.8% during the second quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate’s stock worth $1,568,000 after buying an additional 185 shares in the last quarter. 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).