15,330 Shares in 3M Company $MMM Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new position in shares of 3M Company (NYSE:MMM) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 15,330 shares of the conglomerate’s stock, valued at approximately $2,454,000.

Several other large investors also recently added to or reduced their stakes in the stock. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of 3M in the 4th quarter worth $65,009,000. SG Americas Securities LLC raised its holdings in shares of 3M by 806.1% during the 4th quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock worth $50,345,000 after acquiring an additional 279,757 shares during the period. Align Financial LLC acquired a new position in shares of 3M during the 4th quarter valued at about $4,101,000. Allstate Corp boosted its position in shares of 3M by 107.1% during the 4th quarter. Allstate Corp now owns 41,212 shares of the conglomerate’s stock valued at $6,598,000 after acquiring an additional 21,316 shares during the last quarter. Finally, BNP Paribas grew its holdings in shares of 3M by 219.5% in the fourth quarter. BNP Paribas now owns 25,718 shares of the conglomerate’s stock valued at $4,118,000 after purchasing an additional 17,669 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

3M Stock Up 0.2%

Shares of NYSE:MMM opened at $160.99 on Friday. The business has a 50-day moving average price of $151.07 and a 200 day moving average price of $156.79. The company has a current ratio of 1.59, a quick ratio of 1.19 and a debt-to-equity ratio of 3.29. The company has a market capitalization of $83.97 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.32 and a beta of 1.03. 3M Company has a 12-month low of $139.34 and a 12-month high of $177.41.

3M (NYSE:MMM) last issued its quarterly earnings data 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 net margin of 11.14% and a return on equity of 104.75%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.04 billion. During the same period in the previous year, the firm earned $1.88 EPS. 3M’s revenue was up 1.3% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Sell-side analysts expect that 3M Company will post 8.7 EPS for the current year.

3M Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 22nd. 3M’s payout ratio is 60.12%.

Analyst Upgrades and Downgrades

MMM has been the subject of several recent analyst reports. Citigroup cut their price objective on shares of 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Weiss Ratings lowered shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Barclays dropped their price target on shares of 3M from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. HSBC raised their price target on shares of 3M from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein started coverage on 3M in a report on Tuesday, June 9th. They issued an “underperform” rating and a $131.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $169.64.

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).