denkapparat Operations GmbH Invests $614,000 in 3M Company $MMM

denkapparat Operations GmbH purchased a new stake in shares of 3M Company (NYSE:MMM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,790 shares of the conglomerate’s stock, valued at approximately $614,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMM. Brighton Jones LLC boosted its position in shares of 3M by 26.6% in the fourth quarter. Brighton Jones LLC now owns 8,898 shares of the conglomerate’s stock worth $1,149,000 after buying an additional 1,872 shares during the period. Bison Wealth LLC lifted its stake in 3M by 10.2% in the 4th quarter. Bison Wealth LLC now owns 2,751 shares of the conglomerate’s stock worth $355,000 after acquiring an additional 255 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in 3M by 11.4% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,606 shares of the conglomerate’s stock worth $3,289,000 after acquiring an additional 2,203 shares during the period. WFA of San Diego LLC acquired a new stake in 3M during the 2nd quarter worth about $61,000. Finally, Morse Asset Management Inc grew its stake in 3M by 1.8% during the 2nd quarter. Morse Asset Management Inc now owns 10,301 shares of the conglomerate’s stock valued at $1,568,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on 3M from $166.00 to $183.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. raised shares of 3M from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $178.00 to $180.00 in a research report on Friday, July 17th. Royal Bank Of Canada upped their price objective on shares of 3M from $123.00 to $132.00 and gave the company an “underperform” rating in a research note on Wednesday, July 22nd. UBS Group increased their target price on shares of 3M from $190.00 to $218.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Sanford C. Bernstein lifted their target price on shares of 3M from $140.00 to $145.00 and gave the company an “underperform” rating in a research note on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, 3M currently has an average rating of “Hold” and an average price target of $177.21.

3M Stock Performance

Shares of MMM opened at $168.44 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 company’s fifty day moving average price is $171.58 and its 200 day moving average price is $159.35. The company has a market capitalization of $86.87 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. 3M Company has a one year low of $139.34 and a one year high of $184.90.

3M (NYSE:MMM) last posted its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share for the quarter, beating 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 analysts’ expectations of $6.40 billion. During the same period in the prior year, the business earned $2.16 earnings per share. 3M’s revenue for the quarter was up 2.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, analysts expect that 3M Company will post 8.96 earnings per share for the current year.

3M Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 24th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 24th. 3M’s dividend payout ratio (DPR) is 55.42%.

Insider Buying and Selling at 3M

In other news, insider Karin Chavez sold 3,635 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was 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 of the company’s stock, valued at approximately $2,561,527.85. This represents a 20.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% 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).