3M (NYSE:MMM) Updates FY 2026 Earnings Guidance

3M (NYSE:MMM) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 8.800-8.950 for the period, compared to the consensus estimate of 8.710. The company issued revenue guidance of $23.2 billion-$25.4 billion, compared to the consensus revenue estimate of $25.1 billion.

3M Stock Performance

Shares of NYSE:MMM opened at $159.60 on Tuesday. 3M has a 12-month low of $139.34 and a 12-month high of $177.41. The company’s 50 day moving average price is $156.43 and its two-hundred day moving average price is $156.09. The firm has a market cap of $83.24 billion, a PE ratio of 30.75, a PEG 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.

3M (NYSE:MMM) last issued its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.16. 3M had a return on equity of 104.75% and a net margin of 11.14%.The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.04 billion. During the same period in the previous year, the company posted $1.88 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts predict that 3M will post 8.74 earnings per share for the current year.

3M Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, May 22nd. 3M’s dividend payout ratio is presently 60.12%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of 3M from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $178.00 to $180.00 in a research report on Friday. Jefferies Financial Group lifted their target price on shares of 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Monday, June 29th. Royal Bank Of Canada dropped their price target on shares of 3M from $133.00 to $123.00 and set an “underperform” rating on the stock in a research report on Thursday, July 16th. Weiss Ratings cut 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Finally, Citigroup reduced their target price on 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. 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. Based on data from MarketBeat, 3M has an average rating of “Hold” and a consensus target price of $169.43.

Hedge Funds Weigh In On 3M

Several large investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its holdings in shares of 3M by 2.9% in the fourth quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock worth $25,084,000 after acquiring an additional 4,372 shares during the period. NewEdge Advisors LLC increased its position in shares of 3M by 4.5% during the third quarter. NewEdge Advisors LLC now owns 50,066 shares of the conglomerate’s stock valued at $7,769,000 after buying an additional 2,153 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of 3M by 11.2% in the third quarter. Integrated Wealth Concepts LLC now owns 35,915 shares of the conglomerate’s stock worth $5,573,000 after buying an additional 3,604 shares in the last quarter. Align Financial LLC bought a new position in shares of 3M in the fourth quarter valued at approximately $4,101,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake 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 valued at $3,289,000 after acquiring an additional 2,203 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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).