L & S Advisors Inc Cuts Position in 3M Company $MMM

L & S Advisors Inc decreased its holdings in 3M Company (NYSE:MMM) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,615 shares of the conglomerate’s stock after selling 12,701 shares during the quarter. L & S Advisors Inc’s holdings in 3M were worth $7,303,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MMM. PFA Pension Forsikringsaktieselskab purchased a new position in 3M in the fourth quarter worth $65,009,000. SG Americas Securities LLC raised its position in 3M by 806.1% in 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 in the last quarter. Allstate Corp purchased a new position in 3M in the third quarter worth $3,087,000. FSA Advisors Inc. purchased a new position in 3M in the fourth quarter worth $1,625,000. Finally, Inspire Trust Co. N.A. raised its position in 3M by 21.9% in the third quarter. Inspire Trust Co. N.A. now owns 39,000 shares of the conglomerate’s stock worth $6,052,000 after acquiring an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of 3M in a research report on Monday, May 4th. Mizuho set a $160.00 price objective on 3M in a research report on Wednesday, January 21st. Royal Bank Of Canada cut their price objective on 3M from $134.00 to $133.00 and set an “underperform” rating for the company in a research report on Wednesday, April 22nd. Morgan Stanley upped their target price on 3M from $160.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on 3M from $181.00 to $171.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $171.17.

3M Stock Up 0.8%

3M stock opened at $146.30 on Friday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.19 and a current ratio of 1.59. The firm has a market capitalization of $76.31 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. 3M Company has a fifty-two week low of $139.34 and a fifty-two week high of $177.41. The stock’s fifty day moving average is $147.39 and its two-hundred day moving average is $158.93.

3M (NYSE:MMM) last posted its earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, beating the consensus estimate 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%.3M’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.88 earnings per share. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Analysts predict that 3M Company will post 8.7 EPS for the current fiscal year.

3M Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 22nd. 3M’s dividend payout ratio (DPR) is currently 60.12%.

3M 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).