3M Target of Unusually Large Options Trading (NYSE:MMM)

3M Company (NYSE:MMM) saw unusually large options trading on Monday. Stock traders bought 10,302 call options on the stock. This is an increase of approximately 31% compared to the average volume of 7,882 call options.

3M Stock Performance

Shares of NYSE:MMM traded up $1.06 during trading on Monday, reaching $154.82. The company had a trading volume of 829,544 shares, compared to its average volume of 3,968,387. The firm has a market capitalization of $80.75 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.19. The stock’s fifty day moving average price is $148.31 and its 200 day moving average price is $157.44. 3M has a fifty-two week low of $139.34 and a fifty-two week high of $177.41.

3M (NYSE:MMM) last posted its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.16. 3M had a return on equity of 104.75% and a net margin of 11.14%.The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.04 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. As a group, equities research analysts predict that 3M will post 8.7 EPS for the current year.

3M Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a $0.78 dividend. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.0%. 3M’s payout ratio is 60.12%.

Institutional Trading of 3M

A number of institutional investors have recently modified their holdings of MMM. Brighton Jones LLC boosted its stake in shares of 3M by 26.6% in the fourth quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate’s stock valued at $1,149,000 after buying an additional 1,872 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of 3M by 10.2% in the fourth quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock valued at $355,000 after buying an additional 255 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in 3M by 11.4% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate’s stock worth $3,289,000 after purchasing an additional 2,203 shares in the last quarter. WFA of San Diego LLC purchased a new stake in 3M during the second quarter worth $61,000. Finally, Morse Asset Management Inc boosted its position in 3M by 1.8% during the second quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate’s stock worth $1,568,000 after purchasing an additional 185 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MMM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on 3M from $181.00 to $171.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Jefferies Financial Group lifted their price target on 3M from $160.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price target on 3M from $182.00 to $178.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. HSBC lifted their price target on 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada cut their price target on 3M from $134.00 to $133.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $171.17.

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).