OVERSEA CHINESE BANKING Corp Ltd Has $4.49 Million Stake in 3M Company $MMM

OVERSEA CHINESE BANKING Corp Ltd decreased its position in 3M Company (NYSE:MMM) by 17.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,068 shares of the conglomerate’s stock after selling 6,081 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in 3M were worth $4,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MMM. J.Safra Asset Management Corp acquired a new position in 3M in the third quarter valued at $34,000. Westside Investment Management Inc. lifted its holdings in 3M by 77.4% in the third quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after buying an additional 106 shares during the period. Cloud Capital Management LLC acquired a new position in 3M in the third quarter valued at $50,000. Collier Financial acquired a new position in 3M in the third quarter valued at $52,000. Finally, WFA of San Diego LLC acquired a new position in 3M in the second quarter valued at $61,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

3M Price Performance

Shares of NYSE MMM opened at $148.50 on Wednesday. The firm’s 50-day moving average price is $154.27 and its 200-day moving average price is $160.32. 3M Company has a 1-year low of $130.36 and a 1-year high of $177.41. The firm has a market capitalization of $77.58 billion, a P/E ratio of 24.75, a P/E/G ratio of 2.20 and a beta of 1.09. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 2.30.

3M (NYSE:MMM) last posted its earnings results on Tuesday, April 21st. The conglomerate reported $2.14 EPS for the quarter, topping the consensus estimate of $1.98 by $0.16. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.04 billion. 3M had a net margin of 13.03% and a return on equity of 95.36%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Equities research analysts anticipate that 3M Company will post 8.65 earnings per share for the current fiscal year.

3M Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 13th were given a dividend of $0.78 per share. The ex-dividend date of this dividend 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 dividend yield of 2.1%. 3M’s payout ratio is presently 52.00%.

Key Headlines Impacting 3M

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

• Positive Sentiment: Adjusted Q1 EPS topped expectations ($2.14) as margin gains and cost discipline lifted profitability, signaling operational leverage that supports near?term earnings. 3M beats Q1 profit estimates on margin gains, maintains full-year outlook
• Positive Sentiment: Adjusted operating margin and cash flow improved (operating margin ~23.8%, adjusted free cash flow positive), which helps support buybacks/dividends and investor confidence in cash generation. 3M Reports First-Quarter 2026 Results
• Neutral Sentiment: Total revenue was roughly in line/slightly below some estimates (about $6.0B; modest organic growth), indicating demand is steady but not accelerating broadly. Investors will watch segment trends (safety/industrial strength) for signs of sustained recovery. 3M’s Q1 Earnings Top Estimates, Safety & Industrial Sales Increase Y/Y
• Neutral Sentiment: 3M reiterated FY?2026 guidance (EPS $8.50–$8.70; revenue guidance roughly in line with consensus), which reduces forecast uncertainty but didn’t give upside surprises to re?rate the stock higher. 3M Quarterly Profit Falls as 2026 Views Reiterated
• Neutral Sentiment: Broader market tone (e.g., geopolitical headlines like U.S.–Iran talks) may influence intraday moves but is unrelated to company fundamentals. Markets Open Higher
• Negative Sentiment: Some sell?side pressure: Citigroup trimmed its price target ahead of the quarter (keeps Neutral), signaling limited near?term upside per that shop. Citigroup Lowers 3M (MMM) Price Target Ahead of Q1, Keeps Neutral Rating
• Negative Sentiment: GAAP results were weaker (GAAP EPS down and affected by one?time charges and higher tariffs), which can weigh on headline perception despite the adjusted beat. 3M Reports First-Quarter 2026 Results

Analyst Ratings Changes

Several equities analysts recently issued reports on MMM shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $182.00 target price on shares of 3M in a report on Friday, January 16th. Morgan Stanley upped their price objective on shares of 3M from $160.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. Wolfe Research dropped their price objective on shares of 3M from $205.00 to $186.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Jefferies Financial Group dropped their price objective on shares of 3M from $180.00 to $160.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Barclays dropped their price objective on shares of 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Four 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 stock currently has an average rating of “Hold” and a consensus target price of $169.09.

Insider Activity at 3M

In other news, CAO Theresa E. Reinseth sold 5,145 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total transaction of $888,798.75. Following the completion of the sale, the chief accounting officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by insiders.

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).