3M (NYSE:MMM) Stock Price Up 10.2% on Earnings Beat

Shares of 3M Company (NYSE:MMM) were up 10.2% during trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $174.51 and last traded at $175.32. Approximately 2,255,895 shares changed hands during trading, a decline of 42% from the average daily volume of 3,913,072 shares. The stock had previously closed at $159.11.

The conglomerate reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.13. 3M had a return on equity of 104.75% and a net margin of 11.14%.The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the business posted $2.16 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS.

3M Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were given a $0.78 dividend. The ex-dividend date was Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 1.8%. 3M’s dividend payout ratio is 60.12%.

More 3M News

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

• Positive Sentiment: 3M beat Q2 expectations, posting adjusted EPS of $2.40 versus $2.27 expected and revenue of $6.5 billion versus $6.4 billion expected, which suggests stronger-than-expected demand and execution. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance
• Positive Sentiment: The company increased FY 2026 adjusted EPS guidance to $8.80 to $8.95 from $8.50 to $8.70, signaling management confidence in continued earnings growth. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance
• Positive Sentiment: Revenue grew 2.5% year over year, while adjusted sales were up 5.4% organically, indicating improving underlying business trends. 3M Press Release
• Neutral Sentiment: 3M also guided FY 2026 revenue to $23.2 billion-$25.4 billion, which brackets the Street estimate and points to a broadly in-line top-line outlook. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance
• Neutral Sentiment: Broader market futures were also firmer this morning, helping support sentiment for cyclical and industrial names like 3M. 5 Things to Know Before the Stock Market Opens on Tuesday
• Negative Sentiment: Operating margin in the quarter declined year over year on a GAAP basis, which could temper enthusiasm if investors focus on profitability quality rather than adjusted results. 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance

Wall Street Analysts Forecast Growth

MMM has been the topic of several research reports. HSBC raised their price objective on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their price target on 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft dropped 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. JPMorgan Chase & Co. raised 3M from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $178.00 to $180.00 in a research note on Friday. Finally, Wolfe Research reiterated an “outperform” rating on shares of 3M in a research note on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $169.43.

Institutional Investors Weigh In On 3M

Institutional investors have recently added to or reduced their stakes in the business. Allied Investment Advisors LLC increased its position in 3M by 4.1% during the 2nd quarter. Allied Investment Advisors LLC now owns 90,579 shares of the conglomerate’s stock worth $14,666,000 after purchasing an additional 3,581 shares during the period. West Paces Advisors Inc. purchased a new position in shares of 3M during the 2nd quarter worth approximately $49,000. Wealth Group Ltd lifted its holdings in shares of 3M by 50.8% in the 2nd quarter. Wealth Group Ltd now owns 7,077 shares of the conglomerate’s stock valued at $1,146,000 after buying an additional 2,383 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of 3M by 11.6% in the second quarter. Valeo Financial Advisors LLC now owns 7,815 shares of the conglomerate’s stock valued at $1,265,000 after buying an additional 814 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of 3M by 3.7% in the second quarter. GAMMA Investing LLC now owns 18,770 shares of the conglomerate’s stock valued at $3,039,000 after buying an additional 661 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

3M Price Performance

The stock has a fifty day moving average of $156.43 and a two-hundred day moving average of $156.09. The stock has a market cap of $91.11 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The company has a quick ratio of 1.19, a current ratio of 1.59 and a debt-to-equity ratio of 3.29.

About 3M

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).