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

3M (NYSE:MMM) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 8.50-8.700 for the period, compared to the consensus estimate of 8.610. The company issued revenue guidance of $25.3 billion-$25.3 billion, compared to the consensus revenue estimate of $25.0 billion.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MMM. Wells Fargo & Company boosted their price target on 3M from $176.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Wolfe Research cut their target price on 3M from $197.00 to $196.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $182.00 target price on shares of 3M in a report on Friday. Royal Bank Of Canada restated an “underperform” rating and issued a $131.00 price target on shares of 3M in a report on Thursday. Finally, Citigroup lifted their price objective on shares of 3M from $160.00 to $169.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $175.80.

3M Stock Performance

Shares of NYSE MMM traded down $12.83 during midday trading on Tuesday, reaching $154.98. The company had a trading volume of 4,608,678 shares, compared to its average volume of 3,219,429. The stock has a market cap of $82.33 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.34 and a beta of 1.09. The company has a current ratio of 1.84, a quick ratio of 1.40 and a debt-to-equity ratio of 2.54. 3M has a 1 year low of $121.98 and a 1 year high of $174.69. The business’s 50-day simple moving average is $166.12 and its 200 day simple moving average is $159.62.

3M (NYSE:MMM) last issued its quarterly earnings results on Tuesday, January 20th. The conglomerate reported $1.83 EPS for the quarter, hitting analysts’ consensus estimates of $1.83. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.03 billion. 3M had a return on equity of 98.47% and a net margin of 13.70%.The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. On average, analysts forecast that 3M will post 7.8 earnings per share for the current fiscal year.

3M Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 14th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.9%. 3M’s dividend payout ratio (DPR) is currently 46.65%.

Insider Activity at 3M

In other 3M news, EVP Zoe L. Dickson sold 13,826 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $169.78, for a total value of $2,347,378.28. Following the sale, the executive vice president directly owned 6,162 shares of the company’s stock, valued at approximately $1,046,184.36. This represents a 69.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark W. Murphy sold 19,061 shares of 3M stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $166.55, for a total value of $3,174,609.55. Following the transaction, the executive vice president owned 6,594 shares of the company’s stock, valued at $1,098,230.70. The trade was a 74.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 46,516 shares of company stock valued at $7,836,465. Company insiders own 0.48% of the company’s stock.

3M News Summary

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

• Positive Sentiment: Better-than-feet-forwards margins and cash flow — 3M posted adjusted operating-margin expansion, adjusted EPS growth, and roughly $1.3B of adjusted free cash flow in Q4, supporting its ability to sustain buybacks and dividend restoration. 3M Reports Fourth-Quarter and Full-Year 2025 Results; Initiates Full-Year 2026 Financial Guidance
• Positive Sentiment: Management sees faster revenue growth in 2026 and reiterated guidance for 2026 EPS (midpoint ~ $8.60), which underpins a constructive multi-year outlook for earnings and capital returns. This supports the bulls’ case that growth and buybacks/dividends can drive longer-term upside. 3M Sees Faster Revenue Growth in 2026 After Strong 4th-Quarter Sales
• Neutral Sentiment: Quarterly results were largely as-expected: adjusted EPS roughly met/beat consensus while reported revenue was marginally below some estimates; organically revenue showed low-single-digit growth. Investors are digesting the mixed read. Listen to Conference Call
• Neutral Sentiment: Macroeconomic/calendar noise (Davos/President Trump appearance, busy economic week) adds background volatility that can amplify reactions to corporate guidance but is not a company-specific driver. Q4 Earnings, Davos Tension Inform Late Start to Trading Week
• Negative Sentiment: Guidance/forecast disappointed some investors and analysts — commentary that the profit/revenue outlook was less aggressive than hoped prompted selling despite the solid quarter, which is the main reason the stock is lower today. 3M Stock Sinks as Profit Forecast Disappoints

Hedge Funds Weigh In On 3M

A number of hedge funds have recently made changes to their positions in MMM. Brighton Jones LLC lifted its stake in shares of 3M by 26.6% in 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 lifted 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 boosted its stake 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 during the last quarter. WFA of San Diego LLC purchased a new stake in 3M in the 2nd quarter valued at $61,000. Finally, Morse Asset Management Inc increased its stake in shares of 3M by 1.8% in the 2nd quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate’s stock worth $1,568,000 after acquiring an additional 185 shares during 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).