Fort Washington Investment Advisors Inc. OH Acquires 4,628 Shares of 3M Company $MMM

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of 3M Company (NYSE:MMM) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,784 shares of the conglomerate’s stock after buying an additional 4,628 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.07% of 3M worth $61,849,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in shares of 3M by 0.4% during the 2nd quarter. State Street Corp now owns 27,828,966 shares of the conglomerate’s stock worth $4,505,788,000 after purchasing an additional 105,222 shares in the last quarter. Amundi boosted its holdings in shares of 3M by 67.0% in the 2nd quarter. Amundi now owns 4,536,148 shares of the conglomerate’s stock valued at $734,448,000 after buying an additional 1,819,178 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 3M by 7.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,935,534 shares of the conglomerate’s stock valued at $637,202,000 after buying an additional 270,458 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of 3M by 653.6% in the first quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock valued at $344,178,000 after buying an additional 2,055,419 shares in the last quarter. Finally, National Pension Service grew its stake in shares of 3M by 3.6% in the second quarter. National Pension Service now owns 1,401,543 shares of the conglomerate’s stock valued at $226,924,000 after buying an additional 48,167 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Insider Transactions at 3M

In related news, insider Karin Chavez sold 3,635 shares of 3M stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the transaction, the insider directly owned 14,035 shares of the company’s stock, valued at $2,561,527.85. This trade represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is owned by company insiders.

3M Price Performance

Shares of NYSE MMM opened at $164.09 on Thursday. The stock has a market capitalization of $84.63 billion, a PE ratio of 29.15, a P/E/G ratio of 2.27 and a beta of 0.99. The business has a fifty day moving average price of $170.66 and a two-hundred day moving average price of $161.09. 3M Company has a fifty-two week low of $139.34 and a fifty-two week 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.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. 3M had a net margin of 11.90% and a return on equity of 115.87%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the prior year, the company posted $2.16 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, equities analysts predict that 3M Company will post 8.97 earnings per share for the current fiscal year.

3M Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 24th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 24th. 3M’s dividend payout ratio (DPR) is 55.42%.

Wall Street Analyst Weigh In

MMM has been the topic of a number of recent analyst reports. Mizuho boosted their target price on shares of 3M from $160.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Wells Fargo & Company started coverage on 3M in a report on Thursday, September 24th. They set an “equal weight” rating and a $195.00 price target for the company. Weiss Ratings lowered 3M from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on 3M from $192.00 to $194.00 and gave the company a “hold” rating in a research note on Wednesday, September 30th. Finally, Jefferies Financial Group raised their price objective on 3M from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Monday, June 29th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, 3M currently has a consensus rating of “Hold” and an average target price of $181.71.

3M Profile

3M is a diversified technology and manufacturing company that develops products and solutions for industrial, workplace safety, transportation, electronics, consumer and other markets. Its portfolio includes adhesives, abrasives, tapes, films, filtration products, personal protective equipment, reflective materials and advanced materials used in manufacturing and commercial applications.

The company sells a broad range of well-known consumer and office products under brands such as Post-it and Scotch.