Rep. Julia Letlow Unloads 3M Company (NYSE:MMM) Stock

Representative Julia Letlow (Republican-Louisiana) recently sold shares of 3M Company (NYSE:MMM). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in 3M stock on February 2nd. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of HF Sinclair (NYSE:DINO) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of BXP (NYSE:BXP) on 2/20/2026.
• Purchased $1,001 – $15,000 in shares of Travelers Companies (NYSE:TRV) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of Expand Energy (NASDAQ:EXE) on 2/17/2026.
• Sold $1,001 – $15,000 in shares of Public Service Enterprise Group (NYSE:PEG) on 2/17/2026.
• Purchased $1,001 – $15,000 in shares of Vistra (NYSE:VST) on 2/17/2026.
• Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 2/12/2026.
• Purchased $1,001 – $15,000 in shares of Extra Space Storage (NYSE:EXR) on 2/12/2026.
• Sold $1,001 – $15,000 in shares of Icon (NASDAQ:ICLR) on 2/12/2026.
• Purchased $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 2/12/2026.

3M Price Performance

Shares of MMM traded down $0.07 during midday trading on Monday, reaching $142.97. The stock had a trading volume of 318,646 shares, compared to its average volume of 4,200,554. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 2.30. The company has a market capitalization of $74.69 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.08 and a beta of 1.08. The company’s 50-day moving average is $158.64 and its 200 day moving average is $161.22. 3M Company has a 12-month low of $121.98 and a 12-month high of $177.41.

3M (NYSE:MMM) last released its earnings results on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.03. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.03 billion. 3M had a return on equity of 95.36% and a net margin of 13.03%.3M’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. On average, equities analysts predict that 3M Company will post 7.8 EPS for the current fiscal year.

3M Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 13th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.2%. This is an increase from 3M’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Friday, February 13th. 3M’s dividend payout ratio is presently 52.00%.

Institutional Trading of 3M

A number of institutional investors have recently modified their holdings of MMM. American Trust raised its holdings in 3M by 3.4% in the fourth quarter. American Trust now owns 1,803 shares of the conglomerate’s stock worth $289,000 after purchasing an additional 60 shares in the last quarter. Walter & Keenan Wealth Management LLC IN ADV grew its position in shares of 3M by 1.0% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,045 shares of the conglomerate’s stock worth $938,000 after buying an additional 61 shares during the period. Private Trust Co. NA increased its stake in shares of 3M by 0.8% in the 3rd quarter. Private Trust Co. NA now owns 9,205 shares of the conglomerate’s stock worth $1,428,000 after acquiring an additional 69 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. increased its stake in shares of 3M by 6.0% in the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 1,255 shares of the conglomerate’s stock worth $195,000 after acquiring an additional 71 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in 3M by 4.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,802 shares of the conglomerate’s stock valued at $288,000 after acquiring an additional 72 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MMM has been the topic of a number of recent research reports. Wolfe Research raised their price objective on 3M from $196.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Mizuho set a $160.00 target price on 3M in a report on Wednesday, January 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a $182.00 price target on shares of 3M in a research report on Friday, January 16th. Barclays boosted their price objective on 3M from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Finally, Citigroup dropped their price objective on 3M from $181.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $175.90.

Insider Buying and Selling

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of 3M stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total transaction of $888,798.75. Following the completion of the transaction, the chief accounting officer owned 2,585 shares in the company, valued at approximately $446,558.75. The trade was a 66.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by insiders.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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).