Rep. Josh Gottheimer Sells 3M Company (NYSE:MMM) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of 3M Company (NYSE:MMM). In a filing disclosed on November 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in 3M stock on October 20th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of NetEase (NASDAQ:NTES) on 10/17/2025.
• Purchased $1,001 – $15,000 in shares of NiCE (NASDAQ:NICE) on 10/17/2025.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 10/16/2025.
• Purchased $1,001 – $15,000 in shares of CommVault Systems (NASDAQ:CVLT) on 9/23/2025.
• Sold $1,001 – $15,000 in shares of Baldwin Insurance Group (NASDAQ:BWIN) on 9/23/2025.
• Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/22/2025.
• Sold $1,001 – $15,000 in shares of Diageo (NYSE:DEO) on 9/22/2025.
• Purchased $1,001 – $15,000 in shares of Natera (NASDAQ:NTRA) on 9/22/2025.
• Purchased $1,001 – $15,000 in shares of Independence Realty Trust (NYSE:IRT) on 9/22/2025.
• Purchased $1,001 – $15,000 in shares of Sysmex (OTCMKTS:SSMXY) on 9/22/2025.

3M Price Performance

NYSE:MMM traded up $3.47 during trading hours on Friday, hitting $168.08. 3,167,081 shares of the stock were exchanged, compared to its average volume of 3,585,901. The firm’s fifty day moving average price is $160.26 and its 200 day moving average price is $154.47. 3M Company has a 52-week low of $121.98 and a 52-week high of $172.85. The company has a market cap of $89.29 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.90 and a beta of 1.06. 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 (NYSE:MMM) last released its earnings results on Tuesday, February 21st. The conglomerate reported $2.45 earnings per share for the quarter. The business had revenue of $8.38 billion for the quarter. 3M had a return on equity of 98.47% and a net margin of 13.70%. As a group, equities research analysts anticipate that 3M Company will post 7.8 EPS for the current fiscal year.

3M Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 14th. 3M’s payout ratio is 46.65%.

Institutional Trading of 3M

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nippon Life Global Investors Americas Inc. increased its position in shares of 3M by 1.8% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 429,850 shares of the conglomerate’s stock worth $63,128,000 after purchasing an additional 7,620 shares during the last quarter. Farther Finance Advisors LLC lifted its position in 3M by 15.8% in the second quarter. Farther Finance Advisors LLC now owns 12,137 shares of the conglomerate’s stock valued at $1,848,000 after buying an additional 1,652 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in 3M by 12.0% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 40,875 shares of the conglomerate’s stock worth $6,218,000 after buying an additional 4,384 shares during the period. Aegis Wealth Management LLC boosted its stake in 3M by 50.8% during the first quarter. Aegis Wealth Management LLC now owns 13,101 shares of the conglomerate’s stock worth $1,924,000 after buying an additional 4,411 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of 3M in the 1st quarter valued at approximately $68,822,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Insider Activity at 3M

In other news, EVP Mark W. Murphy sold 19,061 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $166.55, for a total transaction of $3,174,609.55. Following the completion of the transaction, the executive vice president directly owned 6,594 shares in the company, valued at $1,098,230.70. This trade represents a 74.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Zoe L. Dickson sold 13,826 shares of 3M 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 completion of the sale, the executive vice president directly owned 6,162 shares of the company’s stock, valued at $1,046,184.36. The trade was a 69.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 46,516 shares of company stock worth $7,836,465. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MMM shares. Royal Bank Of Canada raised their price objective on 3M from $120.00 to $130.00 and gave the company an “underperform” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of 3M from $177.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Wells Fargo & Company boosted their price target on shares of 3M from $176.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $160.00 target price on shares of 3M and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Finally, UBS Group increased their price target on 3M from $184.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, 3M has an average rating of “Moderate Buy” and a consensus target price of $175.10.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

3M Company Profile

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.