WINTON GROUP Ltd Purchases Shares of 28,239 3M Company $MMM

WINTON GROUP Ltd purchased a new stake in shares of 3M Company (NYSE:MMM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,239 shares of the conglomerate’s stock, valued at approximately $4,572,000.

A number of other hedge funds also recently modified their holdings of the business. Commonwealth Retirement Investments LLC acquired a new stake in 3M in the fourth quarter valued at $28,000. Compass Financial Management LLC bought a new stake in shares of 3M in the 2nd quarter valued at about $38,000. Sfam LLC bought a new stake in shares of 3M in the 4th quarter valued at about $45,000. Cornerstone Planning Group LLC increased its stake in shares of 3M by 32.1% in the first quarter. Cornerstone Planning Group LLC now owns 292 shares of the conglomerate’s stock valued at $42,000 after buying an additional 71 shares during the period. Finally, West Paces Advisors Inc. acquired a new stake in shares of 3M in the second quarter valued at about $49,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Insider Activity at 3M

In other news, insider Karin Chavez sold 3,635 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $182.51, for a total transaction of $663,423.85. Following the completion of the sale, the insider owned 14,035 shares in the company, valued at $2,561,527.85. The trade was a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

3M Trading Down 0.9%

MMM opened at $162.86 on Friday. The company has a fifty day moving average price of $171.93 and a two-hundred day moving average price of $159.26. 3M Company has a 1-year low of $139.34 and a 1-year high of $184.90. The company has a market cap of $83.99 billion, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 2.16 and a beta of 1.01. The company has a current ratio of 1.24, a quick ratio of 0.91 and a debt-to-equity ratio of 3.63.

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

3M Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 24th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MMM shares. Jefferies Financial Group lifted their price objective on 3M from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. UBS Group increased their target price on shares of 3M from $190.00 to $218.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of 3M in a report on Wednesday, July 22nd. Citigroup boosted their price target on shares of 3M from $166.00 to $183.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $192.00 price objective on shares of 3M in a research note on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $177.21.

3M Profile

3M Company is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it initially supplied abrasives and other materials before expanding into a broad range of science-based products and technologies.

The company develops products for industrial, transportation, electronics, safety and consumer markets. Its offerings include personal protective equipment, industrial adhesives and tapes, abrasives, filtration products, electrical materials, automotive solutions, medical and dental products, and consumer brands such as Post-it Notes and Scotch products.