3M Company $MMM Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in shares of 3M Company (NYSE:MMM) by 11.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,637 shares of the conglomerate’s stock after purchasing an additional 6,187 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in 3M were worth $9,720,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. L & S Advisors Inc increased its stake in shares of 3M by 32.2% during the third quarter. L & S Advisors Inc now owns 58,316 shares of the conglomerate’s stock worth $9,049,000 after buying an additional 14,204 shares during the period. Inspire Trust Co. N.A. grew its holdings in 3M by 21.9% during the 3rd quarter. Inspire Trust Co. N.A. now owns 39,000 shares of the conglomerate’s stock worth $6,052,000 after acquiring an additional 7,000 shares in the last quarter. BLI Banque de Luxembourg Investments purchased a new stake in shares of 3M in the 2nd quarter valued at approximately $4,103,000. Allstate Corp acquired a new stake in shares of 3M in the 3rd quarter valued at $3,087,000. Finally, Okabena Investment Services Inc. lifted its position in shares of 3M by 35.8% during the 2nd quarter. Okabena Investment Services Inc. now owns 8,045 shares of the conglomerate’s stock worth $1,225,000 after purchasing an additional 2,121 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $182.00 price target on shares of 3M in a research note on Friday, January 16th. Citigroup cut their target price on 3M from $181.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Weiss Ratings downgraded 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Wolfe Research raised their price objective on shares of 3M from $196.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Morgan Stanley boosted their price objective on shares of 3M from $160.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, 3M currently has a consensus rating of “Hold” and an average target price of $176.18.

3M Price Performance

MMM stock opened at $160.73 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 2.30. The company has a market capitalization of $84.66 billion, a P/E ratio of 26.79, a PEG ratio of 2.21 and a beta of 1.08. The business has a 50 day simple moving average of $164.02 and a 200-day simple moving average of $161.92. 3M Company has a twelve month low of $121.98 and a twelve month high of $177.41.

3M (NYSE:MMM) last announced its earnings results on Tuesday, January 20th. The conglomerate reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. The business had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.03 billion. 3M had a net margin of 13.03% and a return on equity of 95.36%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. As a group, equities analysts anticipate that 3M Company will post 7.8 EPS for the current year.

3M Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. This is a positive change from 3M’s previous quarterly dividend of $0.73. The ex-dividend date is Friday, February 13th. 3M’s payout ratio is currently 52.00%.

Insider Activity

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total value of $888,798.75. Following the transaction, the chief accounting officer owned 2,585 shares in the company, valued at $446,558.75. The trade was a 66.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

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).