3M (NYSE:MMM) Price Target Raised to $225.00

3M (NYSE:MMM) had its target price lifted by research analysts at The Goldman Sachs Group from $200.00 to $225.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. The Goldman Sachs Group‘s price target indicates a potential upside of 18.91% from the company’s current price.

Other equities analysts have also issued research reports about the stock. UBS Group set a $230.00 price objective on shares of 3M in a research report on Wednesday. Sanford C. Bernstein lifted their target price on shares of 3M from $171.00 to $197.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. boosted their price target on 3M from $191.00 to $210.00 and gave the company an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of 3M in a research note on Wednesday, October 21st. Finally, Citigroup raised their price objective on 3M from $183.00 to $188.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $190.07.

3M Price Performance

Shares of NYSE:MMM traded down $4.74 on Thursday, reaching $189.22. 1,915,996 shares of the company were exchanged, compared to its average volume of 3,704,957. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 3.01. 3M has a 1-year low of $139.34 and a 1-year high of $196.90. The firm has a market cap of $97.77 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. The company has a 50-day moving average of $168.68 and a 200-day moving average of $161.55.

3M (NYSE:MMM) last posted its earnings results on Tuesday, October 20th. The conglomerate reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.12. 3M had a return on equity of 123.11% and a net margin of 14.01%. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the previous year, the business earned $2.19 earnings per share. 3M’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts forecast that 3M will post 9.14 earnings per share for the current fiscal year.

3M declared that its Board of Directors has approved a share repurchase program on Wednesday, November 4th that permits the company to buy back $6 billion in outstanding shares. This repurchase authorization permits the conglomerate to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of 3M

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Security National Bank of SO Dak acquired a new position in 3M in the second quarter worth about $32,000. DecisionPoint Financial LLC raised its stake in 3M by 2,387.5% during the third quarter. DecisionPoint Financial LLC now owns 199 shares of the conglomerate’s stock valued at $32,000 after buying an additional 191 shares in the last quarter. Trellis Wealth Advisors LLC acquired a new stake in 3M during the third quarter valued at approximately $33,000. Latitude Advisors LLC bought a new position in 3M during the 3rd quarter worth approximately $34,000. Finally, Compass Financial Management LLC bought a new position in 3M during the 2nd quarter worth approximately $38,000. Institutional investors own 65.25% of the company’s stock.

More 3M News

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

• Positive Sentiment: Safety & Industrial growth is picking up. Broad-based market strength, margin expansion and productivity gains are supporting the segment and an upbeat 2026 outlook. Read article: 3M’s Safety & Industrial Growth Picks Up
• Positive Sentiment: 3M authorized up to $6 billion in new stock repurchases, on top of $1.5 billion remaining under its prior authorization. The program may support shareholder returns and signal management confidence; it does not guarantee purchases at any particular pace. 3M also declared a quarterly dividend of $0.78 per share. Read article: 3M Board Approves New $6 Billion Share Repurchase Authorization
• Positive Sentiment: AWS collaboration could position 3M for AI data-center demand. The companies plan to scale 3M’s Expanded Beam Optical platform for data-center connectivity, with the initiative expected to create more than 500 jobs. Read article: 3M Expands AI Data Center Optics Push
• Positive Sentiment: JPMorgan raised its price target to $210 and reiterated an Overweight rating, reflecting a more bullish analyst view. Read article: JPMorgan raises 3M price target
• Positive Sentiment: PFAS personal-injury settlement may remove a major legal overhang. 3M agreed to a resolution with a commitment of $5.8 billion in present value through 2034, covering a broad set of AFFF-related claims. UBS characterized the settlement as less costly than investors had expected. Read article: 3M Reaches Broad Resolution of AFFF Personal Injury Litigation
• Negative Sentiment: The PFAS deal still carries financial and execution risk: the announced settlement is described as up to $7.35 billion, and reports say a participation threshold has not been publicly disclosed. The final cost and effectiveness of resolving claims therefore remain important uncertainties. Read article: 3M’s Forever Chemicals Bill Just Grew by Billions

About 3M

3M is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it developed from a mining venture into a global enterprise known for applying materials science and engineering to a broad range of industrial, commercial and consumer applications.

The company develops and manufactures products including adhesives, abrasives, filtration systems, personal protective equipment, medical and dental supplies, electrical and electronic materials, automotive components, reflective materials and workplace safety solutions.