Motley Fool Asset Management LLC Acquires 12,697 Shares of 3M Company $MMM

Motley Fool Asset Management LLC raised its holdings in 3M Company (NYSE:MMM) by 34.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,472 shares of the conglomerate’s stock after buying an additional 12,697 shares during the period. Motley Fool Asset Management LLC’s holdings in 3M were worth $7,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Commonwealth Retirement Investments LLC purchased a new stake in shares of 3M in the fourth quarter valued at about $28,000. EQ Wealth Advisors LLC purchased a new stake in shares of 3M in the fourth quarter valued at about $40,000. WFA of San Diego LLC purchased a new stake in shares of 3M in the second quarter valued at about $61,000. Ameriflex Group Inc. raised its holdings in shares of 3M by 245.0% in the third quarter. Ameriflex Group Inc. now owns 414 shares of the conglomerate’s stock valued at $64,000 after purchasing an additional 294 shares during the last quarter. Finally, Dunhill Financial LLC raised its holdings in shares of 3M by 33.6% in the third quarter. Dunhill Financial LLC now owns 461 shares of the conglomerate’s stock valued at $72,000 after purchasing an additional 116 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

3M Stock Performance

NYSE MMM opened at $156.36 on Wednesday. 3M Company has a 52-week low of $139.34 and a 52-week high of $177.41. The company has a 50-day simple moving average of $148.78 and a 200 day simple moving average of $157.28. 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 company has a market capitalization of $81.55 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03.

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

3M Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays lowered their target price on shares of 3M from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Royal Bank Of Canada lowered their target price on shares of 3M from $134.00 to $133.00 and set an “underperform” rating for the company in a report on Wednesday, April 22nd. Citigroup lowered their target price on shares of 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Wells Fargo & Company increased their target price on shares of 3M from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, HSBC increased their target price on shares of 3M from $175.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, 3M has a consensus rating of “Hold” and an average 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).