Braun Stacey Associates Inc. Purchases 4,895 Shares of 3M Company $MMM

Braun Stacey Associates Inc. raised its position in 3M Company (NYSE:MMM) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 186,491 shares of the conglomerate’s stock after buying an additional 4,895 shares during the period. Braun Stacey Associates Inc.’s holdings in 3M were worth $30,195,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. North Star Asset Management Inc. purchased a new stake in shares of 3M during the second quarter valued at approximately $1,424,000. Birmingham Capital Management Co. Inc. AL purchased a new position in 3M in the second quarter worth $4,593,000. Davis Asset Management L.P. bought a new position in 3M in the 2nd quarter valued at $130,000. Pinnacle West Asset Management Inc. bought a new position in 3M in the 2nd quarter valued at $814,000. Finally, Foster & Motley Inc. purchased a new stake in shares of 3M during the 2nd quarter valued at $624,000. Institutional investors own 65.25% of the company’s stock.

Insider Activity at 3M

In related news, insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of 3M stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $182.51, for a total value of $663,423.85. Following the completion of the transaction, the insider directly owned 14,035 shares in the company, valued at approximately $2,561,527.85. The trade was a 20.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

3M Stock Down 2.6%

Shares of NYSE MMM opened at $174.14 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.24 and a quick ratio of 0.91. The stock has a market capitalization of $89.81 billion, a PE ratio of 30.93, a P/E/G ratio of 2.17 and a beta of 1.01. 3M Company has a one year low of $139.34 and a one year high of $184.90. The business’s fifty day moving average price is $171.09 and its 200-day moving average price is $159.46.

3M (NYSE:MMM) last announced its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the firm posted $2.16 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. On average, equities research analysts anticipate that 3M Company will post 8.96 EPS for the current year.

3M Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 24th will be given a $0.78 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $3.12 annualized dividend and a dividend yield of 1.8%. 3M’s payout ratio is 55.42%.

Wall Street Analysts Forecast Growth

MMM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $192.00 target price on shares of 3M in a research note on Wednesday, July 22nd. Wolfe Research restated an “outperform” rating on shares of 3M in a report on Thursday, July 9th. Sanford C. Bernstein lifted their price objective on shares of 3M from $140.00 to $145.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. upgraded shares of 3M from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $178.00 to $180.00 in a research note on Friday, July 17th. Finally, Jefferies Financial Group increased their target price on shares of 3M from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Monday, June 29th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $177.21.

3M 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).